Square Cash earns revenue from the fees assessed on transactions, such as the 3% it charges to send money from a credit card and the 1.5% Square Cash charges to make an instant deposit
Square, Inc., also earns revenue from subscriptions, services and hardware, including the Square Register and Square Stand, used by its business customers.
Square Cash can deposit funds at two speeds: standard or instant. If you select the standard deposit option, it may take up to three days for the deposit to post in your bank account. It may take longer if the banks are closed on a national holiday or weekend.
If you select the instant option, you’ll be charged 1.5% of the deposit amount to have the Cash app money deposited to your bank account immediately. Deposits will appear on your bank statement either with the prefix SQC* or with the name of the person who sent you money.