Venmo
Venmo transactions have social features with privacy controls
Payments can be visible to your friends network unless you adjust privacy settings. Who you paid and for what can be seen by others.
Venmo is owned and operated by PayPal
Use both services? Same company. PayPal knows your business transactions, Venmo knows your social ones. Shared ownership, shared data policies.
Venmo can reverse transactions after completion
Someone pays you, you spend it, Venmo can reverse it. The sender disputed it with their bank, and now you're out the money.
Personal accounts cannot be used for business transactions
Using Venmo personal account for business without proper authorization violates their terms. You need a business profile or buyers must mark payments as goods/services.
Transaction history is public by default
Everyone can see you paid 'Tony' $60 at 2 AM. Hope that was for pizza and not something you'd prefer your mom didn't know about.
Terms & Conditions Facts
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