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
This provision allocates chargeback liability to the account holder rather than Square, establishing the operational framework for how chargeback-related financial obligations are handled. The clause specifies multiple collection mechanisms available to Square, which affects the account holder's liquidity management and payment flow through the platform.
Under this provision, the account holder assumes financial responsibility for chargebacks generated by their transactions, and Square is authorized to recover these amounts through automatic bank debits, payment offsets, or card charges without requiring separate authorization for each collection action. This means chargeback costs directly reduce the account holder's net proceeds from the service.
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"You are responsible for all chargebacks, claims, fines, fees, penalties and other liability arising from your use of the Services, including chargebacks initiated by your buyers. Square may recover amounts you owe us for chargebacks by debiting your linked bank account, offsetting amounts owed to you, charging your credit card on file, or pursuing any other legal remedy available.— Excerpt from Square's Square Terms of Service
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This provision allocates chargeback liability to the account holder rather than Square, establishing the operational framework for how chargeback-related financial obligations are handled. The clause specifies multiple collection mechanisms available to Square, which affects the account holder's liquidity management and payment flow through the platform.
Under this provision, the account holder assumes financial responsibility for chargebacks generated by their transactions, and Square is authorized to recover these amounts through automatic bank debits, payment offsets, or card charges without requiring separate authorization for each collection action. This means chargeback costs directly reduce the account holder's net proceeds from the service.
ConductAtlas has identified this type of provision across 1 platforms. See the full comparison.
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