How to opt out of Venmo’s new arbitration clause
by Barbara Krasnoff from The Verge - All Posts on (#5YHPD)
Image: Venmo If you use the Venmo app, you probably recently received an email explaining that the company is making changes to its user agreement - including a fairly onerous arbitration clause that, among other things, has you agree that you will not become part of any kind of class action suit. You can opt out of it, but it's not easy.
We'll tell you how you can opt out - but first, a little info about arbitration clauses.
Arbitration clauses have become extremely popular in agreements between companies and consumers. (For example, here's a 2019 article explaining how to opt out of the arbitration clause that emerged when Apple added a credit card.) It's not surprising. When you agree to arbitration, you are basically putting most of the...