Venmo User Agreements

This use agreement will enter into force on November 11, 2020. PayPal is not a bank and does not receive deposits. You do not collect interest on PayPal funds. PayPal combines your PayPal funds with funds PayPal other user PayPal and invests those funds in liquid investments in accordance with the laws of the public money issuer. PayPal holds interest or other income from these investments. These amounts are separated from the funds of PayPal companies and PayPal will not use these funds for operating expenses or other commercial purposes and will not voluntarily make them available to its creditors in the event of bankruptcy. If you are a charitable organization and have a PayPal account, you can participate in PayPal programs. PayPal Giving Fund is a donation fund (DAF) recognized by the Internal Revenue Service (IRS), which is recognized as a public charity exempt from tax in accordance with Section 501 (c) (3) code (Bundessteuer-ID: 45-0931286). If you qualify for the Non-profit Certification Directive and are either a public charity under Section 509 (a) of the Code or a Private Operating Foundation in accordance with IRS rules, you may be automatically registered with PayPal Giving Fund if you accept this user agreement. You will receive an email from us confirming your registration. Your relationship with PayPal Giving Fund is subject to the non-profit user agreement, including receiving e-mail messages from PayPal Giving Fund about its current and future partners through its programs.

You can misormissed the communication by email at any time in your PayPal give the profile of the fund. If you do not wish to be registered or receive donations from PayPal Giving Fund, you can opt out at any time by contacting us. For more information, see PayPal financial fund policy. You should read and understand the PayPal purchase protection program, venmos Protected Purchase Program, and if you sell goods and services to buyers with PayPal accounts in countries other than your own, you should also be familiar with the purchase protection available to buyers in each of these countries.