Illinois Tells Square To Stop Taking Payments - businessinsider.com
Illinois has ordered Square to cease processing payments, impacting businesses relying on this payment platform.
Aforeworn detected this change in the Money Services & Money Transmitters space on September 2, 2026 and published this briefing so affected operators are forewarned rather than caught off guard. It is rated High urgency. All businesses using Square for payment processing in Illinois. should confirm how it applies to their specific situation before acting. There is a time constraint attached: Immediate action required as Square must stop processing payments now.. Acting after that point can mean penalties, a lapsed licence, or lost eligibility — exactly the kind of surprise Aforeworn exists to prevent. Aforeworn monitors Money Services & Money Transmitters continuously and turns every detected change into a plain-English briefing like this one, so you always know first. Forewarned is forearmed.
What changed
Square is no longer authorized to process payments in Illinois, affecting transaction capabilities.
Who it affects
All businesses using Square for payment processing in Illinois.
What you must do
Find alternative payment processing solutions immediately.
Deadline
Immediate action required as Square must stop processing payments now.
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- US-CONGRESS BILLS-119hr9331rh: Strengthening Transaction Oversight and Preventing Payments Fraud Act of 2026; STOP Payments Fraud Act of 2026
- US-CONGRESS HR9331: STOP Payments Fraud Act of 2026