Cash App vs Venmo: whose terms are worse?

Disputes with Venmo will be resolved through arbitration, not in court. You give up your right to a jury trial or class action lawsuit.

You can't join a class action lawsuit against Venmo; you must resolve disputes individually.

If you deposit cash, you'll pay $1 per transaction. Some services are free, like receiving money or sending money within the US.

Venmo's fees and limits may change, so check the Fees page regularly to avoid surprises.

Cash App can change its terms at any time, and you agree to the revised terms by continuing to use the service.

Venmo can change its terms at any time, with 21 days' notice for changes that reduce your rights or increase your responsibilities. If you don't like the changes, you must close your account before they take effect.

Cash App doesn't offer overdraft or credit features, so you can't spend more than you have in your account.

Venmo doesn't guarantee the safety of the money in your account, and you won't earn interest on it.

Cash App can close your account at any time, and you won't be able to use the service anymore.

You can close your Venmo account at any time, but you must withdraw your money first. You'll still be responsible for any outstanding transactions or debts.

Venmo reviews your account activity, including withdrawals, to check for suspicious or illegal activity. This may delay or block your transactions.

Cash App collects information about you and your transactions, and may share this information with third parties.

Venmo says it won't use your account information for its own purposes, but the details are unclear.

Cash App may share your information with third parties, such as merchants or other financial institutions.

Venmo can transfer its rights and obligations to another company, which may affect your account.

The terms are governed by the laws of a specific jurisdiction, but it's not clear which one.

You can request a refund, but the process and outcome are not guaranteed.

You must be at least 18 years old to use Cash App.

Venmo should only be used to transact with people you know and trust, especially for goods and services. Using Venmo for transactions with strangers may result in lost money or goods.