Squarespace unveils Balance platform to make running an SMB 'easier, more efficient, and more cost-effective'

Date:
Tue, 17 Mar 2026 12:00:00 +0000

Description:
Squarespace has launched a new bank-like tool to give SMBs access to interest-like payments and Visa spending cards.

FULL STORY ======================================================================Copy link Facebook X Whatsapp Reddit Pinterest Flipboard Threads Email Share this article 0 Join the conversation Follow us Add us as a preferred source on Google Newsletter Tech Radar Get the TechRadar Newsletter Sign up for
breaking news, reviews, opinion, top tech deals, and more. Contact me with news and offers from other Future brands Receive email from us on behalf of our trusted partners or sponsors By submitting your information you agree to the Terms & Conditions and Privacy Policy and are aged 16 or over. You are
now subscribed Your newsletter sign-up was successful An account already exists for this email address, please log in. Subscribe to our newsletter Squarespace Balance follows on from other tools like Capital and Payments Users benefit from 'interest' and access to a Visa spending card It's rolling out across the US for new users first Squarespace has launched a new accounting tool for business users designed to help them manage their finances, cash flow and spending in one place within their existing Squarespace ecosystem.

The new Squarespace Balance feature integrates with Squarespace Payments, giving users direct and quick access to their funds (typically within 24 hours). Serving as a pot of money, Balance allows users to collect cash rewards based on a percentage of their balance though the company is quick
to point out that this is not considered 'interest'. Article continues below You may like No storefront needed get paid via DMs and QR codes with Squarespaces new tool Kick off the year by building your dream website with this exclusive Squarespace discount How to build a stunning link in bio site with Squarespace Squarespace Balance is like a bank but it's not a bank
Money held within Balance can also be spent using a Squarespace Visa spending card, so business users don't need to wait for money to clear and then transfer it to their usual banking account to spend it.

"[Squarespace Balance] reflects our belief that financial services should
feel like a natural extension of running a business, not another system entrepreneurs have to manage," Commercial SVP Dan Chandre wrote.

Balance comes just months after Squarespace launched Capital, a financing
tool for merchants, and a few years after Payments launched (in 2023) for payment processing.

However, availability could be pretty limited for now. Only new users in the US will get access to Balance's interest-like payments and Visa card, with existing account holders set to get access within a few months. The company didn't comment on broader global availability. Are you a pro? Subscribe to
our newsletter Sign up to the TechRadar Pro newsletter to get all the top news, opinion, features and guidance your business needs to succeed! Contact me with news and offers from other Future brands Receive email from us on behalf of our trusted partners or sponsors By submitting your information you agree to the Terms & Conditions and Privacy Policy and are aged 16 or over.

Squarespace isn't the only company in this space offering such features, with Shopify Balance virtually mirroring the tool with interest-like payments, cashback and spending cards. Other non-banks, like PayPal, also offer
business spending cards to access their account's money more quickly. Follow TechRadar on Google News and add us as a preferred source to get our expert news, reviews, and opinion in your feeds. Make sure to click the Follow button!

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