Venmo terms change
Terms of Service change — September 30, 2026
The user agreement now includes a detailed mention of Venmo's crypto services, stating that they are provided by PayPal Digital, Inc., which is chartered as a limited purpose trust company. Additionally, the heading structure has been changed to include multiple agreements and disclosures.
What this means for you. Users should be aware that Venmo is now explicitly offering cryptocurrency services through a licensed entity.
What actually changed
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Changed. The heading structure has been expanded to include various agreements and disclosures related to Venmo's services.
Venmo Legal Agreements Privacy StatementUser AgreementVenmo Long Form DisclosureLicensesConsentCookiesHelpful InformationApproved Business Account AddendumMastercard Cardholder Agreement Venmo Mastercard Privacy PolicyCryptocurrency Terms & ConditionsUser Agreement Last Updated
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Added. Venmo now explicitly states that its cryptocurrency services are managed by a licensed entity.
Venmo's crypto services are provided by PayPal Digital, Inc. (doing business as Venmo Digital; NMLS ID #: 2610315).
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Added. This clause indicates that Venmo Digital is officially recognized to conduct virtual currency business, providing users with assurance of regulatory oversight.
Venmo Digital is chartered as a limited purpose trust company by the New York State Department of Financial Services to engage in virtual currency business.
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Added. The physical address of Venmo Digital is provided, which may be relevant for users seeking to understand the company's operations.
It is located at 117 Barrow St, New York, NY 10014.
The wording
Exact excerpts from the last snapshot compared with the new one.
Was Venmo Legal Agreements User Agreement Last Updated This user agreement is effective as of August 24, 2026.
Now Venmo Legal Agreements Privacy StatementUser AgreementVenmo Long Form DisclosureLicensesConsentCookiesHelpful InformationApproved Business Account AddendumMastercard Cardholder Agreement Venmo Mastercard Privacy PolicyCryptocurrency Terms & ConditionsOpen Source AttributionUser Agreement Last Updated This user agreement is effective as of August 24, 2026.
Added Venmo's crypto services are provided by PayPal Digital, Inc. (doing business as Venmo Digital; NMLS ID #: 2610315). Venmo Digital is chartered as a limited purpose trust company by the New York State Department of Financial Services to engage in virtual currency business. It is located at 117 Barrow St, New York, NY 10014.
Read the current source document
Automatically generated from a text diff. Not legal advice. Spot something wrong?