\tPayPal peer-to-peer payment brand Venmo debuted its first ever rewards programme, offering users in the US cash back when they pay using its debit card at select retailers.<\/p>\n
Participating retailers will offer the benefit on a rotating basis, with customers able to view current offers on the Venmo app. In a statement, the company said initial rewards include 5 per cent cash back for purchases at retailer Target, cosmetics store Sephora, fast food chain Papa Johns and Chevron petrol stations.<\/p>\n
Cash earned from purchases will be deposited directly into users\u2019 Venmo accounts, where the funds can be transferred to a bank account, or to pay friends and merchants within the app. Users can track how much they\u2019ve earned from each transaction in the My Feed tab.<\/p>\n
The company launched the debit card in June 2018 [1] to extend its reach offline, and The Wall Street Journal in April reported it was exploring options for a credit card offer as well.<\/p>\n[1] https:\/\/www.mobileworldlive.com\/money\/news-money\/venmo-moves-offline-with-debit-card-launch\/<\/p>\n","protected":false},"excerpt":{"rendered":"
PayPal peer-to-peer payment brand Venmo debuted its first ever rewards programme, offering users in the …<\/p>\n
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