PayPal may update your card details from third-party sources unless you remove the card
You should keep payment method information (such as card number and expiration date) current. If it changes, PayPal may update it using information and third-party sources available to it, without any action by you, and keeps your preference settings for that payment method. If you do not want automatic card updates, your option is to remove the payment method from your Venmo account.
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If this information changes, we may update it using information and third-party sources available to us without any action on your part.
If you do not want us to update your card information, you may remove your payment method from your Venmo account.
If we update your payment method, we will keep any preference setting attached to such payment method.
Qualifications & exceptions
The only stated way to avoid automatic updates is removing the payment method.
Data Access & Collection · Restriction or exception
Identity verification is required before you can hold a balance and spend money sent to you
To hold a Venmo balance and use money sent to you for payments to other users or authorized merchants, PayPal must verify your required identifying information. For a personal account or a business profile of an unincorporated business or sole proprietorship, that is name, physical address, date of birth, and Social Security or taxpayer identification number. For a business profile of any other business legal entity, it is business name, business address, taxpayer identification number and proof of business existence.
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To hold a Venmo balance and use money sent to you for Venmo payments to other users or authorized merchants, we must verify the required identifying information you provide to us.
For a personal account or a business profile of an unincorporated business/sole proprietorship: name, physical address, date of birth, and social security or taxpayer identification number; or
For a business profile of any other type of business legal entity: business name, business address, taxpayer identification number, and proof of business existence.
Data Access & Collection · Permission or license
A business profile authorizes identity checks, including personal or business credit reports
By creating a business profile you authorize PayPal, directly or through third parties, to make any inquiries it considers necessary to verify your identity or your business's status, which may include ordering a personal and/or business credit report from a credit reporting agency or checking your information against third-party databases or other sources.
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By creating a business profile, you authorize us, directly or through third parties, to make any inquiries we consider necessary to verify your identity or the status of your business.
This may include ordering a personal and/or business credit report from a credit reporting agency or verifying your or your business’s information against third party databases or other sources.
Data Access & Collection · Permission or license
Opening a Teen Account involves collecting your ID details and the teen's personal data
Your account must be in good standing to create a Teen Account. PayPal may ask for your name, date of birth, last four SSN digits and address, and for the Teen User's name, date of birth, mailing address, phone number and email. You authorize collection and use of the Teen User's data to set up the Teen Account and provide Venmo services to you and the teen.
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To create a Teen Account, your Venmo account must be in good standing.
We may ask you for information to help verify your identity, including your name, date of birth, the last four digits of your Social Security number, and your address.
We may also ask for information about the Teen User including name, date of birth, mailing address, phone number, and email address.
You authorize the collection and use of the Teen User data to establish the Teen Account and provide the Venmo services to you and the Teen User.
Data Access & Collection · Company practice
Calls with Venmo may be monitored or recorded without further notice
To the extent law permits, PayPal may, without further notice, monitor or record phone calls that you or anyone acting for you has with it or its agents about your account, for quality control, training or its own protection. Not all calls are recorded, and PayPal does not guarantee any recording will be kept or retrievable.
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we may, without further notice or warning, monitor or record telephone conversations you or anyone acting on your behalf regarding your Venmo account has with us or our agents for quality control and training purposes or for our own protection
we do not guarantee that recordings of any particular telephone calls will be retained or retrievable
Data Access & Collection · Permission or license
PayPal may verify your or your teen's identity, including credit reports and ID documents
You authorize PayPal, directly or through third parties, to make any inquiries it considers necessary to verify your or a Teen User's identity, which may include asking for date of birth, SSN or TIN, physical address and other identifying information; requiring steps to confirm ownership of an email, phone number or financial instrument; ordering a credit report or checking third-party databases; or requiring a driver's license or other ID documents.
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Identity authentication
You authorize us, directly or through third parties, to make any inquiries we consider necessary to verify your (or a Teen User’s) identity.
asking for further information, such as date of birth, a social security or taxpayer identification number, physical address and other information that will allow us to reasonably identify you or a Teen User;
requiring steps to confirm ownership of an email address, phone number or financial instrument;
ordering a credit report from a credit reporting agency, or verifying your information against third party databases or through other sources; or
requiring you (or a Teen User) to provide a driver’s license or other identifying documents.