Venmo Purchase Protection Program?

[Sharkytrav]

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?

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

[Hellion360]

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.