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
How other platforms handle this
we may request additional information to validate your business, such as photos of your store or your company's social media profiles. In some cases, we may request information such as your tax identifier or other government issued numbers...
Gumroad reserves the right, but has no obligation, to request additional information from Buyers or Suppliers to verify identity in order to safeguard the integrity of the Platform and reduce the risk of fraud
You must provide accurate and complete information to register for an account to use our Services.
"To hold a Venmo balance and use money sent to you for Venmo payments to other users or authorized merchants, we must verify the required identifying information you provide to us.Excerpt from Venmo's User Agreement
Get the weekly coverage letter
Companies change their terms without announcing it. We capture governance documents, compare each new version with the last, and publish what changed, with the source text behind it. One email a week on what we found and what we could not reach.
The clause states: “To hold a Venmo balance and use money sent to you for Venmo payments to other users or authorized merchants, we must verify the required identifying information you provide to us.”
ConductAtlas has identified this type of provision across 258 platforms. See the full comparison.
No. ConductAtlas is an independent monitoring service. We are not affiliated with, endorsed by, or sponsored by Venmo.