As far as I know, it is custodial. Square holds the bitcoin on behalf of the merchants. I'm pretty sure that's how they manage the customer-pays-bitcoin-merchant-receives-dollars. Perhaps if you have a CashApp account it is different, but I don't think so.

Wow, that's a lot of kyc/aml stuff, not sure it can be done in 5min. One must have all info handy.

In the other side I don't see any step to set a bitcoin address or connect an hardware wallet. Is this still custodial service? Curious to know how then a merchant can cash out.

Thanks for pulling this up! I read through the links, and as far as the pumpkin patch guy goes, I think this is the relevant step:

But I didn't see anything that said Banking. I suspect this is something he needed to do when logged in as admin or something.

bitcoin

Buying pumpkins at a Square terminal with bitcoin (and failing)

Scoresby

Thanks for pulling this up! I read through the links, and as far as the pumpkin patch guy goes, I think this is the relevant step:

![](https://m.stacker.news/160111)

[source](https://squareup.com/help/us/en/article/8622-accept-and-manage-bitcoin-payments)

But I didn't see anything that said Banking. I suspect this is something he needed to do when logged in as admin or something.