Venmo isn’t HIPAA compliant because it doesn’t offer a Business Associate Agreement (BAA).
Venmo does not currently state that it meets HIPAA requirements and doesn’t provide HIPAA protection for sensitive patient health information. Since the platform is typically used by individuals to send money to one another, it may not fit all the PHI-related requirements of healthcare organizations.
There are several payment gateways which seem to provide HIPAA compliance, but Venmo, despite being a great payment method for many, it is not the best fit for medical institutions to protect PHI.
Readers should perform their own research before making the final decision. The information on the Jotform HIPAA Compliance Checker does not constitute official healthcare or legal advice. Jotform is not liable for any damage or liabilities arising out of or connected in any manner with this platform.