Venmo has become one of the most popular apps to transfer money in the world. There’s various easy ways to send money, ranging from a linked bank account to peer-to-peer transfers, all of which are quick and effective. Many people use it to pay friends, split bills, and pay for various goods.
You can also get a Venmo credit card, making using the application much easier in real life settings as well. For those that avoid credit cards, a Venmo debit card is available as well.
All of these factors made Venmo extremely popular, which is why many people are looking for ways to get some free money to the app. You can get money through various methods, some of which are more passive while others require you to put in more active work. But if you follow our guide, you won’t ever need to ask Venmo friends to send you some money.
Top 10 Most Effective Ways to Get Free Money on Venmo
Whether you’re trying to save up for a treat, pay off bills, or simply have some additional cash for unexpected expenses, these techniques can assist you in boosting your Venmo app account while enjoying yourself at the same time.
Most of these methods will work outside of Venmo as well. For example, you can get money deposited directly into your bank account with most of these strategies as well.
If you’re a new Venmo user, take advantage of the $10 sign-up bonus that’s on offer. You’ll be able to kickstart your earnings just by registering an account.
1. Pawns.app: An Easier Way to Earn Money
Pawns.app is a passive income app that lets its users earn free money through internet sharing and through completing paid surveys. It’s one of the easiest ways for Venmo users to get some additional money with no investment.
Pawns.app makes money-making easy by connecting you with surveys conducted by market research companies. By sharing your insight, you can accumulate points that can be effortlessly converted into Venmo funds. It’s like getting paid for expressing your opinions. Talk about a convenient way to add to your Venmo wallet!
However, what really sets Pawns.app apart is its approach to monetizing your internet connection. By installing the Pawns.app software, you can securely share your internet bandwidth with the network. In return, you’ll receive free money within the app, which you can cash out to your bank account, Venmo app, or get gift cards. It requires no effort, meaning you can earn money by internet sharing without lifting a finger.
2. Cashback Apps and Websites
Cashback apps and websites have gained immense popularity in recent years. They offer a simple way to get free money by providing cash rewards for your everyday online shopping.
Popular platforms like Rakuten, Swagbucks, and Ibotta offer cashback on purchases made through their links. You can accumulate these cashback rewards and transfer them directly to your Venmo account, effectively earning free money while shopping.
Additionally, some of these cashback websites have other ways to get free money such as by scanning receipts or filling out surveys. So if you want to top up your credit or debit card with some extra money, they’re a great option.
3. Freelance Work and Gig Economy Jobs
The gig economy offers myriad opportunities to get free money. Platforms like Uber, Lyft, DoorDash, and Upwork allow you to leverage your skills or vehicle to generate income.
Whether you’re a skilled writer, driver, or freelancer, these gig platforms offer flexible earning options. You can easily transfer your earnings to Venmo for added convenience.
While with these gigs you can transfer money to any platform, from a Venmo debit card to your bank account, they require a lot of effort in comparison. It’s as close to getting a job as it gets.
4. Cashback Credit Cards
If you have a cashback credit card, you’re already on track to earn money on Venmo, as these can help you cash in rewards for purchases. These rewards can add up over time.
Be sure to reach out to your credit card company to inquire about their cashback program and learn how to transfer those rewards to your Venmo account.
5. Referral Programs
Many online services and apps have referral programs where you can invite friends and family to join for rewards.
For instance, Uber and Airbnb offer cash bonuses for referring new users. Simply share your referral code or link; you’ll earn money when others sign up and complete their first transactions.
Referral programs usually take some work to get going and usually involve some form of marketing. So they may not be the best option for Venmo users that want to do everything passively.
6. Selling Unwanted Items Online
Decluttering your home can be a profitable venture. Platforms like eBay, Facebook Marketplace, and Craigslist provide a platform to sell your unwanted items.
You can earn Venmo funds by listing things you no longer need and completing transactions with buyers. This method helps you tidy up your place and puts cash in your Venmo account.
Selling unwanted items is one of the most direct and easiest ways to earn money directly to your bank account, debit card, or any other source. But it’s good only in a pinch as it’s not sustainable.
7. Investment Apps and Platforms
Some investment apps and platforms offer cash incentives for signing up or making your first investment. Apps like Robinhood, Acorns, and Stash often run promotions that reward users with free money when they fund their accounts.
You can then transfer these rewards to your Venmo account or use them to kickstart your investment journey.
While investing can get you money effortlessly, it’s not something you should be expecting to make you a lot unless you invest a lot properly. It’s a slow and steady process, so you won’t start sending money to friends and family from your investments overnight.
8. Online Cash Contests and Sweepstakes
Keep an eye out for online cash contests and sweepstakes. Various websites and social media platforms host giveaways, allowing participants to win cash prizes. While it’s important to approach these cautiously and verify their legitimacy, participating in legitimate contests can be thrilling to earn free Venmo money when you win.
It’s one of those methods that’s virtually work-free, but relies heavily on luck. But if you have time to sign up to these contests, it’s always worth it, whether you’re one of the Venmo users or not.
9. Online Tutoring or Teaching
If you are an expert in a particular area or have a skill not many people have, you can earn free Venmo money by offering online tutoring or teaching services. Websites like VIPKid or iTalki connect educators with students worldwide. Whether teaching languages, academic subjects, or specialized skills, these platforms allow you to set your rates and earn money for sharing your knowledge. Once you’ve accumulated earnings, you can easily transfer them to your Venmo account for added financial flexibility.
10. Affiliate Marketing
This method involves promoting products or services from others and earning a commission for every sale or lead generated through your referral. You can participate in these programs offered by various online retailers, subscription services, or e-commerce platforms.
In them, you will have to share your affiliate links through your blog, social media channels, or websites, and when someone makes a purchase or signs up using your link, you’ll earn a percentage of the sale. Many affiliate programs offer flexible payout options, including Venmo, making it a convenient way to earn money.
Affiliate marketing is not entirely effort-free, however, as you’ll have to maintain consistent visibility. It’s best utilized if you have a large following on social media or other platforms.
Challenges in Earning Free Venmo Money
Earning free Venmo money, while enticing, is not without its challenges. These challenges stem from the fact that there is no such thing as completely “free” money; you’re essentially trading your time, effort, or personal information in exchange for these earnings. Here, we delve into the challenges associated with earning free Venmo money in 2023, offering a comprehensive look at what to expect:
- 1) Time and Effort Investment
One of the primary challenges in earning free Venmo money is the time and effort required. Methods like online tutoring or engaging in gig work often demand a considerable investment of your time. While the returns can be rewarding, they may not always match the effort expended.
- 2) Income Inconsistency
The income you generate through free Venmo money methods can be inconsistent. Some opportunities offer a steady income stream, while others depend on factors like the availability of tasks or offers. This inconsistency can make relying solely on these methods challenging for financial stability.
- 3) Privacy Concerns
Some methods of earning free Venmo money may require you to divulge personal information. While legitimate platforms have privacy measures, there’s always a risk that third parties can mishandle or expose your data. It’s essential to carefully read the terms and privacy policies of the platforms you engage with and exercise caution.
- 4) Limited Earning Potential
The earning potential of some of these free Venmo money methods is not always ideal. While they may help you earn extra cash, they may not replace a full-time job or provide substantial financial security. Setting realistic expectations regarding how much you can make through these methods is essential.
- 5) Competition and Saturation
Some methods can become oversaturated as more individuals seek ways to earn free Venmo money. This increased competition can make it harder to secure opportunities, especially for referral programs and gig work where new users flood the market.
- 6) Platform Reliability
The reliability of the platforms you use to earn Venmo money can vary. Some may experience technical issues or changes in their terms of service that affect your earnings. It’s important to stay informed about platform updates and have backup earning methods in case of disruptions.
- 7) Withdrawal Minimums and Fees
Some platforms and apps may have withdrawal minimums or fees for transferring your earnings to Venmo. These requirements can delay your access to the money you’ve earned or reduce the overall value of your rewards.
- 8) Limited Geographic Availability
Certain earning methods, such as gig work or cashback apps, may not be available in all geographic locations. This limitation can restrict your ability to participate in some opportunities, depending on where you live.
Common Venmo scams
Like with any platform, Venmo is full of people attempting to scam others out of money. There’s a few common strategies scammers use:
- Fake payment confirmation. Whenever you’re selling something, someone may attempt to send you a doctored image supposedly confirming the payment. Make sure you actually receive the money first.
- Fraudulent Venmo agents. A classic method where a scammer attempts to impersonate Venmo employees to make you do something such as send money or provide them with sensitive information.
- “Get rich quick” scams. If someone offers you a lot of money for little investment or work, it’s usually some form of a scam.
- “You’ve won a prize”. One of the oldest scams in the world where someone attempts to entice you with a prize but asks for something in return. The prize, of course, will never arrive.
Skills Required for Earning Free Venmo Money
Earning free Venmo money requires a combination of skills and attributes. While many methods don’t demand specialized expertise, having certain skills can enhance earning potential and improve success in various opportunities. Here are the skills and qualities that can be beneficial when trying to make free Venmo money:
- Digital Literacy
Basic digital literacy is essential for navigating online platforms and apps. You should be comfortable using computers, smartphones, and web browsers to access and engage with earning opportunities.
- Communication Skills
Effective communication skills are valuable when participating in online surveys, market research, or referral programs. Clear and concise communication can lead to higher earnings and successful referrals.
- Research Skills
Strong research skills help you identify legitimate earning opportunities and avoid scams. Being able to discern between trustworthy and fraudulent platforms is crucial.
- Time Management
Time management skills are essential, especially if you plan to juggle multiple earning methods. Prioritizing tasks, setting goals, and efficiently allocating your time can help you maximize your earnings.
- Data Privacy Awareness
A basic understanding of data privacy is crucial when sharing personal information online. You should be aware of how to protect your privacy and only provide necessary information to trusted platforms.
- Adaptability
The online earning landscape is dynamic, with new opportunities emerging regularly. Being adaptable and open to trying different methods can help you stay ahead and find the most lucrative options.
- Organization
Keeping track of your earnings, transactions, and deadlines is vital. An organized approach ensures you don’t miss opportunities or overlook important details.
- Networking Skills
Referral programs and affiliate marketing often rely on networking and social connections. Building and maintaining a network of friends and acquaintances can enhance your success in these areas.
- Analytical Skills
Analytical skills can be helpful when evaluating the potential return on investment for various earning opportunities. Understanding the potential risks and rewards can guide your decision-making.
- Marketing and Promotion
Marketing and promotion skills can be highly beneficial if you plan to participate in referral programs or promote products or services for commissions. Knowing how to market and persuade others effectively can boost your earnings.
FAQs
Is Venmo safe to us?
Yes, Venmo is a part of PayPal, a globally recognized payment brand. As long as you avoid scams from other users, Venmo is perfectly safe to use. You can freely link your debit card, bank account or any other fund source and be safe.
Can you chargeback on Venmo?
Venmo does not have a default chargeback function. You can attempt to ask the person to send the money back or, if you were a victim of fraud, contact Venmo customer support. They don’t guarantee you’ll get a refund, though.
What Challenges Might I Face While Trying to Earn Free Venmo Money?
Earning free Venmo money can come with several challenges:
- Privacy Concerns: Some methods may require sharing personal information, which could be mishandled or exposed to third parties, necessitating caution.
- Competition: Increased competition, especially for referral programs and gig work, can make it harder to secure opportunities.
- Platform Reliability: This aspect varies from site to site, with some platforms experiencing technical issues or changes that can affect your earnings.
- Account Restrictions: Like other financial platforms, Venmo may impose certain restrictions on how much money you can receive or transfer within a given period.
Tax Implications: Earnings from free Venmo money methods may have tax implications in some jurisdictions.
What Skills Are Needed to Optimize My Earnings on Venmo?
Optimizing your earnings on Venmo requires a combination of skills and qualities:
- Data Privacy Awareness: Understanding data privacy and protecting your personal information is important.
- Organization: Keeping track of your earnings, transactions, and deadlines ensures you don’t miss opportunities.
Financial Literacy: Basic financial literacy helps manage income, expenses, and tax implications.
How Does Earning Free Venmo Money Compare to Earning Money on Pawns.app?
These two alternatives offer different earning experiences. For example, earning free Venmo money involves participating in gig work or referral programs. Pawns.app offers unique earning opportunities by sharing your internet connection and participating in surveys. While you can use both approaches to generate money online, Pawns.app is a more straightforward method that requires less effort and setup to generate reasonable earnings.
