The grey area in which Venmo is complying with its user agreement comes at a time when the company is changing dramatically. In September, the company announced that retailers such as Williams-Sonoma would accept Venmo as payment for purchases. In June, the company announced beta testing of a debit card. Venmo, PayPal`s mobile payment service, makes it easy for people to refund a drink or coffee to their friends. But the company also makes it easy to freeze accounts and throw anyone out of the platform if they violate something in the company`s 27-side user agreement. The problem at the moment is that PayPal and Venmo are beyond mainstream. They are so ubiquitous that excluding both can mean being excluded from the social digital economy due to an offence committed with only one. We are still far from real digital money and the consolidation of two of the most popular services only helps their parent company, not the users. If you use the Venmo Services on an Apple device, you acknowledge and agree that Apple and Apple`s subsidiaries are third-party beneficiaries of this Agreement and that Apple has the right (and is deemed to have accepted the right) to enforce this Agreement against you as a third-party beneficiary. These rights may also be conferred on other mobile phone manufacturers and operating systems participating in the Venmo Services. 1. Go to venmo.com/addfunds, preferably on a computer, and log in to your Venmo account. This User Agreement and each of its parts attest to a transaction covering intergovernmental commerce, and the United States Arbitration Act applies in all cases and governs the interpretation and application of arbitration rules and arbitration proceedings.
There are only two exceptions to this arbitration agreement. First, if we fundamentally believe that you have in any way infringed our intellectual property rights or threatened to do so, we may seek from any competent court for requests for omission or other appropriate remedies. Second, any claim of $500 or less may be settled at the option of the party in a small claims court in New York, New York, if the claim and the parties fall within the jurisdiction of the Small Claims Court. For these two exceptions, you agree to submit to the personal jurisdiction of the courts of New York, New York, to deal with such claims or disputes. They took the lead and sent a lot of emails to customer support, but they always came back and said “no way” to unlock their account because they really thought it might violate the terms of service. My friend and I have planned a vacation. I paid for the rent and she paid me (1st user) with venmo. Once I have transferred the balance to the account. My account was frozen for violating the directive. what a directive???? You must compensate PayPal for any act related to your Venmo account and your use of the Venmo Services.
You agree to defend, hold harmless and indemnify PayPal from any claim or claim (including reasonable attorneys` fees) that, due to or due to your violation of this User Agreement, the misuse of Venmo`s services, your violation of any law or the rights of a third party and/or the acts or omissions of third parties to whom you grant permission to use your Venmo, 1995. our sites, software, systems (including any networks and servers used to provide the Venmo Services) operated by us or on our behalf, or access or access any of the Venmo Services on your behalf. . . .