Provision record
Square · Square Privacy Notice · View original document ↗

Collection of Payment and Financial Data

High severity High confidence Explicit document language Common · 290 of 352 platforms
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Document Record

What it is

Square collects your bank account details, card numbers, and payment information whenever you use its financial or payment services.

This analysis describes what Square's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology

ConductAtlas Analysis

Why it matters (compliance & governance perspective)

Payment and banking credentials are among the most sensitive categories of personal data, and understanding how they are stored, shared, and protected is critical for any user of Square's services.

Clause Stability Stable

0
Changes
5
Months Monitored
May 11, 2026
First Seen
May 22, 2026
Last Seen
This clause type exists across 5149 other provisions on other platforms.

Change history

added May 22, 2026

This addition explicitly discloses sensitive financial data collection practices, directly replacing the vague previous 'Use of Financial and Transaction Data' provision with concrete details about payment card and banking information collection.

View full change record →

Consumer impact (what this means for users)

Your credit card numbers, bank routing numbers, and payment credentials are collected by Square and may be shared with financial partners and service providers as described in the policy, creating potential exposure if data handling practices are not robustly secured.

What you can do

⚠️ These actions may provide transparency or partial mitigation but may not fully address the underlying issue. Effectiveness varies by jurisdiction and individual circumstances.
  • Export Your Data
    Visit Square's privacy request page at squareup.com/privacy. Select the data access or export option and complete the request form to obtain a copy of the financial data Square holds about you.

How other platforms handle this

Google Cloud Medium

Your organization may allow you to access and export your data in order to back it up or transfer it to a service outside of Google.

Roblox Medium

To stop us collecting your location information, you can update your device settings, stop using the Service, or uninstall our mobile apps.

Revolut Medium

It also means we are unable to provide any information about messages in your Revolut Messenger even if you ask us for it.

See all platforms with this clause type →
▸ View Original Clause Language DOCUMENT RECORD
"
We collect information about you when you use our Services. This includes information you provide to us, information we collect automatically, and information we receive from other sources. Financial information such as bank account and routing numbers, credit and debit card numbers, and other payment information you provide to us when you use our financial services.

Excerpt from Square's Privacy Notice

ConductAtlas Analysis

Institutional analysis (regulatory & governance intelligence)

REGULATORY LANDSCAPE: Collection and handling of payment card data engages PCI DSS compliance obligations as well as GLBA requirements for financial data.

Insight

Unlock the full institutional analysis

Enforcement risk, jurisdiction flags, contract triggers, and due diligence action items.

Applicable agencies

  • Consumer Financial Protection Bureau (cfpb)
    Regulates consumer financial products and services. Can investigate companies for unfair, deceptive, or abusive financial practices including improper fees, billing errors, and data misuse.
    Who can file: Anyone who has used a consumer financial product or service in the US
    What you need: Account number or details, dates of transactions or events, description of the issue, and any supporting documents
    What to expect: The company must respond within 15 days. The CFPB forwards your complaint and may use it in enforcement actions. Individual compensation is possible in some cases.
    File a complaint →

Applicable regulations

CCPA/CPRA
California, USA
Connecticut Data Privacy Act Amendments
US-CT
CAN-SPAM
United States Federal
FCRA
United States Federal
FTC Act Section 5
United States Federal
GLBA
United States Federal
Indiana Consumer Data Protection Act
US-IN
Kentucky Consumer Data Protection Act
US-KY
Universal Opt-Out Mechanism Expansion 2026
US

Provision details

Document information
Document
Square Privacy Notice
Entity
Square
Document last updated
May 5, 2026
Tracking information
First tracked
May 11, 2026
Last verified
May 11, 2026
Record ID
CA-P-010452
Document ID
CA-D-00363
Evidence Provenance
Source URL
Wayback Machine
Content hash (SHA-256)
0289c6d8cb5faae7f0a22b62297d5eb529db7cfcc001f60a8fa38563c167ffc3
Analysis generated
May 11, 2026 06:14 UTC
Methodology
Evidence
✓ Snapshot stored   ✓ Hash verified
Citation Record
Entity: Square
Document: Square Privacy Notice
Record ID: CA-P-010452
Captured: 2026-05-11 06:14:10 UTC
SHA-256: 0289c6d8cb5faae7…
URL: https://conductatlas.com/platform/square/square-privacy-notice/provision/CA-P-010452/collection-of-payment-and-financial-data/
Accessed: Sept. 8, 2026
Permanent archival reference. Stable identifier suitable for legal filings, compliance documentation, and research citation.
Classification
Severity
High
Categories

Other risks in this policy

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Frequently Asked Questions

What does Square's Collection of Payment and Financial Data clause do?

Payment and banking credentials are among the most sensitive categories of personal data, and understanding how they are stored, shared, and protected is critical for any user of Square's services.

How does this clause affect you?

Your credit card numbers, bank routing numbers, and payment credentials are collected by Square and may be shared with financial partners and service providers as described in the policy, creating potential exposure if data handling practices are not robustly secured.

How many platforms have this type of clause?

ConductAtlas has identified this type of provision across 290 platforms. See the full comparison.

Is ConductAtlas affiliated with Square?

No. ConductAtlas is an independent monitoring service. We are not affiliated with, endorsed by, or sponsored by Square.