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forum thread Posted by homeowner1 • Sep 28, 2020
forum thread Posted by homeowner1 • Sep 28, 2020

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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About the Poster
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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14 Comments

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Sep 28, 2020
557 Posts
Joined Mar 2014
Sep 28, 2020
shaggyucla
Sep 28, 2020
557 Posts
Nope.. no go for me. I use venmo all the time, so maybe trying to get the infrequent users to come back?
Sep 28, 2020
6,074 Posts
Joined Jul 2015
Sep 28, 2020
vsauce
Sep 28, 2020
6,074 Posts
What's was the subject of the email?
Sep 28, 2020
2,446 Posts
Joined Nov 2013
Sep 28, 2020
truedealsearcher
Sep 28, 2020
2,446 Posts
Quote from vsauce :
What's was the subject of the email?
Your Name, claim your $5 by September 30th.
Sep 28, 2020
1,174 Posts
Joined Nov 2006
Sep 28, 2020
benedict
Sep 28, 2020
1,174 Posts
looks like these are the details behind the promo

https://help.venmo.com/hc/en-us/a...-FAQ-Terms
Original Poster
Sep 28, 2020
1,490 Posts
Joined May 2016
Sep 28, 2020
homeowner1
Original Poster
Sep 28, 2020
1,490 Posts
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.
Last edited by homeowner1 September 28, 2020 at 04:35 PM.
Original Poster
Sep 28, 2020
1,490 Posts
Joined May 2016
Sep 28, 2020
homeowner1
Original Poster
Sep 28, 2020
1,490 Posts
Quote from shaggyucla :
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.
Sep 29, 2020
191 Posts
Joined Nov 2013
Sep 29, 2020
FearMyWrX
Sep 29, 2020
191 Posts
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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Sep 29, 2020
1,902 Posts
Joined Apr 2016
Sep 29, 2020
wolfie14
Sep 29, 2020
1,902 Posts
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.
Sep 29, 2020
21,654 Posts
Joined Jun 2005
Sep 29, 2020
shhaggy
Sep 29, 2020
21,654 Posts
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.
Sep 29, 2020
748 Posts
Joined May 2008
Sep 29, 2020
PrettyKitty427
Sep 29, 2020
748 Posts
5 bucks woohoo!!! thanks!
Sep 29, 2020
1,335 Posts
Joined Sep 2009
Sep 29, 2020
JosiahFam
Sep 29, 2020
1,335 Posts
I just got emailed this 30 mins ago.
Original Poster
Sep 29, 2020
1,490 Posts
Joined May 2016
Sep 29, 2020
homeowner1
Original Poster
Sep 29, 2020
1,490 Posts
Quote from wolfie14 :
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.
Original Poster
Sep 29, 2020
1,490 Posts
Joined May 2016
Sep 29, 2020
homeowner1
Original Poster
Sep 29, 2020
1,490 Posts
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.
Sep 30, 2020
29,827 Posts
Joined Oct 2010
Sep 30, 2020
Medic311
Sep 30, 2020
29,827 Posts
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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