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I was always under the impression that it was against the TOS to use Venmo for business transactions. Looks like I was right unless there's some sort of separa

by astura 7y ago

I was always under the impression that it was against the TOS to use Venmo for business transactions. Looks like I was right unless there's some sort of separate business account https://help.venmo.com/hc/en-us/articles/217532097-Can-I-use-Venmo-to-buy-or-sell-merchandise-goods-or-services- https://help.venmo.com/hc/en-us/articles/217532097-Can-I-use... >Venmo may NOT otherwise be used to receive business, commercial or merchant transactions, meaning you CANNOT use Venmo to accept payment from (or send payment to) another user for a good or service.

scurvy 7y ago
Then about 99% of the transactions on their platform are in violation of their own ToS. If someone pays for a joint meal, then you venmo your half, you're paying for a good or service. I'm guessing they have that in there to try and get around some KYC or due diligence requirements? Or is this another Paypal-style tactic so they can shutdown people's accounts for ToS violations and confiscate their monies? Yes, that's probably it.