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
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If a payment is not successfully processed, due to expiration, insufficient funds, or otherwise, you remain responsible for any uncollected amounts and authorize us to continue billing the Payment Method, as it may be updated.
You also authorize us to retry any failed authorizations. We may use data provided to us by our partners to determine when to schedule such retries.
your credit card or other payment information is collected and processed by our third-party payment processors...the payment information that you provide through the Services is transmitted directly to our payment processor.
"If your selected payment method cannot be charged, you authorize us to charge the relevant backup payment method linked to your Venmo account.Excerpt from Venmo's User Agreement
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The clause states: “If your selected payment method cannot be charged, you authorize us to charge the relevant backup payment method linked to your Venmo account.”
ConductAtlas has identified this type of provision across 230 platforms. See the full comparison.
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