A centered crop keeps the smaller dimension and trims the larger one. On a 2000 × 2000 source, a 4:3 frame is 2000 × 1500, so 500 vertical pixels are removed in total. A 3:4 frame is 1500 × 2000, so 500 horizontal pixels are removed in total.
Those pixels are not inherently unimportant. A handle, label or accessory near the edge can be more valuable than empty background in the center.
The visual check
Use a crop preview after preparing the image, then inspect it at approximately the size a customer will see. A centered crop is useful for identifying risk, not for claiming that a marketplace uses the same frame.
Mark the full product boundary before choosing a crop.
Compare square, landscape and portrait frames.
Move the source composition or add margin when a meaningful edge is clipped.