How does Refer a Friend work?
Venmo is currently offering the opportunity for users to earn a reward for referring their eligible friends. Additionally, friends who use the referral links can earn a $5.00 reward.
Both you and your friend can earn $5.00 through the referral program if the following criteria are met:
Your friend makes a qualifying personal payment. In order to qualify, the payment must meet three simple criteria:
- It must be at least $5
- It must be funded by a bank account or card
- It must be made to another user within 14 days of the referral link creation
Note: Referrers can earn up to 10 referral rewards (for a maximum total of $50.00 in referral rewards).
Who can I refer?
You can refer eligible friends, including:
- Friends who have never had a Venmo account
- Friends who have a Venmo account but have never sent or received a personal payment
- Friends who have a Venmo account but have not been active in the last 12 months
How many referral rewards can I get by inviting my friends?
As a referrer, you can earn up to ten $5.00 rewards (for a maximum $50.00) when your friends complete the criteria for the reward.
How fast do I get my reward after my friend signs up and makes a payment?
If your eligible friend taps your referral link and makes a qualifying payment, you should receive your reward in fourteen days, but may take up to a month (if you haven’t already received the maximum number of rewards). Your friend’s payment needs to meet three simple criteria:
- It must be at least $5
- It must be funded by a bank account or card
- It must be made to another user within 14 days of the referral link creation
How can I share my link with a potential referee?
In the Venmo app, go to the Me tab, and then tap Invite friends, earn $5.
From there, you can choose to share your link by message, email, social media, or have the option to manually paste your link into a different communication of your choice. You must only share your link with people you know. You may never publicly post it in group forums that are likely to include people you do not personally know.
My friend referred me, how do I sign up and get my reward?
Your friend should have provided a referral link via email, text message, or social media. Once you click the link, sign up for a Venmo account, and make a qualifying payment, you’ll receive $5.00 in your Venmo account. That qualifying payment needs to meet three simple criteria:
- It must be at least $5
- It must be funded by a bank account or card
- It must be made to another user within 14 days of the referral link creation
Note: If you don’t already have a Venmo account, you’ll need to create one after you click the link. If you signed up without clicking the Referral click, just be sure to tap on the link before making a qualifying payment.
You can also navigate to Settings and add the code into the Have a code? section.