body: Venmo allows money transfers between individuals for arbitrary goods/services/gifts. My understanding is that they/their parent company handle payment processing, escrow, and payout themselves. When people inevitably use it for illegal means, what kind of liability does Venmo face? How do they mitigate this? Does it make a difference that they use a wallet scheme and hold funds in escrow rather than make direct transfers?
  
  
  
title: How does Venmo mitigate liability for illegal transactions?