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Venmo is an American mobile payment service aimed at users who wish to split their bills.
| Basic information | |
|---|---|
| Founded | 2009 |
| Legal structure | Subsidiary |
| Industry | Financial Services |
| Official website | https://venmo.com/ |
It is owned by Paypal:
We’re owned by PayPal, a global leader in digital payments. We’re proud to be part of the pack.
Controversies
Privacy Concerns
In a 2018 study, researchers looked at over 200 million public transactions and found that Venmo "shares an enormous quantity of private data about users' lives by default."[1] Venmo makes transactions visible on a public feed by default unless users choose to make them only visible to friends or just visible to the two parties involved in a transaction.[2][3]
References
- ↑ Paul, Kari (22 Jul 2018). "The scary reasons you should make your Venmo account private". MarketWatch. Retrieved 25 Mar 2025.
{{cite web}}: CS1 maint: url-status (link) - ↑ Cole, Samantha (28 Aug 2019). "Venmo Is Still Exposing Your Connections to Everyone You Know". Vice. Retrieved 25 Mar 2025.
{{cite web}}: CS1 maint: url-status (link) - ↑ Salmon, Dan (26 Jun 2019). "I Scraped Millions of Venmo Payments. Your Data Is at Risk". Wired. Retrieved 25 Mar 2025.
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