Get $10 Bonus When You Create a New Venmo Account

Venmo is a mobile payment service owned by PayPal. Venmo account holders can transfer funds to others via a mobile phone app and transfer are processed instantly. It’s a great way to pay friends, share bills and much more. Both the sender and receiver have to live in the U.S..

If you don’t have a Venmo account, now is a good time to signup. You can earn a rare $10 bonus. It is not much, but usually there’s no signup bonus for Venmo at all. Check out the details of this Venmo signup bonus below.

Offer

Create a new Venmo account and get a $10 bonus. Here’s how this offer works:

1. Sign up for a new Venmo account
2. During sign up, make sure to add and verify your phone number for your new Valid Account.
3. $10 will be added to Eligible Participant’s Valid Account within 30 days, but may be available sooner.

Offer Terms

• Offer may be cancelled or modified at any time.
• Valid Account must remain in good standing from the time of participation through Reward fulfillment to redeem a Reward, as determined in Venmo’s sole discretion.

What is Venmo

One of the main features of the Venmo app is the public feed of transactions. It is similar to social media feeds. It let’s people know that you paid someone, for a service if you choose to leave the transaction public. You can also you choose to make your transactions private. However, you still need to include a note.

Venmo works by linking with your bank account or a credit or debit card. Transactions made with either your bank account, debit card, or with your Venmo balance are free. If you fund with your credit card, you will have to pay a fee.

You don’t need to add any money to your Venmo account in order to pay a friend. The money is withdrawn from your bank account if that’s one of your funding options. If a friend pays you, the money will first go into your Venmo balance. You can choose to leave it there, or request to withdraw those funds. That money ends up in your account the next business day.

You can use Venmo with contacts, as well as with select businesses that use Venmo. The app uses encryption to keep transactions and app data secure.

Guru’s Wrap-up

This is an easy Venmo signup bonus of $10 for those who don’t have a Venmo account yet. Currently there’s also an increased offer for the Venmo credit card.