What you're agreeing to

Cash App, owned by Block (formerly Square), governs its peer-to-peer payment and investing services. Cash App can close your account without notice and your balance may be inaccessible if your account is restricted.

Privacy in plain English

Cash App collects your financial transaction data, Social Security number for investing features, and behavioral data. Cash App experienced a significant insider breach in 2022 in which a former employee downloaded customer investment data.

Terms of Service: Breakdown

Concerning Clauses

• - Cash App can restrict or close your account at any time, making your balance inaccessible for extended periods.
• Cash App transactions are generally not reversible — sending money to the wrong person has no guaranteed remedy.
• Dispute resolution requires binding arbitration, preventing class-action lawsuits in the US.

Data Sharing

• - Transaction and behavioral data is shared with Block's advertising and analytics partners.
• Cash App's investing feature requires Social Security number collection, creating a more sensitive data profile.

Known Incidents

• - 2022: A former Cash App employee downloaded reports containing full names, brokerage account numbers, and stock trading activity of 8.2 million US customers.

Privacy Policy: Breakdown

Privacy Issues

• - Cash App collects your Social Security number and date of birth for investing features, creating a sensitive identity profile.
• Transaction history including payment notes is retained and can be accessed by Cash App staff.

Who Gets Your Data

• - Financial and behavioral data is shared with Block's analytics and advertising infrastructure. - Cash App for Business accounts share merchant transaction data with Block's broader payment network.

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