General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 7 years ago, 05/11/2017
VENMO App changing policies?
I have used Venmo for about 8 months for one tenant with no problems. Another tenant started paying me using Venmo last month and shortly after I received their payment I received an email from Venmo stating:
"It looks like there have been some business payments made on your account - these types of payments are not allowed per our User Agreement. These can include payments for tickets, shoes, apparel, or any transaction made in exchange for goods or services with someone you don't personally know. You are free to continue using Venmo for personal transactions, but please be advised that your account may be subject to limits if additional business activity takes place."
Have any of you current Venmo users experienced this? Their payment service works great for me, but I'm worried if they cut me off I'll have to find another service which I'd rather not do.