Update 11/7/22: Another round went out, this time it’s up to $10 (ht AllenW)
Update 10/20/22: New round sent out today (ht Ruven P)
Update 7/19/21: New offer sent out, this time for $5. Subject line is ‘<name>, here’s $5’
Update 6/16/21: New offer sent out, this time for $15. Subject: <name>, claim your $15 by June 30th. Hat tip to reader J.
The Offer
No direct link, check your email for Subject: <name>, we’ve got a $5 reward just for you
- It’s been a while — we miss you. To prove it, we’re giving you $5 to try Venmo again. Just log in using the button below by May 31, 2021, and we’ll drop $5 into your Venmo balance.
The Fine Print
- Limited to first 200,000
- Valid through May 31
- Only available to those who received the email
Our Verdict
Easy money for those targeted.
Hat tip to reader JR and YK
Few Observations, based on what I’ve seen:
1. This seems to be an ongoing promotion — I don’t even know that there are “rounds” so much as just ongoing targeting.
2. I’ve personally seen anywhere from $5 – $15.
2. The accounts I’ve seen targeted (in my family) had gone about a year without transaction activity.
3. Once you’re targeted, they seem to relentlessly continue to send new offers every month or two, and they’ll also vary the amount. So if you receive the $5 offer, you might want to just hold out to see if you’ll get a higher offer. One family has received like a dozen of these offers over the last two years.
4. When I finally went to claim the offer recently, I received an error that “Reward has already been claimed. Funds can’t be claimed twice.” Which made no sense. Thankfully, within a half hour the reward still posted, so no sweat.
Got the email today for a family member, but when they logged in, says “reward has already been claimed. Funds can’t be claimed twice.” They hadn’t logged in since last year, so that’s impossible. Maybe the limit of redemptions has been reached?
same thing for me!
got one for $10 (login) – successful redemption
this seems to be a way to offset their MAU/DAU metrics falling off a cliff, after they “accidentally” introduced new updated terms & conditions as a part of policy on their website (after going through legal reviews + published on a webpage).
they’re willing to pay $5 to get dormant accounts to log back in shows pure desperation to juice numbers for investors.
Could well be that; I certainly hope it is. It’s too late for me to claim my $5 because I already closed & deleted everything I could.
I got it. Venmo has given me $5 twice and $25 to buy bitcoin. I’m down 50% btw. I don’t otherwise use it.
I closed my accounts with venmo after the “misinformation” debacle. The hubris is strong with them.
I got $5. I rarely use venmo.
Got an e-mail a couple days ago from Venmo saying they’ll drop $10 in my Venmo account. Just had to claim it from the e-mail they sent me
Today 10 dollars deposited into my account
I don’t really use Venmo much, I was checking my last activity and It seemed Venmo gave me 15 bucks back in early August as well
Keep the free money coming in… i guess? lol
those who were targeted, how long did it take you to get the credit? i was targeted for $10, but am yet to see it… nothing after about 30 mins… TIA
I got mine 6 hours after I clicked through.
The offer terms state up to 72 hours.
Thank you. Got mine overnight.
TIA? Transient ischemic attack?