Venmo collects your name, contact information, bank account and card details, transaction history, and the text you write in payment notes.
This analysis describes what Venmo's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
The policy authorizes collection of sensitive financial identifiers and transaction content that, in combination, create a detailed profile of a user's financial behavior and relationships.
The terms authorize collection of bank account details, payment card information, transaction amounts, dates, counterparties, and payment note content, which together constitute a comprehensive financial activity record associated with the user's identity.
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"We collect information you provide to us, such as your name, address, phone number, email address, and financial information including bank account and payment card details. We also collect transaction information, including the amount, date, and parties involved in each transaction, as well as the payment notes you include.Excerpt from Venmo's Privacy Policy
1) REGULATORY LANDSCAPE: GLBA and Regulation P govern the handling of nonpublic personal financial information collected by financial institutions, including payment processors.
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The policy authorizes collection of sensitive financial identifiers and transaction content that, in combination, create a detailed profile of a user's financial behavior and relationships.
The terms authorize collection of bank account details, payment card information, transaction amounts, dates, counterparties, and payment note content, which together constitute a comprehensive financial activity record associated with the user's identity.
ConductAtlas has identified this type of provision across 290 platforms. See the full comparison.
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