Social Security Number

Venmo is required to gather specific information from certain users. Check out this article to learn what we might ask for and why. 

Why is Venmo asking for my Social Security Number? 

Venmo is a money transfer business regulated by the United States Treasury Department. As such, we are obligated to collect certain information from our users to verify their identities.  

We may ask for your SSN to verify your identity if you try to do any of the following:

• Send $300 or more in one week (rolling 7-day period)
• Transfer $1000 or more to your bank in one week
• Create an organization account
• Process more than 200 transactions in a calendar year as a sole proprietor with a business profile