What Is "SQ* My Business" on My Bank Statement?

SQ* My Business means you paid at a business that uses Square but hasn't customized their statement name — so Square shows a placeholder 'My Business' instead of a real name.

Plain-English explanation

When a small business signs up for Square, they're prompted to set a business name for bank statement descriptors. Some skip this step, leaving 'My Business' as the placeholder. The payment is still real — it just makes it harder to identify the merchant without checking your email receipt or bank records.

Most common reasons this appears

• New or small business that didn't configure their Square statement name
• Pop-up stall, market vendor, or one-time service provider
• Payment at a business in its early setup phase

How to verify this charge

• Check your email for a Square receipt around the charge date — it will show the real business name.
• Log in to squareup.com → Find a receipt → enter your card info.
• Think about what small businesses you visited around that date.

When to be concerned

• No Square receipt in your email for any recent transaction.
• You don't recall any in-person card payment near that amount.
• Multiple SQ* My Business charges on different days.

Part of: Payment processors & POS →