Venmo terms change
Terms of Service change — October 1, 2026
A new clause has been added regarding Venmo's crypto services, specifying that they are provided by PayPal Digital, Inc. and detailing its charter and location.
What this means for you. Users should be aware that Venmo's crypto services are managed by a specific entity and are subject to regulatory oversight.
What actually changed
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Added. Venmo's cryptocurrency services are now explicitly linked to PayPal Digital, indicating a specific provider.
Venmo's crypto services are provided by PayPal Digital, Inc. (doing business as Venmo Digital; NMLS ID #: 2610315).
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Added. The new clause states that Venmo Digital is officially recognized to conduct virtual currency business, adding a layer of legitimacy.
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 regulatory or contact purposes.
It is located at 117 Barrow St, New York, NY 10014.
The wording
Exact excerpts from the last snapshot compared with the new one.
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?