Venmo

You are agreeing to allow the company to update these terms and have them apply to you automatically.

“If the revised version requires notice in accordance with applicable law, we will provide you with 30 days prior notice... otherwise the revised Privacy Statement will be effective as of the published effective date.”

What that means: You are bound by new privacy rules without knowing about them or having a say.

Venmo can update its privacy rules at any time. If the changes do not legally require specific notice, they take effect immediately when posted, meaning you have no chance to review or reject them.

You are agreeing to indefinite retention of your data for operational and legal purposes.

“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... unless we need to keep it longer, such as... litigation, investigations, audit, and compliance practices.”

What that means: Your personal and financial history remains in their systems long after you stop using the app.

Venmo keeps your data for ten years after you leave, plus longer if needed for vague reasons like audits or legal claims, rather than deleting it when you cancel.

You are agreeing to provide face scan and location data for security features.

“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 physical appearance data and real-time location are collected and stored.

Venmo collects sensitive biometric data (face scans) and precise geolocation coordinates, which are highly sensitive identifiers beyond standard contact info.

You are agreeing to the creation and storage of behavioral profiles based on your activity.

“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: Your digital identity and habits are mapped and stored for internal use and potential sharing.

The company creates detailed profiles of your behavior and preferences by analyzing all the data it collects, including device and transaction activity.

You are agreeing to wide disclosure of your data to affiliates and business partners.

“Venmo does not sell or share your Personal Information, including any Sensitive Personal Information.”

What that means: Your data is not sold directly, but it is shared widely with partners and affiliates.

While the California section explicitly denies selling data, the general policy allows broad sharing with affiliates and third parties for business purposes, which functions similarly under some definitions but is technically distinct here.

You are agreeing to the collection of data from teen users under adult supervision.

“The Services are not directed to children under the age of 13... In this section we explain how we handle your data if you use a Venmo Teen Account... authorized individual between the ages of 13 and 17 years old.”

What that means: Users aged 13-17 can use the service with an account holder overseeing them.

The document explicitly prohibits children under 13 but has a specific section for teens aged 13-17, meaning it accommodates minors above that threshold.