Table of Contents
.png?table=block&id=21a105a2-9d95-81c3-b539-f75191e79f1f&cache=v2)
Last Edited Time
Jun 25, 2025 09:35 PM
Do not index
Do not index
Suggested Tag
Squarespace
payment integration
accounting integration
Tags Synced
Tags Synced
AI summary
Connect your bank account to Squarespace Payments by authenticating via Plaid or using micro-deposits for verification. You can change your linked account anytime, and be aware of a payout holding period of 15-19 days. Regularly check for updates from Squarespace regarding your payment settings.
Last edited by
Platform
Category
Topic
How to Set Up Bank Accounts in Squarespace Payments
Learn how to connect and manage your bank account with Squarespace Payments.
TL;DR: Key Points
- Connect a bank account to Squarespace Payments to receive payouts
- Authenticate your bank via Plaid for secure verification
- You can change your linked bank account at any time
- For verification, you may use micro-deposits or bank statement uploads
- Be aware of the payout holding period which can last between 15-19 days
- Micro-deposits are small, test transactions used to verify bank connections
How to Connect Your Bank Account to Squarespace Payments
Initial Setup
First, make sure your bank account meets Squarespace's requirements:
- U.S. and Canada: Must be a checking account
- UK and EU: Must be a current account and requires BACS or SEPA authorisation
Step-by-Step Connection Guide
- Start in Settings: Go to Settings and select Selling
- Access Payments: Click on Payments to open the payment settings page
- Connect Your Bank: Next to "Connect a checking account to receive payouts," click Connect Bank
- Proceed with Authentication: Click Continue and follow the prompts for authentication. This might involve logging in to your bank or entering account details directly
Authentication Process
Depending on your region and bank, you may need to authenticate your account either through secure login via Plaid or by inputting your account details directly.
Verifying with Micro-Deposits
For some banks, verification involves micro-deposits:
- Identify the Micro-Deposit: Check your bank statement for a small deposit from Squarespace
- Enter the Verification Code: This code will be in the transaction description. Enter it in the Payments panel under Enter Code
Manual Connection
If automated connection fails, you can manually link your bank:
- Select Manual Entry: Choose Enter Account Number if auto-login fails
- Provide Details: Input your bank account and routing numbers, then authorise the connection
- Verify with Micro-Deposits: As with automatic setup, you'll wait for deposits to verify your account
Pixelhaze Tip: Regularly check your email, including your spam folder, for communications from Squarespace about your payment settings. This helps ensure you're aware of any required actions or notifications about your account.
Changing Your Connected Bank Account
You can update your linked bank account in the Payments panel by going to Manage Settings. From there, click the pencil icon next to your bank information and follow the prompts to update your account details.
FAQs
Do I need a bank account for Squarespace Payments?
Yes, a bank account must be linked to your Squarespace Payments to process and receive payouts.
Can I update my bank account information on Squarespace Payments?
Yes, you can change your bank details at any time by following the updated connection guide in your account settings.
What should I do if I have trouble connecting my bank with Plaid?
If you face problems, try reconnecting after a few hours. For persistent issues, contact Squarespace support for further assistance.
Jargon Buster
- Plaid: A tool that helps securely verify your bank account information online
- Micro-deposits: Small sums transferred to your account to verify ownership
- DBA (Doing Business As): This term refers to the registered name your business operates under, which might differ from your legal business name
Connecting your bank account to Squarespace Payments is essential for setting up your eCommerce functions. By following these steps and using tools like Plaid, you can secure and manage your financial transactions efficiently. Keep your account information updated and reach out to customer support if you run into any issues.