The Venmo App lets you pay friends and businesses, get paid by anyone, shop online and in stores, split bills, and share money easily.
Plus, the Venmo Refer-A-Friend Program is currently offering new users a $5 sign-up bonus when you send $5 to anyone using the Venmo App (must join via a targeted user’s referral link – see below).
About Venmo App
It’s free to sign up for a Venmo account with no monthly fees, plus it’s free to send or receive money using your Venmo account balance or bank account.
While Venmo does not charge for sending money from a linked bank account, debit card, or your Venmo account, there is a 3% fee for sending money using a linked credit card.
There is no fee to move money between Venmo and your bank account in 1-3 business days, although there is a 1% fee ($10 maximum) if you want to make instant transfers.
You can even get the Venmo Debit Card to go shopping everywhere Mastercard is accepted in the U.S.A.
Venmo App $5 Sign-Up Bonus
1. To qualify for the $5 bonus, you must join Venmo through a current user’s bonus referral link.
2. To get a $5 Venmo referral link, visit this Reddit Post, where a current targeted user has posted their referral link.
3. Click through the Venmo referral link and sign up for a new Venmo account.
4. Add your bank-issued debit card to verify your new Venmo account.
5. Send at least $5 to anyone using the Venmo App.
6. Receive a $5 bonus credit directly from Venmo.
Venmo Refer-A-Friend Bonuses
To earn bonuses for referring your friends to Venmo, you must be targeted for this promotion by Venmo, and they will notify you directly if you are eligible.
If you are targeted, you can share Venmo with friends by giving them a cash bonus reward, and once your friends send money using Venmo, you will also earn a cash bonus reward.
The Venmo referral bonus varies, and while it currently appears to provide a $5 bonus to both parties, it has been a $1 bonus in the past as well.
You can view the Venmo Referral FAQs for the latest details, although limited information is provided.
If you are targeted for the Venmo referral bonus promotion, please feel free to share your Venmo referral links in the below comments.
You can also try the Cash App to earn a cash bonus for sending money to friends.