Square Hardware Financing (Installment Payments)

Overview

Square Hardware Financing allows eligible merchants to purchase qualifying hardware through Square Shop and pay for the purchase over time through monthly installment payments instead of paying the full hardware cost upfront.

Financing eligibility, approval, available repayment terms, and ongoing financing management are handled directly by Square.

Important: Envoy does not determine financing eligibility or approve financing applications. All financing decisions, approvals, and available terms are determined solely by Square.

Eligibility Requirements

Before applying, confirm the merchant meets the basic eligibility requirements.

Requirement	Details
Who Can Apply	Square account owners and authorized representatives
Minimum Purchase	Square Shop cart subtotal must be $49 or more before taxes
Bank Account	A successfully verified bank account must be linked to the Square account
Financing Limit	Eligible sellers may finance qualifying purchases up to $10,000
Approval	Financing is subject to Square's approval

Important: Square Hardware Financing is not available in Alabama, Delaware, Mississippi, Missouri, New Hampshire, or Tennessee.

Repayment Plan Options

Depending on your order total, you'll see repayment options at checkout for:

3 months
6 months
12 months
24 months

Note: Not every repayment term will be available for every purchase. The merchant should review the specific financing options presented by Square during checkout.

How to Apply

Square Hardware Financing is selected while completing a hardware purchase through Square Shop.

Sign in to your Square account on Square Shop.
Select your hardware, click Buy now, and add items to your cart.
Proceed through checkout until you reach the Payment stage.
Select Pay in installments > See plan options.
Choose an installment plan > Continue to application.
Provide your details and click Submit application.
If approved, you'll be prompted to enter payment details and complete checkout.

Credit & Application Details

Square may use credit information when determining financing eligibility.

During the Application

Square performs a soft credit inquiry as part of the application process. A soft inquiry does not affect the applicant's credit score.

If Financing Is Accepted

If the applicant accepts the financing terms and completes the financed purchase, Square states that a hard credit inquiry notification will be sent to the credit bureaus, which may affect the applicant's credit.

If the Application Is Declined

If Square declines the financing application, the applicant will receive an email with the reason or reasons for the decision.

Important: Questions regarding a financing approval, denial, credit decision, or available financing terms should be directed to Square Support. Envoy cannot change or override Square's financing decision.

Payment & Billing

Once the financed purchase is completed, payments are made according to the financing agreement established with Square.

Payment Detail	How It Works
First Payment	Due 30 days after checkout
Ongoing Payments	Payments are automatically charged monthly until the balance is paid in full
Sales Tax	Applicable sales tax is due at checkout
Payment Method	Payments are automatically charged to the credit or debit card provided at purchase
Failed Card Payment	If the card payment fails, Square may attempt to debit the linked bank account
Early Payoff	The remaining financing balance may be paid off early
Late Fees	Square does not charge late fees; however, late payments may affect future financing eligibility
Unsupported Payment Methods	Payments cannot be made by check, money order, or mail

Returns & Refunds

If you return your hardware within 30 days of your order, you'll receive a full refund of all financing payments made to date once the return is received.

For partial returns, your remaining balance will be reduced accordingly.