Payments sent to another Venmo user via the Venmo app or Venmo website are not considered payments to a licensed dealer. If you are charged using the Venmo app or Venmo`s website, it is also not a payment to a licensed dealer. With the exception of transactions involving goods and services expressly approved by Venmo, for example. B Purchase of authorized resellers, commercial profiles and debit card purchases, you are not allowed to use Venmo as a payment method for the purchase of goods and services. There is also a big problem when your “agreement” requires 60 pages of reading. Now you are part of the digital economy of the United States. You can create a good customer base, view reviews and buy a domain name for your business. (It`s hard to buy a domain name with cash.) If everyone pulls out their credit card at dinner, you can just say, “I`m going to make you a poison.” Venmo likes to have you as a customer and you never make any booking returns. You are now invited to register for your mastercard. This is great for you, because now you can get money from a distributor. But you should read this user agreement carefully (note: it is only available in English). Because they refuse you the Venmo debit card, they also take your Venmo account, your PayPal account and all the money in both.

You can terminate a billing agreement by contacting the authorized dealer directly by separating the dealer from your “Connected Resellers” page in the Venmo app or by calling Venmo at (855) 812-4430. You can cancel a pre-authorized payment up to 3 business days before the date of the next scheduled payment. If you terminate a settlement agreement, you can continue to pay the dealer`s money for the purchase or make additional obligations to the merchant for goods or services that you have received but have not paid for. Under the new usage agreement – to which you must agree to access money that is already in your account – Venmo can “deduct all amounts you owe us to other accounts you have PayPal.” This means you can take your De Venmo credit if you have to PayPal money. This could mean that if you are involved in an eBay purchase that gets furious on PayPal, it could affect your ability to refund a friend for dinner. The new user agreement allows for arbitration for users with terminated accounts. “I would wonder what a company would do if someone demanded arbitration on a $200 account,” Khoury said. “They would probably write a check. The user could then pay a check case and get his money back. But there`s a way. For example, you can`t use Venmo if you`re under 18 (sorry, kids). And several Venmo users told BuzzFeed News that the company had blocked its accounts and kept its money after writing stupid captions to friends or trying to sell something to a friend, such as a used computer.

Please read carefully all the terms of this user agreement, the terms of these guidelines and other agreements applicable to you. Sargent sold an old computer to a friend in January for $450, he told BuzzFeed News. Hours after the Venmo transaction, Sargent received an email from the company telling him that his account had been suspended “due to recent activities that appear to be a violation of our user agreement,” according to a closely evaluated BuzzFeed News email. The e-mail did not explain the terms he had violated, only that he had to submit an identification to verify that he was the rightful owner of the account. If your payment is financed by a debit or credit card and PayPal deems it necessary to convert currencies, you accept and authorize PayPal to convert the currency instead of your debit or credit card issuer. You may have the right for your card issuer to make the currency conversion, if this applies to the card issuer and the network. The choice of monetary preferences can be presented to you in various forms, including a selection of the currency used