The agreement assigns full legal responsibility for all Teen Account activity to the primary account holder, and states that all funds in a Teen Account are legally owned by the primary account holder rather than the Teen User.
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
This provision establishes that the adult primary account holder bears full contractual liability for Teen User transactions, including payments for goods and services, direct deposits to Teen Accounts, and any policy violations by the Teen User. The agreement also asserts that funds deposited into a Teen Account via direct deposit, including paychecks, are owned by the primary account holder.
Interpretive note: Enforceability of the paycheck ownership assignment to the primary account holder may vary by jurisdiction depending on state minor wage protection statutes.
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 →This new provision establishes that account holders are fully liable for all activity by teen users on linked teen accounts, shifting responsibility to the adult account owner.
View full change record →Under these terms, the primary account holder is liable for all Teen User activity including unauthorized transactions, policy violations, and any financial losses resulting from Teen Account use. The agreement also states that teen paychecks received via direct deposit into a Teen Account are legally owned by the primary account holder.
Cross-platform context
See how other platforms handle Teen Account Ownership and Liability Assignment and similar clauses.
Compare across platforms →"Any activity conducted by a Teen User in connection with the Teen Account or the Venmo services is treated as your activity under this user agreement, and you will be responsible for all such activity. When we refer generally to 'your Venmo account' that includes your personal account and any Teen Account you have opened (whereas references to your 'personal account' do not include any linked Teen Account). References to any 'balance' or 'funds' in your Venmo account includes funds held in any associated Teen Account, which you agree are owned by you.Excerpt from Venmo's User Agreement
(1) REGULATORY LANDSCAPE: Teen Account provisions engage COPPA to the extent any data is collected from users under 13, though the agreement limits Teen Accounts to users aged 13-17.
Enforcement risk, jurisdiction flags, contract triggers, and due diligence action items.
Get the research letter
Companies change their terms quietly. We read every version and catch what actually changed. One email a week on the changes that matter and what they mean.
This provision establishes that the adult primary account holder bears full contractual liability for Teen User transactions, including payments for goods and services, direct deposits to Teen Accounts, and any policy violations by the Teen User. The agreement also asserts that funds deposited into a Teen Account via direct deposit, including paychecks, are owned by the primary account holder.
Under these terms, the primary account holder is liable for all Teen User activity including unauthorized transactions, policy violations, and any financial losses resulting from Teen Account use. The agreement also states that teen paychecks received via direct deposit into a Teen Account are legally owned by the primary account holder.
No. ConductAtlas is an independent monitoring service. We are not affiliated with, endorsed by, or sponsored by Venmo.