Licenses

PayPal State Licenses

Venmo is a service of PayPal, Inc., a licensed provider of money transfer services. All money transmission is provided by PayPal, Inc. pursuant to PayPal, Inc.’s licenses. PayPal, Inc. is licensed in the following jurisdictions:

Jurisdiction
Alabama
Alabama Securities Commission
Alaska*
Alaska Department of Commerce, Community, and Economic Development*Please note that this license does not cover the transmission of virtual currency.
Alaska
Alaska Department of Commerce
Arizona
Arizona State Banking Department
Arkansas
Arkansas Securities Department
California
Colorado
Connecticut
Connecticut Department of Banking
Delaware
Delaware Office of the State Bank Commissioner
District of Columbia
District of Columbia Department of Consumer and Regulatory Affairs
Florida
Georgia
Department of Banking and Finance
Guam
Guam Department of Revenue and Taxation
Hawaii
Hawaii Division of Financial Institutions
Idaho
Idaho Department of Finance
Illinois
Indiana*
Indiana Department of Financial Institutions*PayPal, Inc. holds a Money Transmitter license issued by the Indiana Department of Financial Institutions. This license does not cover virtual currency transactions.
Iowa
Iowa Division of Banking
Kansas
Office of the State Bank Commissioner
Kentucky
Office of Financial Institutions
Louisiana
Louisiana Office of Financial Institutions
Maine
Maine Office of Consumer and Credit Regulation
Maryland
Massachusetts
Commonwealth of Massachusetts, Division of Banks and Loan Agencies
Michigan
Michigan Office of Financial and Insurance Regulation
Minnesota
Minnesota Department of Commerce
Mississippi
Department of Banking and Consumer Finance
Missouri
Missouri Division of Finance
Montana
Department of Administration
Nebraska
Nebraska Department of Banking and Finance
Nevada
Department of Business And Industry
New Hampshire
New Hampshire Banking Department
New Jersey
New Jersey Department of Banking and Insurance
New York
North Carolina
North Carolina Banking Commission
North Dakota
North Dakota Department of Financial Institutions
Ohio
Ohio Department of Commerce
Oklahoma
Oklahoma Banking Department
Oregon
Oregon Department of Insurance and Finance
Pennsylvania
Pennsylvania Department of Banking
Puerto Rico
Puerto Rico Bureau of Financial Institutions
Rhode Island
Rhode Island Division of Banking
South Carolina
South Carolina Office of the Attorney General
South Dakota
South Dakota Division of Banking
Tennessee
Department of Financial Institutions
Texas*
U.S. Virgin Islands*
U.S. Virgin Islands Division of Banking and Insurance*Please note that this license does not cover the transmission of virtual currency.
Utah
Utah Department of Financial Institutions
Vermont
Vermont Department of Banking, Insurance, Securities and Health Care Administration
Virginia
Virginia Bureau of Financial Institutions
Washington
Washington Department of Financial Institutions
West Virginia
West Virginia Division of Banking
Wisconsin
Wisconsin Department of Financial Institutions
Wyoming
Wyoming Department of Audit, Division of Banking

For Alaska Residents Only:

If your issue is unresolved by Venmo, (855) 812-4430, please submit formal complaints with the State of Alaska, Division of Banking & Securities.Formal complaints must be in writing, please download the form here:https://www.commerce.alaska.gov/web/portals/3/pub/DBSGeneralComplaintFormupdated.pdfFormal complaint forms may be submitted via:
  1. Fax: 907-465-1230
  2. Email: msb_licensing@alaska.gov
  3. Mail: Division of Banking & Securities PO Box 110807 Juneau, AK 99811-0807
If you have questions regarding formal complaints, please call 907-465-2521*A special note for Texas residents only:After first contacting Venmo, if you are a Texas resident and still have an unresolved complaint regarding the company’s money transmission or currency exchange activity, please direct your complaint to: Texas Department of Banking, 2601 North Lamar Boulevard, Austin, Texas 78705, 1-877-276-5554 (toll free), www.dob.texas.gov
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