Venmo states it does not allow users under 18 and does not knowingly collect data from minors, but relies on users self-reporting their age rather than active verification.
Parents should be aware that Venmo's age restriction relies on self-reporting and that if a minor uses the platform, their financial and personal data may be collected and shared in the same manner as adult users.
Cross-platform context
See how other platforms handle Children's Privacy (COPPA Compliance) and similar clauses.
Compare across platforms →Without robust age verification, minors may access Venmo and have their financial and personal data collected, creating legal exposure under COPPA and reputational risk for the company.
REGULATORY FRAMEWORK: Children's Online Privacy Protection Act (COPPA, 15 U.S.C. §6501 et seq.) and FTC COPPA Rule (16 CFR Part 312) prohibit collecting personal information from children under 13 without verifiable parental consent. For users 13–17, state laws including California's Age-Appropriate Design Code (A.B. 2273, effective 2024) impose heightened protections. The FTC has enforcement authority under COPPA, with civil penalties up to $51,744 per violation.
Compliance intelligence locked
Regulatory citations, enforcement risk, and due diligence action items.
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