TikTok vs Venmo: whose terms are worse?

You agree to defend and indemnify TikTok against any claims or damages arising from your use of the Platform.

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.

When you create content on TikTok, you grant them a license to use it. This license is non-exclusive, irrevocable, and royalty-free.

If you have a dispute with TikTok, you must try to resolve it informally first, and you must do so within 1 year of the event.

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

TikTok can change these Terms at any time. If you don't like the changes, you can stop using the Platform.

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.

TikTok doesn't guarantee the Platform will work perfectly or be safe. If something goes wrong, the most you can get back is what you paid them in the last 12 months.

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

TikTok can ban or suspend your account at any time if you break the rules or for other reasons.

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.

TikTok can show you customized ads based on your information and activity on the Platform.

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

TikTok can use your information to customize ads and improve the Platform. They may also share your information with third parties.

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

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

Any disputes will be resolved under California law, and you agree to the jurisdiction of California courts.

If you're under 13, you can't use TikTok unless you use the Under 13 Experience. If you're under 18, some features might be restricted.

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.