Square can suspend or close your account at any time, for almost any reason, including suspicion of policy violations, with little or no advance notice.
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
Losing access to your payment processing account without warning could immediately halt your ability to accept payments and access your funds.
Square's terms grant the company broad discretion to hold, delay, or withhold merchant funds for risk management reasons, which can significantly disrupt business cash flow. Merchants waive their right to participate in class action lawsuits and must resolve disputes through binding arbitration, limiting their legal remedies. You can opt out of the arbitration clause by sending written notice to Square within 30 days of first accepting the terms.
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The broad unilateral termination right, combined with fund-hold provisions, creates significant operational risk for merchants dependent on Square; enterprise procurement teams should assess business continuity implications and maintain backup payment processing capabilities.
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Losing access to your payment processing account without warning could immediately halt your ability to accept payments and access your funds.
ConductAtlas has identified this type of provision across 119 platforms. See the full comparison.
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