How to Get Free Money on Venmo? Here are Tips and Tricks

Venmo has been rewarding its users with free money for the past year. Another one of the mobile payment service’s 24-hour Venmo events has begun, with winners receiving $100, $250, or $500 for doing nothing more than commenting, reposting, and tagging on social media. Previously, Venmo has posted the giveaways with a new monthly theme.

The app has run giveaways for Friendsgiving in November and back-to-school goods in late August. Anyone who has bills to pay, including rent, can enter this month’s giveaway.

What is a Venmo?

The peer-to-peer money transfer software Venmo, first released in 2009 and now owned by PayPal, has swept the nation, especially the college-aged demographic, by storm. Venmo lets you send money to friends and family with just a name or phone number. It’s fast and generally cashless.

Venmo customers can deposit funds into a bank account or credit card for a small fee. Sending and receiving money has never been easier, safer, or more transparent than with Venmo, whether you’re splitting rent with a roommate, dividing a restaurant bill, or collecting money from your parents.

There is only one legitimate way to obtain free money on Venmo (outside of Venmo’s user referral scheme), despite the fact that numerous scammers online boast about such a method. It’s completely legitimate and easy as pie to implement.

How to Get Free Money on Venmo:

Term and Conditions:

Ø Eligible users must (1) reside in the United States or the District of Columbia.

Ø Be at least eighteen (18) years old.

Ø Sign up for a new U.S. Venmo account (“Valid Account”). 

Ø (Those who are eligible for/those who receive the Rewards will be chosen entirely by Venmo) (“Eligible Participant”).

Ø View an online ad or click through a social or paid media piece from Venmo showcasing the introductory offer (“Invitation”). This offer is not valid for business profiles.

How Does It Work?

To earn a Reward, an Eligible Participant must meet the following requirements:

Ø Create a Valid Account on the app, and when requested, provide and confirm your phone number for use with your new Valid Account, as well as enter and store your promotional code.

Ø After a valid account has been created by an Eligible Participant and verified by Venmo, the participant will receive $10.00 (Ten) USD (the “Reward”). Within ten (10) days, but no more than fourteen (14), the reward will be credited to the eligible participant’s valid account.  During the Offer Period, you can only receive a maximum of 10,000 Rewards.

Ø Once the maximum has been achieved, no more Rewards will be awarded.  Each Valid Account can only receive a single (1) Reward.  Before Venmo suspends, cancels, or otherwise changes the offer, all requirements must be met.

Miscellaneous TORs:

Ø Venmo reserves the right to require a Valid Account to be in good standing from participation through Reward fulfillment. If Venmo cannot fulfill the Reward, it may offer an equivalent reward.

Ø Venmo may cancel, suspend, or alter this offer at any moment, for any reason, without warning. This offer does not qualify you for other offers.

Ø Venmo is not responsible or liable if any email, Reward, Qualifying Transaction, or offer-related materials or correspondence are lost, fraudulent, abusive, stolen, late, incomplete, illegible, interrupted, delayed, altered, defective, misdirected, tampered with, or irregular in any way or if any participant’s email address, Valid Account, or other contact information does not work, is deleted, or is changed without prior written notice to Venmo.

Ø Venmo may review any account or transaction related to this offer without notice and postpone or reverse the Reward. 

Ø Venmo User Agreement applies.  Venmo’s decisions on offer questions are final and binding.

Receiving and Using Reward:

Ø If Venmo determines, in its sole discretion, that an Eligible Participant has violated these Terms or the Venmo User Agreement or has acted in a fraudulent or abusive manner, or if Venmo restricts or closes their Valid Account pursuant to the Venmo User Agreement, Venmo may limit, cancel, delay, or revoke the reward.

Ø If for some reason Venmo is unable to deliver the promised reward, it may do so by delivering a reward of equal or greater value. All redemptions of rewards are final and cannot be canceled or refunded after they have been processed.

Ø If a participant’s email address, Valid Account, or other contact information is no longer valid, deleted, or changed without prior written notice to Venmo, Venmo is not responsible and/or liable for the loss, fraudulent activity, abuse, theft, lateness, incompleteness, illegibility, interruption, delay, alteration, defectiveness, misdirection, tampering, or irregularity of any email, reward, referral, or Program-related materials or correspondence.

 P2P Referrals:

Currently, Venmo users can get a bonus by recommending qualifying friends to the service. Each friend who uses your referral link gets a $10.00 incentive.

You and your referrer will receive $10.00 if the following conditions are met.

Your pal meets the financial requirements. There are only three requirements for a payment to be considered valid:

Ø Must be at least 5 dollars.

Ø Payment must be made from a bank account or credit card.

Ø You have 14 days from the time you create your referral link to send it to a friend.

FAQs:

Is it possible to have free money through Venmo?

For the past 12 months, Venmo has been giving away free money to its customers. In the latest of the mobile payment firm Venmo’s 24-hour events, participants can win $100, $250, or $500 simply by commenting, reposting, and tagging.

Who can I Refer?

Your referrals could include the following people:

Ø People that are friends but have never used Venmo

Ø Inactive Venmo friends are those who have an account but have never used it to make or receive a payment.

Ø People you know that have an inactive Venmo account but have used it in the past year

How can I share my Link and Earn money?

To receive your $10 bonus, select “Invite Friends” from the “Me” menu.

Conclusion:

In a nutshell, For the past 12 months, every time a user makes a purchase with Venmo, they receive a bonus. There used to be a different monthly theme for the giveaways listed on Venmo.

For Friendsgiving in November and back-to-school in late August, the app has hosted giveaways. To join this month’s contest, all you have to do is prove that you’re a rent or mortgage payer.