What is SQUARE INC or SQ* on My Bank Statement?
SQUARE INC or SQ* refers to a transaction processed through Square, a payment processor used by small businesses, restaurants, salons, and online sellers.
Why Am I Being Charged by SQUARE INC?
This charge typically comes from a purchase you made from a business that uses Square to process payments. The name on your statement may look like:
- SQ*COFFEESHOP
- SQ*RESTAURANT
- SQUARE INC
Sometimes the name on your bank statement doesn’t match the actual store name, especially for mobile or pop-up vendors.
What is Square?
Square is a popular point-of-sale and online payment platform. Thousands of local businesses use it to process credit card payments, whether in-person or online.
Is SQUARE INC a Scam or Legit?
It’s almost always a legitimate charge. If it looks unfamiliar, think back to recent purchases at local shops, markets, or online sellers. Square makes it easy for even small vendors to accept cards, so it’s common to forget the transaction details.
How to Verify or Dispute the Charge
Visit Square’s transaction lookup page to identify the merchant:
- Enter the amount, date, and last 4 digits of your card
- Square will attempt to match the charge to a receipt
If it still looks suspicious, contact your bank to report the transaction.
FAQ
- What is SQUARE INC?
- It’s a credit card processing company used by small businesses, restaurants, and online vendors.
- Why does my bank say SQ*?
- SQ* is a shortened billing prefix used by Square to identify the business that made the charge.
- How do I find out who charged me through Square?
- Use Square’s lookup tool at squareup.com/receipts to get details.
