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.
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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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