Square · Square Privacy Notice · View original document ↗

Use of Financial and Transaction Data

Medium severity Unique · 0 of 343 platforms
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Document Record

What it is

Square uses your payment and transaction data to improve its services, detect fraud, and develop new products, in addition to processing your payments.

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)

Your financial transactions are used for purposes beyond just completing payments, including building Square's products and conducting analytics on your financial behavior.

Consumer impact (what this means for users)

Square collects extensive personal and financial data, including transaction history, device identifiers, and inferred characteristics, and shares this with affiliates, service providers, and advertising partners. Your financial and behavioral data may be used for targeted advertising and cross-context behavioral profiling, which can feel intrusive and may affect what products and services you are shown. You can opt out of the sale or sharing of your personal information for targeted advertising by visiting Square's privacy preferences page or submitting a request through their privacy portal.

Cross-platform context

See how other platforms handle Use of Financial and Transaction Data and similar clauses.

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ConductAtlas Analysis

Institutional analysis (Compliance & governance intelligence)

Use of transaction data for product development and analytics may implicate GLBA's restrictions on use of nonpublic personal financial information, as well as CCPA/CPRA requirements for disclosure of secondary data use purposes and applicable opt-out rights.

Full compliance analysis

Regulatory citations, enforcement risk, and due diligence action items.

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Applicable agencies

  • CFPB
    The CFPB oversees use of consumer financial data by payment processors under applicable federal financial privacy laws.
    File a complaint →

Provision details

Document information
Document
Square Privacy Notice
Entity
Square
Document last updated
May 5, 2026
Tracking information
First tracked
March 20, 2026
Last verified
March 20, 2026
Record ID
CA-P-00363006
Document ID
CA-D-00363
Evidence Provenance
Source URL
Wayback Machine
Content hash (SHA-256)
9d83d848d882a5e950e856f1056ea2d1d77853b0de3d7e35096e101db5f72361
Analysis generated
March 20, 2026 05:41 UTC
Methodology
Evidence
✓ Snapshot stored   ✓ Hash verified
Citation Record
Entity: Square
Document: Square Privacy Notice
Record ID: CA-P-00363006
Captured: 2026-03-20 05:41:13 UTC
SHA-256: 9d83d848d882a5e9…
URL: https://conductatlas.com/platform/square/square-privacy-notice/use-of-financial-and-transaction-data/
Accessed: June 10, 2026
Permanent archival reference. Stable identifier suitable for legal filings, compliance documentation, and research citation.
Classification
Severity
Medium
Categories

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Frequently Asked Questions

What does Square's Use of Financial and Transaction Data clause do?

Your financial transactions are used for purposes beyond just completing payments, including building Square's products and conducting analytics on your financial behavior.

Is ConductAtlas affiliated with Square?

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