Square Terms of Service

This document governs the terms under which Square, Inc. (a subsidiary of Block, Inc.) provides payment processing, point-of-sale, and related financial technology services to merchants and consumers, with the agreement establishing California law as the governing framework and the American Arbitration Association as the default dispute resolution body. The terms authorize Square to suspend or terminate accounts without prior notice if it determines a user has violated the agreement, reserve the right to hold or withhold funds for up to 90 days under certain risk or compliance conditions, and state that users indemnify Square against third-party claims arising from their use of the services. Notably, the agreement includes a mandatory binding arbitration clause with a class action waiver and a 30-day opt-out window from the date of account creation, which is a provision that materially limits users' ability to pursue collective legal remedies, though the enforceability of such waivers may vary by jurisdiction and is subject to ongoing judicial and regulatory scrutiny. The document engages the FTC Act (unfair or deceptive trade practices), the Consumer Financial Protection Act administered by the CFPB (given Square's role as a payment facilitator), and state money transmission laws; California residents may have additional rights under CCPA and the California Consumer Privacy Act framework, while EU or UK users engaging with Square's services may trigger GDPR or UK GDPR considerations depending on the specific product and data flows involved.