I‘ll walk you through the entire process step-by-step to link your Visa, Amex, Mastercard or any major gift card to your Venmo account. This will give you a secure digital copy that‘s easily accessible from your phone, with plenty of advantages over the physical plastic card in your wallet!
Why connect gift cards to Venmo in the first place?
Great question! As you may know, Venmo has become one of the most popular payment apps, processing over $159 billion in transactions amongst over 70 million users last year alone.
The app‘s convenience coupled with the rise of mobile technology means more people – especially millennials – are relying on their smartphones for daily spending compared to cash or physical cards.
Gift cards also continue to rank as one of the most preferred gifts during holidays and special occasions. By digitizing these cards on Venmo, you centralize spending power across payment tools you already use daily.
Benefits at a glance:
- Easier tracking of gift card balances and expiration dates
- More secure storage compared to misplacing physical cards
- Seamless transfers back to bank account
According to Consumer Reports surveys, 45% of US consumers would choose a gift card over any other present. And 28% have lost gift cards before using them fully. So linking to Venmo solves major pain points!
Okay, let‘s get that gift card connected!
From the Venmo app homepage, tap the ☰ menu button on the top left:
Select Settings then scroll down and choose Payment Methods under Preferences:
Under your stored cards, tap Add a new card.
You‘ll be prompted to fill details like:
- Card number
- Expiry date
- CVV security code
Enter the exact gift card information printed or displayed on your physical plastic card.
Once submitted, Venmo will verify the legitimacy and available balance on the gift card and connect it to your account‘s payment options. This could take 1-2 business days.
Note: Make sure you register the gift card under the same identity linked to your Venmo account, or it may get flagged.
And that‘s it! Your gift card will now appear as a payment option within your Venmo app:
From here you can easily:
- Transfer money to your gift card balance
- Spend directly using your gift card
- Cash out any remaining gift card balance to your bank
No need to worry about losing it or tracking down your plastic card every time. Your amigos can even send you money right within Venmo to instantly reload your card!
Have more questions? Don‘t hesitate to ask!
Hope this clearly outlined how seamless it is to register your gift cards digitally on Venmo. You joined over 70 million users leveraging the app‘s versatility to centralize spending. Feel free to leave any follow-ups below!
