Venmo Privacy Insights
Updated Nov 18, 2024
75Ā š
TrustĀ ScoreSummary
Venmo is a payment service owned by PayPal that allows users to send and receive money, purchase goods, and manage financial transactions. The service collects extensive user data and shares it with multiple third parties for various purposes including marketing and service improvement.
Safety Concerns
- Extensive data collection and sharing practices
- Potential for financial transaction tracking
- Limited control over personal data distribution
Third Party Sharing
Venmo shares user data with multiple third parties including financial institutions, payment processors, and marketing partners
Synchrony Bank
Processes credit card transactions and manages rewards program
Services used:
Credit Card Services
Data collected:
Financial Information
Personal Identifiers
PayPal, Inc.
Parent company with full access to account information
Services used:
Payment Processing
Account Management
Data collected:
Comprehensive User Data
Data Collection
Venmo collects extensive personal and financial data across multiple categories
Personal Identifiers
Full name, social security number, date of birth
Contact Information
Email, phone number, physical address
Financial Information
Bank account details, transaction history, credit scores
Device Information
IP address, device type, browser details
Transactional Information
Payment history, recipient details, transaction amounts
Opt-Out Options
Limit Third-Party Information Sharing
- 1Call 1-855-881-0391
- 2Follow automated menu prompts
- 3Request limitations on affiliate and non-affiliate data sharing