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Venmo - Claim your $5 by September 30th - YMMV

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Out of the blue, got an email from Venmo to claim $5. I am not a power user at all, rarely used the site to transer friends/family. It has to be ymmv.
Glad I didn't miss the email.
I was able to claim the $5 and immediately transfer to my bank account.

https://venmo.com/

Details of the promotion

https://help.venmo.com/hc/en-us/a...-FAQ-Terms
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Created 09-28-2020 at 02:29 PM by homeowner1
in Financial Tools & Services (6)
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09-28-2020 at 02:32 PM #2
Nope.. no go for me. I use venmo all the time, so maybe trying to get the infrequent users to come back?
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09-28-2020 at 03:10 PM #3
What's was the subject of the email?
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09-28-2020 at 03:36 PM #4
Quote from vsauce
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What's was the subject of the email?
Your Name, claim your $5 by September 30th.
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09-28-2020 at 03:47 PM #5
looks like these are the details behind the promo

https://help.venmo.com/hc/en-us/a...-FAQ-Terms
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Original Poster
09-28-2020 at 04:33 PM #6
Quote from benedict
:
looks like these are the details behind the promo

https://help.venmo.com/hc/en-us/a...-FAQ-Terms
Thank you! I added the link above.
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Last edited by homeowner1 September 28, 2020 at 04:35 PM.
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Original Poster
09-28-2020 at 04:34 PM #7
Quote from shaggyucla
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Nope.. no go for me. I use venmo all the time, so maybe trying to get the infrequent users to come back?
Holds good for me, I have used 5-6 times in an year.
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09-28-2020 at 08:05 PM #8
Got the email. Used Venmo once, years back then never again.

Looks like they're trying to reel back in infrequent users probably because no one is hanging out anymore so no ones using Venmo!

College kids are at home! Lol.
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09-29-2020 at 09:11 AM #9
Just got the email a few minutes ago, hadn't logged into Venmo for at least 2 years. The $5 was added a minute or two after signing in.

You can do it from a mobile browser fyi, doesn't have to be via the app. Just refresh the page and you'll have $5 in your balance.

It seems that you can withdraw to your bank if you want to, haven't tried it yet though.

That would the first time I received an equivalent to cash from a promotion.
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09-29-2020 at 09:20 AM #10
Venmo has to be hurting. I know personally I only ever used it when splitting restaurant bills (i.e.- one person picks up the bill and everyone else sends what they owe to them). Obviously that's not happening any longer.
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09-29-2020 at 12:12 PM #11
5 bucks woohoo!!! thanks!
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09-29-2020 at 12:19 PM #12
I just got emailed this 30 mins ago.
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Original Poster
09-29-2020 at 02:51 PM #13
Quote from wolfie14
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Just got the email a few minutes ago, hadn't logged into Venmo for at least 2 years. The $5 was added a minute or two after signing in.

You can do it from a mobile browser fyi, doesn't have to be via the app. Just refresh the page and you'll have $5 in your balance.

It seems that you can withdraw to your bank if you want to, haven't tried it yet though.

That would the first time I received an equivalent to cash from a promotion.
I can confirm on back transfer. I already got the $5 in my checking account.
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09-29-2020 at 02:52 PM #14
Quote from shhaggy
:
Venmo has to be hurting. I know personally I only ever used it when splitting restaurant bills (i.e.- one person picks up the bill and everyone else sends what they owe to them). Obviously that's not happening any longer.
No doubt. Not only Venmo, Restaurants, Salons, mall kiosks and 100s of people around us who works there.
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09-30-2020 at 08:40 AM #15
peer to peer payment systems are hurting across the board, but paypal is doing well b/c they have integrated themselves into eCommerce more so than Venmo

i've used Venmo twice in my entire life. once when a family member couldn't give me the cash b/c of the $300 ATM limit, and once when a friend bought a gaming computer from me and same issue running into the $300 ATM limit. other than that, no need to ever use Venmo nor do i want to ever have to use Venmo. you should never use Venmo for Craigslist or Facebook Marketplace. and the easiest way to avoid Venmo, is to just pay for things yourself or bring cash. when i go out, i go to the ATM down the street which allows me to choose denominations of $1, $5, $10, $20, or $50. i type in $39 withdrawal which spits out a $20, $10, $5, and (5) $1's. that is all i need to pay anyone back for a split bill. and it also controls my spending when going out (which isn't happening these days anyways, so again a moot point).

i got the $5.00 promotional email from Venmo probably b/c they want me to use the service more. so i transferred out the $5.00 to my linked checking account and will go back to ignoring that this service even exists
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