Venmo Small Business Grant Program Terms & Conditions

Void in Puerto Rico and where prohibited by law.

1. Eligibility:
The Grant Program is open only to legal residents of the fifty (50) United States and the District of Columbia who:

Are at least eighteen (18) years old.
Have a U.S. Venmo Account and valid business profile on Venmo in good standing, with a profile photo, background photo, and business description at the time of application and through the time of any grant award.
Own a small business, defined as a business entity that is duly organized, validly existing, and in good standing under the laws of its principal place of business (within the U.S. or D.C.) and:
Can promptly provide all government documentation requested by Sponsor or Administrator to show proof of business status.
Is active and has sold at least $500 worth of goods or services within the three (3) months prior to the start of the Grant Program Period.
Employs ten (10) employees or less and has less than $50,000 in annual sales.
Establishing a U.S. Venmo Account and valid business profile on Venmo is free. Conducting transactions on Venmo is not an eligibility criterion for this Grant Program.

Employees of PayPal, Inc., Merkle Inc., Global Entrepreneurship Network, Inc., Hello Alice, Inc., and their parent and affiliate companies, as well as the immediate family (spouse, parents, siblings, and children) and household members of each such employee, are not eligible. The Grant Program is void where prohibited by law.

2. Sponsor:
PayPal, Inc., 2211 North First Street, San Jose, CA 95131.
Administrator: Merkle Inc., 3000 Town Center, Floor 21, Southfield, MI 48075.

3. Agreement to Terms & Conditions:
Participation in this Grant Program constitutes applicant’s full and unconditional agreement to these Terms & Conditions and Sponsor’s and Administrator’s decisions, which are final and binding in all matters related to this Grant Program. Receiving a grant, if selected, is contingent upon fulfilling all requirements set forth herein and any additional requirements disclosed by Sponsor.

4. Timing:
The Grant Program begins on May 10, 2024, at 12:00 a.m. Eastern Time ("ET") and ends on May 31, 2024, at 11:59 p.m. ET (the "Grant Program Period"). Sponsor's servers are the official time-keeping device for the Grant Program.