TOS Genie

Venmo's terms of service, in plain English

Among the most aggressive terms we see. Risk score 73/100 · 10 clauses that matter · 5 high risk

Venmo can change its terms at any time, with 21 days' notice for changes that reduce your rights or increase your responsibilities.

Watch this document We re-read it on a schedule. If it changes, you hear about it in dollars and days.

What you sign away

  • The right to a jury trial
  • The right to join a class action lawsuit
  • The right to interest on your account balance
high risk Limits on their liability

No Warranty

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

high risk Account termination

Account Closure

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.

What to do about it
  1. Close your account and withdraw your money if you no longer want to use Venmo
high risk Forced arbitration

Dispute Resolution

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

What to do about it
  1. Agree to arbitration to resolve disputes with Venmo
high risk Class action waiver

Class Action Waiver

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

high risk Other notable terms

Use of Venmo

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.

What to do about it
  1. Only use Venmo with people you know and trust
medium risk Changes without notice

Changes to Agreement

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.

What to do about it · Within 21 days of the notice
  1. Review the updated terms within 21 days to decide whether to continue using Venmo
medium risk Tracking and profiling

Transaction Review

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

What to do about it
  1. Be aware of Venmo's review process when you initiate withdrawals
medium risk Transfer to third parties

Assignment of Rights

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

medium risk Price changes

Fees and Limits

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

What to do about it
  1. Check the Fees page for updates on fees and limits
low risk How long data is kept low confidence

Information Storage

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

Generated by AI and it can be wrong. Every point links to the source clause so you can check it. This document was last read on August 27, 2026. Read the original.