Ken Yeung on The Next Web provides the rundown on Square’s new Connect API for merchants.

With the new API, merchants are able to retrieve activity reports for their processed payments, refunds and deposits. Square says that what it will not provide is the ability to accept payments — it’s only for reporting purposes. It’s also limited to pulling data from a single account, so no market research capabilities are available.

The Connect API is strictly for merchants who want to keep tabs on their sales, but it’s nice to have nonetheless if you’re selling products using Square readers or online via the Square Market.