Venmo Purchase Protection Program?

Sharkytrav

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Join Date: Jul 2020

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#1

Venmo Purchase Protection Program?

01-05-2022, 11:19 AM

I just had a popup on Venmo ask me if I wanted to use their Purchase Protection Program.

Have y'all seen this? I tried reading the terms and they look roughly in line with what I think Paypal's terms are, but I'm no expert. Does this change anyone's mind about using Venmo for transactions? Are there notable differences between these terms and Paypals?

Send Gifts Online to Friends or Family | Venmo

https://venmo.com/legal/us-user-agreement/#venmo-purchase-program

Pick the perfect gift and wrap it up in the app. Or, send a personalized card that’s linked to a cash gift—all with Venmo.

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Hellion360

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Join Date: Jul 2020

Posts: 1695
#2

01-05-2022, 02:49 PM

It basically allows for transactions as goods and services.
Venmo is owned by paypal and if you use this option it is basically the same as g&s on paypal.

I haven't specifically checked the fees but I believe the rate is similar as well. Someone please respond to confirm if you use this service.

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