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
Sale of Checks Act
Alabama Securities Commission
Alaska*
Alaska Money Services Act
Alaska Department of Commerce, Community, and Economic Development*Please note that this license does not cover the transmission of virtual currency.
Alaska
Business License Act
Alaska Department of Commerce
Arizona
Transmitters of Money Act
Arizona State Banking Department
Arkansas
Uniform Money Services Act
Arkansas Securities Department
California
Transmission of Money Abroad Law
California Department of Business Oversight
Colorado
Money Order Act
Colorado State Banking Commissioner
Connecticut
Money Order and Travelers Check Licensees Act
Connecticut Department of Banking
Delaware
The Sale of Checks Act
Delaware Office of the State Bank Commissioner
District of Columbia
Money Transmitter Law
District of Columbia Department of Consumer and Regulatory Affairs
Florida
Money Transmitters Code
Florida Office of the Controller
Georgia
Sale of Checks Act
Department of Banking and Finance
Guam
Foreign Exchange
Guam Department of Revenue and Taxation
Hawaii
Money Transmitters Act
Hawaii Division of Financial Institutions
Idaho
Money Transmitters Act
Idaho Department of Finance
Illinois
Transmitters of Money Act
Illinois Department of Financial Institutions
Indiana*
Money Transmitter Act
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
Money Services Act
Iowa Division of Banking
Kansas
Money Transmitters Act
Office of the State Bank Commissioner
Kentucky
Kentucky Money Transmitters Act of 2006
Office of Financial Institutions
Louisiana
Sale of Checks and Money Transmission Act
Louisiana Office of Financial Institutions
Maine
Money Transmitters Act
Maine Office of Consumer and Credit Regulation
Maryland
Maryland Money Transmitters Act
Maryland State Bank Commissioner
Massachusetts
Foreign Transmittal Agency
Commonwealth of Massachusetts, Division of Banks and Loan Agencies
Michigan
Money Transmission Services Act
Michigan Office of Financial and Insurance Regulation
Minnesota
Money Transmitters Act
Minnesota Department of Commerce
Mississippi
Sale of Checks Act
Department of Banking and Consumer Finance
Missouri
Sale of Checks Law
Missouri Division of Finance
Montana
Escrow Business License
Department of Administration
Nebraska
Sale of Checks Act
Nebraska Department of Banking and Finance
Nevada
Money Transmitter License
Department of Business And Industry
New Hampshire
Money Transmission Act
New Hampshire Banking Department
New Jersey
Money Transmitters Act
New Jersey Department of Banking and Insurance
New York
Money Transmitters Act
New York Department of Financial Services
North Carolina
Money Transmitters Act
North Carolina Banking Commission
North Dakota
Money Transmitters Act
North Dakota Department of Financial Institutions
Ohio
Transmitters of Money Law
Ohio Department of Commerce
Oklahoma
Oklahoma Financial Transactions Reporting Act
Oklahoma Banking Department
Oregon
Money Transmitters Act
Oregon Department of Insurance and Finance
Pennsylvania
Licensing Business of Transmitting Money or Credit Act
Pennsylvania Department of Banking
Puerto Rico
Laws to Regulate the Business of Money Transfers
Puerto Rico Bureau of Financial Institutions
Rhode Island
Sale of Checks and Electronic Money Transfers Law
Rhode Island Division of Banking
South Carolina
South Carolina Anti-Money Laundering Act
South Carolina Office of the Attorney General
South Dakota
Money Order Business
South Dakota Division of Banking
Tennessee
Tennessee Money Transmitter Act of 1994
Department of Financial Institutions
Texas*
Money Services Business Statute
Texas Department of Banking
U.S. Virgin Islands*
Money Transmitter Act
U.S. Virgin Islands Division of Banking and Insurance*Please note that this license does not cover the transmission of virtual currency.
Utah
Check Cashing Registration Act
Utah Department of Financial Institutions
Vermont
Money Services Act
Vermont Department of Banking, Insurance, Securities and Health Care Administration
Virginia
Money Order Sales and Money Transmission Services
Virginia Bureau of Financial Institutions
Washington
Uniform Money Services Act
Washington Department of Financial Institutions
West Virginia
Issuance and Sale of Checks, Drafts and Money Orders Act
West Virginia Division of Banking
Wisconsin
Seller of Checks
Wisconsin Department of Financial Institutions
Wyoming
Wyoming Money Transmitter Act
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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