Venmo
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| Basic information | |
|---|---|
| Founded | 2009 |
| Legal Structure | Subsidiary |
| Industry | Financial Technology |
| Also known as | |
| Official website | https://venmo.com/ |
Venmo is an American mobile payment service aimed at users who wish to split their bills. It is owned by Paypal.[1]
Consumer impact summary
[edit | edit source]
Incidents
[edit | edit source]Transactions shared publicly by default (2018—2026)
[edit | edit source]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."[2] 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.[3][4]
In May 2026, Venmo changed the privacy setting to default to "friends only" for new users.[5][6][7]
See also
[edit | edit source]References
[edit | edit source]- ↑ "Hi. We're Venmo". Venmo. Archived from the original on 17 Mar 2025. Retrieved 15 Sep 2026.
- ↑ Paul, Kari (22 Jul 2018). "The scary reasons you should make your Venmo account private". MarketWatch. Archived from the original on 23 Oct 2025. Retrieved 15 Sep 2026.
- ↑ Cole, Samantha (28 Aug 2019). "Venmo Is Still Exposing Your Connections to Everyone You Know". Vice. Archived from the original on 16 Dec 2025. Retrieved 15 Sep 2026.
- ↑ Salmon, Dan (26 Jun 2019). "I Scraped Millions of Venmo Payments. Your Data Is at Risk". Wired. Archived from the original on 16 Jan 2026. Retrieved 25 Mar 2025.
- ↑ "Venmo Privacy Overhaul 2026 Forces Friends-Only Payments by Default in Major App Redesign". The Eastern Herald. 13 May 2026. Archived from the original on 16 Sep 2026. Retrieved 15 Sep 2026.
- ↑ The App Alchemist (11 May 2026). "Venmo's Privacy Overhaul: A New Era for Digital Payments". Coders Blog. Archived from the original on 16 Sep 2026. Retrieved 15 Sep 2026.
- ↑ Notopoulos, Katie (12 May 2026). "Venmo's privacy settings are a dumpster fire". Business Insider. Archived from the original on 16 Sep 2026. Retrieved 15 Sep 2026.