“THE TOTAL LIABILITY OF SQUARE IS LIMITED TO THE GREATER OF (A) THE AMOUNT OF FEES EARNED BY US IN CONNECTION WITH YOUR USE OF THE SERVICES DURING THE THREE (3) MONTH PERIOD...OR (B) $500.”
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 cap limits the maximum financial recovery available to users regardless of the actual harm suffered, which may be far less than actual losses.
Interpretive note: The excerpt contains an ellipsis between 'THREE (3) MONTH PERIOD' and 'OR (B) $500', suggesting the full clause may specify the precise time period anchor (e.g., immediately preceding the claim). The canonical claim uses 'preceding the claim' as the most natural reading but the full text should be consulted.
The updated terms establish a non-compete restriction prohibiting sellers from using Square's Services to build or support competing products or services, with account termination and indefinite fund holds stated as potential consequences for violations. Square now authorizes collection of your business brand assets (names, logos, menus, photos) from publicly available sources and grants itself and its subsidiaries broad rights to use, modify, and prepare derivative works of those assets for Block's business purposes, including developing, training, testing, and improving products and services. The revised payment terms require you to select a primary payment method at signup, and authorize Square to collect fees from that method or, if collection fails, from your transaction proceeds or Square account balance; you represent and warrant that any linked bank account was not established for personal purposes and that you are an authorized user on it.
View change record →Users can recover no more from Square than the greater of Square's fees earned from their use of the Services in the prior three months or $500, regardless of actual damages.
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"THE TOTAL LIABILITY OF SQUARE IS LIMITED TO THE GREATER OF (A) THE AMOUNT OF FEES EARNED BY US IN CONNECTION WITH YOUR USE OF THE SERVICES DURING THE THREE (3) MONTH PERIOD...OR (B) $500.Excerpt from Square's Terms of Service
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This cap limits the maximum financial recovery available to users regardless of the actual harm suffered, which may be far less than actual losses.
Users can recover no more from Square than the greater of Square's fees earned from their use of the Services in the prior three months or $500, regardless of actual damages.
ConductAtlas has identified this type of provision across 281 platforms. See the full comparison.
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