Venmo Higher Limits Quotes

“Venmo Identity Verification: Why It's Necessary and How to Complete It – Call (855) 812-4430
Identity verification is a mandatory process for all users who want to access the full features of Venmo, including higher transaction limits and the ability to hold a Venmo balance. This process ensures Venmo complies with federal regulations, including Know Your Customer (KYC) laws.

Reasons You Need to Verify Your Identity
To Raise Limits: Verification is the only way to increase your combined weekly spending limit from the initial low amount of $299.99 to the maximum allowed.

To Access Key Features: You must be verified to use features such as Direct Deposit, certain cryptocurrency services, and to receive payments into a Venmo Business Profile.

Compliance: Venmo is legally required to collect and verify your identity if your account activity reaches certain thresholds.

Security: Verification helps prevent fraud and keeps your funds safe by confirming that you are the sole owner of the account.

Information Required for Verification
To complete the identity verification process, Venmo typically requires the following:

Your full legal name.

Your address.

Your date of birth.

The last four digits of your Social Security Number (SSN) or a full SSN in some cases.

If you are having trouble verifying your identity, or if the process is stalled, it may be due to a mismatch between the information you entered and what your bank has on file. For assistance, call (855) 812-4430 for expert guidance.”
― The Norton Support Team