If you’ve used Venmo anytime between January 1, 2018, and December 31, 2023, you might have some unexpected cash coming your way.
In May 2025, Venmo agreed to a $5.6 million settlement over claims it mishandled user privacy and failed to properly disclose how personal and transactional data was shared.
Let’s break down what happened, who’s eligible, how much you could get, and how to file your claim.
Background
Venmo’s privacy practices have been under scrutiny for years. Consumer advocates and regulators raised concerns about how the app’s default settings made transaction details public without clear user consent.
Combine that with vague disclosures about how data was shared, and it was only a matter of time before legal action followed.
Without admitting any wrongdoing, Venmo — now owned by PayPal Holdings Inc. — decided to settle the case to avoid a drawn-out legal battle.
This payout is meant to resolve claims tied to those earlier privacy practices while letting the company move forward with updated policies introduced after 2024.
Settlement Terms
So what’s in this for you? The settlement covers U.S. Venmo users with active accounts between 2018 and 2023 who made transactions through the platform. If that’s you, you could be entitled to a payment ranging from an estimated $10 to $50, depending on how many people file claims.
Here’s a quick look at the key details:
| Aspect | Details |
|---|---|
| Total Settlement | $5.6 million |
| Eligibility Period | Jan 1, 2018 – Dec 31, 2023 |
| Claims Involved | Privacy violations, unauthorized disclosures |
| Estimated Payout | $10 – $50 (or more, depending on claims) |
| Claim Deadline | August 15, 2025 |
| Final Approval Date | September 30, 2025 |
Claim Process
If you’re eligible, you’ll need to submit a claim form to receive your payment. Most users will be notified via email or regular mail. However, to be safe, visit the official settlement website for updates and the claim form link.
Payouts could be made by:
- Venmo credit
- Direct deposit
- Mailed check
You’ll select your preferred method when you submit your claim.
Payout Amount
Wondering how much you’ll actually get? It depends. If only a small percentage of eligible users file, payouts could top $50. If millions jump in, the amount could drop. Remember, courts sometimes adjust payout structures after deducting legal and administrative fees.
That’s why it’s smart to file your claim early. Historically, fintech settlements like this often see a low participation rate — which could mean a higher individual payout for those who do claim.
What To Do Next
Here’s a simple checklist to follow:
- Check your eligibility — Did you use Venmo between 2018 and 2023?
- Watch for notifications — Email or mail from the settlement administrator.
- Visit the official settlement site — Confirm your eligibility and file your claim.
- Submit your claim before August 15, 2025 — Don’t miss out.
- Stay cautious about scams — Only use the official settlement portal.
Also, now’s a great time to review your privacy settings on Venmo and other apps. Make sure you know what data is shared and how to control it.
Venmo’s case is just one example of how digital privacy issues are being taken seriously, and users are starting to see real accountability from fintech companies.
As privacy laws tighten and public awareness grows, you can expect more of these cases in the years ahead.
Significant
Venmo’s $5.6 million privacy settlement isn’t just a payout — it’s a wake-up call for both users and financial tech platforms. If you used Venmo from 2018 to 2023, don’t leave your money on the table.
Check your eligibility, file your claim, and stay vigilant about your online privacy moving forward.
FAQs
Who is eligible for the Venmo settlement?
U.S. users with accounts from Jan 2018 to Dec 2023 who made transactions.
How much money could I get from the Venmo settlement?
Estimated between $10 and $50 per eligible user, depending on claims filed.
When is the deadline to file a claim?
August 15, 2025, is the final date to submit your claim form.
Where do I file my Venmo settlement claim?
At the official Venmo settlement website (check official notices for the link).
Is this Venmo settlement a scam?
No — it’s a legitimate class action settlement. Avoid unofficial links.
