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 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 →How other platforms handle this
MyMcDonald's Rewards participants may receive rewards points for every dollar spent on qualifying purchases...Points may be accumulated and redeemed for purchases of eligible McDonald's products.
We reserve the right to hold the portion of payments that exceeds the maximum stated in the Payment Chart until you provide an alternate payment method.
Your Mercury accounts must be open and in good standing to receive cashback.
"Total cashback earned within a month is subject to the cap that is displayed to you in the enrollment process. Once the monthly cap is reached, no additional cashback rewards will be earned until the first day of the next calendar month.Excerpt from Venmo's User Agreement
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The clause states: “Total cashback earned within a month is subject to the cap that is displayed to you in the enrollment process. Once the monthly cap is reached, no additional cashback rewards will be earned until the first day of the next calendar month.”
ConductAtlas has identified this type of provision across 34 platforms. See the full comparison.
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