When you sign-up through a referral link, you can get $10 cash to kickstart your Venmo balance. With so many peer-to-peer platforms, it’s no surprise that Venmo is trying to win over customers with their sign-up bonus referral. As a peer-to-peer app, you can use Venmo to quickly pay someone else without needing their bank details. It’s the perfect app for you if you hate carrying around cash and find yourself having to split bills with friends or family. Venmo is owned by another P2P provider, PayPal. You can fund your Venmo through money sent to your account by other users, your bank account, or your debit or credit card. You can use Venmo to make purchases from various merchants using in-store QR codes, a Venmo Mastercard debit card, or as a payment method when paying online or in apps. It’s an easy way for you to split your lunch bill, pay your part of the rent, or send the money for your part of a cab fare. Just like Cash App, it allows you to request money from your friends and pay them in return.
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