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
The clause defines the scope of financial data collection Square performs as a core operational function of its payment processing and financial services offerings. This collection is necessary for Square to process transactions, verify accounts, and maintain financial records across its service portfolio.
Users who activate Square's financial services authorize the collection of sensitive financial identifiers and transaction records as a condition of using those products. The terms specify that this data collection occurs automatically during normal service operation when financial products are accessed.
How other platforms handle this
"By clicking 'Next', you are indicating that you have read and agree to the TERMS OF USE AND PRIVACY POLICY"
We automatically collect certain information from your device, including information about your web browser, IP address, time zone, and some of the cookies that are installed on your device. Additionally, as you browse the Service, we collect information about the individual web pages or products th...
Location data. Data about your device's location, which can be either precise or imprecise. For example, we collect location data using Global Navigation Satellite System (GNSS) (e.g., GPS) and data about nearby cell towers and Wi-Fi hotspots. Location can also be inferred from a device's IP address...
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"We collect financial information such as bank account numbers, credit and debit card numbers, financial account details, and transaction information when you use our financial services, payment processing, banking, or invoicing products.— Excerpt from Square's Square Privacy Notice
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The clause defines the scope of financial data collection Square performs as a core operational function of its payment processing and financial services offerings. This collection is necessary for Square to process transactions, verify accounts, and maintain financial records across its service portfolio.
Users who activate Square's financial services authorize the collection of sensitive financial identifiers and transaction records as a condition of using those products. The terms specify that this data collection occurs automatically during normal service operation when financial products are accessed.
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