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A comment on Venmo forces binding arbitration unless you opt out by mail before June 22. Parent comment

Re:Venmo forces binding arbitration unless you opt out by ma... by nijave on Friday April 22, 2022 @06:15PM (#31128892)
Except Zelle and a lot of banks also have forced arbitration clauses...

Section 26 https://www.zellepay.com/legal/user-service-agreement

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Re:Venmo forces binding arbitration unless you opt out by ma... by toomuchtodo on Friday April 22, 2022 @06:25PM (#31128976)
Importantly, banks and deposit accounts fall under financial regulatory requirements, FDIC, OCC, and whatnot. You have more recourse with a deposit account vs a PaypalVenmo account, full stop.

https://twitter.com/patio11/status/1500993875627761666 (patio11 on Zelle and Reg E, for example)

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