How To Do Venmo Identity Verification: The Guide
Managing your finances with the Venmo app is efficient and quick.
Making payments, receiving money, and paying for a service is elementary in this mobile app.
However, in order to continue using your Venmo balance, it is fundamental to complete a customer identification program.
What’s more, the company openly asks users to complete the identity verification process so they can go back to using this payment app without a problem.
So, have you received an email from this payment platform asking you to verify your identity?
If so, do not despair - you’ve arrived at the right place.
- What is Venmo identity verification;
- How to properly verify your identity on Venmo;
- Reasons to complete the verification process in your Venmo account.
What is Venmo Identity Verification?
Venmo is a personal finance payment app.
You, and other Venmo users, are aware of that - whenever there’s money involved, the federal law asks each company to provide additional information from their users.
On top of that, all the information must be up to date, and it’s not optional for you and other users to provide it - it’s mandatory.
Of course you could just skip it, but you won’t be able to use Venmo properly again.
So, if you want to continue using the Venmo mobile app, verify your identity - it won’t take you more than just a few minutes.
Why Should You Verify Your Identity on Venmo?
We get it - not every single user will like the idea of providing sensitive information to a company.
Well, the truth is that if you want to use the Venmo app on your phone without problems, then confirming your identity is the best path to follow.
As it happens in other financial apps, such as PayPal, the process to verify your account will unlock many valuable features for the user, such as the ability to transfer money with their Venmo balance.
You can learn more about PayPal and Venmo security policies by clicking the following links: Venmo Security ToS and PayPal-Venmo payments.
1. Link a Credit Card or a Bank Account
Do you want to send money or Add Money to Venmo using a linked card on your phone?
Or perhaps you want to receive money in your personal bank account?
Most people use Venmo to transfer money on a weekly basis.
Well, you need to verify your identity!
Otherwise, users of the Venmo app will have significant limitations of these features if they fail to complete the identification process.
2. Get Rid of Venmo Limits
Using Venmo to pay for services is a classic.
Nonetheless, the payments you make have a weekly limit in the Venmo app.
So, in order to get rid of these limits on your payments and transactions once and for all, verify your identity! You can learn more about Venmo Limits here.
3. Users that Verify Their Identity Help Against Fraudulent Accounts
Preventing identity crimes is one of Venmo’s main concerns.
Sadly, there’s always a risk related to these kinds of operations, which creates the need to build a more secure environment for all the users.
Hence, in order to reduce this risk, you need to confirm your identity whenever you have a chance.
How to do Venmo Identity Verification
Now that you comprehend the importance of verifying your Venmo account, now it’s time to know how to do it.
Step 1: Log In to Your Venmo Account
First, log in to your account in the mobile app.
You need to start a verification request, so, as you might guess, it’s crucial to have all your documents within your reach.
Step 2: Go to Settings and then “Identity Authentication”
Tap on “Settings,” scroll down to “Security,” and then go to the Identity Authentication option.
You are about to start the most important step, but worry not - it will take you just a couple of minutes.
Step 3: Provide Your Personal Information and Documents
Venmo will ask you for the following information and documentation:
- Your full legal name;
- Date of birth;
- Home address;
- A government-issued ID (it can be your passport or driver’s license too);
- Individual taxpayer identification number or social security number (it’s a must);
- Confirm your phone number and email address once again.
Submit the documents correctly, and you’ll need to wait for an answer.
How Long Will It Take to Verify Your Identity on Venmo?
The identification process should take a few minutes.
Hence, it should all be ready the very same day.
However, this time period can extend up to 3 business days in case your information doesn’t match with the one available on the National Database.
And that’s it - if you submitted everything correctly, just be patient and wait for a while.
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Venmo Identity Verification FAQ
Is Venmo Identity Verification Safe?
Federal laws are the reason why Venmo must conduct the verification process.
Your information won’t be compromised, so don’t worry - verifying your account is safe.
What if I Don’t Have a Social Security Number?
If you don’t have a social security number, then you won’t be able to complete verification successfully.
It’s mandatory to have one in order to use Venmo properly.
Steve specializes in cryptocurrency and finance. As a born researcher, he won’t leave any stone unturned when it comes to topics he covers.