Venmo is one of the most widely used payment apps in the United States, owned by PayPal and used by over 90 million people to split bills, pay friends, and shop online. New Venmo users who sign up through a referral link and complete a qualifying payment receive a $10 cash bonus. It is a small bonus, but Venmo is a genuinely useful app that most people end up using regularly — so the bonus is a nice extra for something you would likely sign up for anyway.
What Is the Venmo Sign-Up Bonus?
| Bonus Amount | $10 cash |
| What You Need to Do | Sign up + send or spend $5+ within 30 days |
| How You Get Paid | Venmo balance (transferable to bank) |
| Time to Receive Bonus | Within 14 days of qualifying |
| Monthly Fee | None (standard account) |
| Difficulty | Very easy |
How to Claim Your Venmo Bonus — Step by Step
- Click the sign-up link on this page to create your Venmo account.
- Download the Venmo app and create your account with your phone number or email.
- Link a bank account, debit card, or credit card to fund your Venmo balance.
- Send $5 or more to another Venmo user, or make a purchase using Venmo at a participating merchant.
- Your $10 bonus will appear in your Venmo balance within 14 days.
Venmo vs Cash App: Which One Should You Use?
Venmo and Cash App are the two dominant peer-to-peer payment apps in the US, and most people end up using both. The main difference is in their social features and ecosystem. Venmo has a social feed (which you can set to private) and is more commonly used for splitting restaurant bills and social payments. Cash App is more focused on financial services — it has a debit card, investing, and Bitcoin built in.
If you are choosing between the two as your primary payment app, Cash App offers more financial features. But Venmo is more widely accepted — many people and businesses only accept Venmo, not Cash App. The practical answer for most people is to have both: use Venmo for social payments and splitting bills, use Cash App for everything else.
Venmo Pros and Cons
| Widely accepted | 90M+ users — most people you know already have it |
| Free to use | No fees for standard transfers |
| Venmo debit card | Free Mastercard debit card for your Venmo balance |
| Pay with Venmo | Accepted at millions of online and in-store merchants |
| Backed by PayPal | Established, trusted financial company |
| Instant transfer fee | 1.75% fee to transfer to your bank instantly |
| Social feed privacy | Transactions are public by default — must manually set to private |
| Limited financial features | No investing or savings compared to Cash App |
Venmo is a solid, reliable payment app that most people will find useful for splitting bills and paying friends. The $10 sign-up bonus is modest but easy to claim, and the app itself is genuinely useful. The main thing to watch out for is the default public transaction feed — make sure to set your transactions to private when you sign up.
Written by the StackMyReferrals Editorial Team. We review products independently and only recommend products we believe are genuinely useful. When you sign up through our links, we may earn a referral bonus — this never affects our editorial opinion.