Venmo shares your personal and financial information with PayPal's affiliated companies and with outside service providers for purposes including payment processing, fraud prevention, and marketing.
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 agreement authorizes sharing of user data, including financial transaction history, bank account identifiers, and personal identifiers, across the PayPal corporate family and with third-party vendors, which extends the effective data environment beyond Venmo itself.
Interpretive note: The scope of 'marketing' data sharing and whether it constitutes CCPA 'sharing' for cross-context behavioral advertising purposes depends on the specific third-party arrangements in place, which are not fully detailed in the agreement text.
The updated terms expand the arbitration clause to explicitly state that users agree to resolve 'most disputes by arbitration on an individual basis, a class action waiver, and a jury trial waiver.' The terms note that arbitration involves 'less discovery and appellate review than in court.' Additionally, Venmo's cash back rewards program has been restructured with specific tiered thresholds: users earn 1% baseline cash back, 2% if they spend at least $250 in a month, and 5% if they spend at least $1,500 in a month. Rewards are only applied to qualifying transactions with 'Bundle merchants' and exclude cash advances, gambling, wire transfers, cryptocurrency purchases, and certain financial institution transactions. If you return a purchase or receive a refund after earning cash back, Venmo states it may debit or withhold rewards to offset the amount. You must close your account before any changes become effective if you do not wish to be bound by them.
View change record →The removal of this data-sharing transparency provision may reduce user visibility into how their information is shared with PayPal affiliates and third parties.
View full change record →Under this provision, personal identifiers, bank account information, and transaction history may be shared with PayPal affiliates and third-party service providers including marketing partners; users in California have rights under the CCPA to request disclosure of the specific categories of personal information shared and to opt out of sharing for cross-context behavioral advertising purposes.
How other platforms handle this
To support us in providing, integrating, promoting, and improving the Services, we may share personal information within our corporate family of companies that are related by common ownership or control.
we may share data between our affiliates for the safety and security of our users and may take necessary actions if we believe you have violated these Terms, including banning you from our Services and/or our affiliates' services...
we may use, retain or share information with law enforcement or others in circumstances where a person's vital interests require protection, such as in the case of emergencies.
"When you use the Venmo services, we share your information with other companies in the PayPal family of companies to help operate our services, prevent fraud, and offer you products and services. We also share your information with service providers that help us operate the Venmo services, including companies that assist with identity verification, payment processing, fraud prevention, customer service, and marketing.Excerpt from Venmo's User Agreement
1) REGULATORY LANDSCAPE: Data sharing practices described in this provision interact with the Gramm-Leach-Bliley Act (GLBA), which requires financial institutions to provide privacy notices and opt-out rights for sharing with non-affiliated third parties.
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The agreement authorizes sharing of user data, including financial transaction history, bank account identifiers, and personal identifiers, across the PayPal corporate family and with third-party vendors, which extends the effective data environment beyond Venmo itself.
Under this provision, personal identifiers, bank account information, and transaction history may be shared with PayPal affiliates and third-party service providers including marketing partners; users in California have rights under the CCPA to request disclosure of the specific categories of personal information shared and to opt out of sharing for cross-context behavioral advertising purposes.
ConductAtlas has identified this type of provision across 288 platforms. See the full comparison.
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