Venmo

You are agreeing to let Venmo store your personal data for at least 10 years after you stop using the service.

“Personal Information used for the ongoing relationship between you and Venmo is stored for the duration of the relationship plus a period of 10 years”

What that means: Your personal and financial history remains on Venmo's servers for over a decade after you close your account.

Venmo keeps your data for 10 years after you stop being a customer. They also keep it longer if needed for laws, litigation, or audits. This means your data persists long after you think you have left their system.

You are agreeing to provide face scans for account authentication and fraud prevention.

“Biometric Information - when you consent in the user experience, we collect face scans to authenticate your account and manage fraud and risk.”

What that means: Your unique facial features are collected and stored by Venmo for security verification.

Venmo collects facial scan data (biometrics) to verify your identity. While they state they need consent, biometric data is highly sensitive permanent personal information.

You are agreeing to the collection of precise geolocation data via GPS and Wi-Fi.

“Geolocation Information - information that identifies with reasonable specificity your location by using... GPS, Wi-Fi, or cell site triangulation.”

What that means: Your precise physical location is tracked and stored by Venmo for security and risk management.

Venmo collects precise location data using GPS and triangulation for fraud and risk purposes. This allows them to track where you are physically located.

You are agreeing to accept future changes to this privacy statement, even if they are effective immediately.

“As the Services evolve we may occasionally update this Privacy Statement... otherwise the revised Privacy Statement will be effective as of the published effective date.”

What that means: Privacy rules can change at any time, and you may be bound by new terms without significant warning.

Venmo can update its privacy policy whenever it wants. If the law does not require a 30-day notice, the new terms take effect immediately upon publication. Continued use implies acceptance.

You are agreeing to Venmo creating detailed profiles and inferences about your behavior and characteristics.

“Inferences drawn from any of the information identified in this subdivision to create a profile about a consumer reflecting the consumer’s preferences, characteristics, predispositions, behavior, attitudes, and abilities.”

What that means: Venmo builds a deep psychological and behavioral profile of you based on your usage and data.

Venmo creates detailed profiles about you based on your activity. These inferences cover your behavior, attitudes, and abilities, allowing them to understand you beyond just transactions.

You are agreeing to the disclosure of your personal information to third parties for business purposes, though not for 'selling' under CCPA definitions.

“We do not sell or share your Personal Information, including any Sensitive Personal Information.”

What that means: They claim not to sell your data, but they share it widely with partners and merchants for processing and promotions.

The document explicitly states that they do not sell or share personal information for cross-context behavioral advertising under California law. However, they do share data extensively with affiliates and merchants for business purposes.