Send 1¢ to invite your friend, and when they sign up and spend $5, we’ll send you both $5. Invite 10 friends and earn up to $50, and be on your way to splitting and sharing with all your Venmo pals.
Here’s how to penny poke your friend and earn $5:
- Send 1¢ to a friend who doesn’t have Venmo using their phone number or email
- Ask them to sign up and link their bank account or card
- When they send or spend over $5, we’ll send you both $5
We’ll drop the money in your account (and your friend’s) before 12/1/19. Offer ends on 11/9/19.
By participating in Venmo’s "Invite Friends" promotion (the "Program" or “Invite Friends Program”), you agree to the following terms and conditions (the "Terms"). Venmo has the right, at any time and in its sole discretion, and without prior notice, to terminate, cancel, suspend or modify the Program or these terms.
The Invite Friends Program allows you to invite people you know to sign up for a U.S. account with Venmo. You can earn a reward when friends you invite to join Venmo through the Program sign up and complete an Eligible Transaction (defined below). If you are the person inviting friends to join Venmo, you are a "referrer" under these terms, and if you are a person who receives an invitation, you are a "referee."
- The Promotional Period, Eligibility, and Overview
1.1. The Program is active from October 9, 2019 at 12.00am EST to November 9, 2019 at 11.59pm EST time (the “Promotional Period”).
1.2. To be eligible to earn rewards through the Program, a referrer must: (1) have a U.S. Venmo account in good standing (“Valid Account”) at the time they invite referee(s) through when his/her reward(s) are issued; and (2) receive an authorized invitation from Venmo to participate in the Program. To be eligible as a referee: (1) the referee must not have or previously had a Venmo account; and (2) the phone number/email address provided must not be tied to an existing or previously existing Venmo account.
1.3. A referrer may refer a referee by sending $0.01 to the referee via person-to-person payment in the Venmo app by providing the referee’s phone number or email address. The referrer can claim a reward for a maximum of 10 referees that satisfy the following “Reward Criteria”: (i) access and complete the Venmo sign up process to claim the referrer’s $0.01; (ii) link his/her bank, credit card or debit card to their Venmo account; (iii) verify their cell number or email linked to their Venmo account; and (iv) complete an Eligible Transaction (defined below) within the Promotional Period. An “Eligible Transaction” means: (a) a Venmo checkout payment of $5.00 USD or more using the referee’s new Venmo account that is marked as "complete" in the referee’s account before the end of the Promotional Period; (b) a person-to-person payment of $5.00 USD or more using the Venmo app (sent to anyone other than the referrer) using the referee’s new Venmo account that is marked as ‘received’ by the recipient; or (c) a payment of $5.00 USD using the referee’s Venmo card that is marked as “complete” in the referee’s account before the end of the Promotional Period (a referee must separately apply for and receive a Venmo card).
1.4. Transactions that have been cancelled, refunded, declined, or reversed by either the referee, referrer, Venmo, or the seller do not count as Eligible Transactions.
1.5. The reward amount is $5 USD. There is a limit of one (1) reward per referee Valid Account and ten (10) rewards per referrer Valid Account (max referrer payout is $50.00 USD) throughout the entire reward period. If two or more referrers invite the same referee, Venmo will credit the reward to the person who sent the $0.01 first, as determined in Venmo’s sole discretion. Only the first (10) referees per referrer to fulfill the Reward Criteria will earn a reward.
2.1. You may only refer family and personal friends and acquaintances. Additionally, you must not publish or distribute the invitation to participate that you received from Venmo in public locations (online or otherwise) where the audience is likely to include people who are not your family or personal friends/acquaintances. If you do so, Venmo may disqualify you from participation in the Program and any successful referrals will be void, in Venmo’s sole discretion.
- Receiving and Using Rewards
3.1. Rewards will post to your account no later than December 1, 2019, 11.59pm EST.
3.2. Venmo reserves the right to limit, cancel, or revoke a reward if Venmo determines, in its sole discretion, that you have violated these terms and conditions, or if we restrict or close your account pursuant to our User Agreement.
3.3 Venmo may provide an alternate reward of equal value if it is unable for any reason to fulfil the reward. Venmo is not responsible and/or liable for any lost, stolen, late, incomplete, illegible, interrupted, delayed, or misdirected e-mail, reward, or Program-related materials or correspondence or if any participant’s e-mail address, Valid Account, or other contact information does not work, is deleted, or is changed without participant giving prior written notice to Venmo. Program is void where prohibited, if referrals or Eligible Transactions are not completed through legitimate channels, or if any Program-related materials (including, without limitation, referrals and Eligible Transactions) are fraudulent, counterfeit, altered, defective, tampered with or irregular in any way.
- This Promotion is governed by New York law. By entering, entrants agree to be bound by these terms and conditions and the User Agreement. Any questions relating to the offer will be resolved in Venmo’s sole discretion and its decisions related to the offer will be final and binding.
- Sponsor: Venmo, a PayPal, Inc. service, 117 Barrow St., New York, NY 10014.