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Same-day deposits are nearly identical to Square’s Instant Transfer feature. It comes with the same notice that some may have limits, and you may start out with a smaller transfer amount per day and work your way up.

It’s perfectly reasonable to use a personal credit card to cover business expenses. Make sure you avoid taking a personal financial hit when charging business expenses to your personal credit card.

Square and PayPal offer powerful software for small businesses, plus affordable pricing and no long-term contracts. Check out our comparison to see how they compare in terms of features, pricing, user reviews, and more!

A cross border fee is a credit card processing fee charged whenever a merchant in one country (e.g., the US) accepts payment from a customer whose card originates from another country (e.g., Mexico). Cross-border fees are fixed, non-negotiable fees set by card networks.

The best payment gateway for eCommerce is the one that plays nicely with your payment processor. Authorize.Net is popular for a reason, though we’d recommend getting it through a merchant services provider rather than signing up directly.

Square’s phone customer service hours are from 6 am to 6 pm Pacific time, Monday through Friday. Note that with higher paid subscription tiers, like Square for Restaurants Pro, you have access to Square’s phone support 24/7. Getting a human isn’t always simple, however, as the system will often try and funnel you through its live chat option. If you do have a very specific question and you are two-step verified, you can generally reach someone within a few minutes during business hours or opt to receive a call back. Square has also largely done away with its customer code system for receiving support.

Take a look at the best small business credit cards and learn how to choose the right credit card for your small business.

If you default on your SBA loan, you’ll be notified by the lender. If you’re unable to get on track with your loan, your lender may seize your assets. The lender will later reach out to the SBA to receive the guaranteed portion of the loan, and the SBA will contact you seeking payment. If payment isn’t received or an agreement isn’t made, the SBA will report the loan to the Treasury Department, which can take further action against you.

Learn what grants are, their pros and cons, how to find them, and best practices for applying in our guide to small business grants.

A secured business credit card should primarily be viewed as a road back to decent credit health. Remember, however, that it isn’t necessarily the best or only path you can take.