Square · Square Privacy Notice · View original document ↗

Financial Data Collection and Processing

High severity Unique · 0 of 325 platforms
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Recent governance activity Square recorded 2 documented changes in the last 30 days.
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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)

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.

Consumer impact (what this means for users)

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

Roblox Medium

Your use of the Services is also governed by our Privacy Policy, which is incorporated into these Terms by reference. By using the Services, you consent to the data collection and use practices described in the Privacy Policy. Roblox collects information you provide directly, information collected a...

Best Buy Medium

We collect information about you in a variety of ways depending on how you interact with us and our products and services. This includes information you provide directly, information we collect automatically when you use our services, and information we receive from third parties. We may collect ide...

Tabnine Medium

Tabnine may collect and use technical data and related information, including but not limited to technical information about your device, system and application software, and usage data regarding your use of the Services (including code completion statistics and plugin interaction data), to facilita...

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▸ View Original Clause Language DOCUMENT RECORD
"
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

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-007030
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-007030
Captured: 2026-05-11 06:14:10 UTC
SHA-256: 0289c6d8cb5faae7…
URL: https://conductatlas.com/platform/square/square-privacy-notice/financial-data-collection-and-processing/
Accessed: May 20, 2026
Permanent archival reference. Stable identifier suitable for legal filings, compliance documentation, and research citation.
Classification
Severity
High
Categories

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Built from archived source documents, structured governance mappings, and historical version tracking.

Frequently Asked Questions

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

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.

How does this clause affect you?

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.

Is ConductAtlas affiliated with Square?

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