Venmo asks to confirm the identity using a National database and confirms by matching legal name, address, date of birth, and also SSN or ITIN.
If you have received a mail wherein they have asked you to verify your identity, you will have to click on the three lines and you must click on Settings and Identity verification.
How to confirm identity on Venmo?
Sometimes people change their name and address and that leads to a mismatch. In such circumstances, Venmo directly asks the user for providing appropriate documentation which confirms their name and address.
In case your identity could not be verified Venmo asks you for unexpired documents like the
- Driver’s license,
- Passport,
- Any ID issued by the US government,
- A DHS or a tribal ID card.
Is Venmo identity verification safe?
Yes, when Venmo asks to confirm the identity it is an absolutely safe process and will not lead to any breach of security on the user’s part.
How do I verify my Venmo account without SSN?
Without verifying the SSN Venmo cannot provide you a verified account. SSN needs to be provided for the Venmo account verification process.
Venmo asking for SSN is primarily for confirming your account and is required when,
- Users need to spend 300 dollars or more in one week.
- Transferring 1000 dollars or more within a week.
- When wanting to create a group account.
- Process more than 200 transactions per calendar year for your business.
Why is Venmo asking for my SSN?
Venmo confirms the identity via SSN to verify it. A verified account can have far more freedom than an unverified account.
Does Venmo confirm identity email 2021?
Once you’ve registered with your mail ID, you will get a verification mail wherein you’ll have to click on the verification link sent by Venmo.
Once you have clicked the link Venmo will confirm the creation of your account.
Additionally, whenever users are trying to send more or receive more money than permitted, users will be asked to verify their accounts which means users will have to incorporate their name, address, SSN. The department tries to quickly wrap up the verification process within 2-3 business days.
The Federal law instructs all money transaction platforms including Venmo to collect certain information about their users that have access to a certain balance. Hence, it is a part of their requirement process.
FAQ
Why is Venmo asking me to confirm my identity?
Whenever you’re trying to send more money like more than 300 dollars Venmo would ask you to verify your account, similarly, there are three other conditions mentioned above under which Venmo would ask you to verify your account.
Should I confirm my identity on Venmo?
Yes, if you are planning to send and receive more money or if you are using it for business where you’re doing more than 200 transactions every calendar year, then you must verify your account.
How long does it take for Venmo to verify your identity?
With Venmo verify identity if present in the National Register, then Venmo would confirm your account within 2-3 business days, and if you’re asked to provide your details in absence of your identity proof in the National database you would be asked to verify your account and identity and that might take a day or two.
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