Cashback Is Coming to Your Debit Card
Hey Payments Fanatic!
With the younger crowd in mind, Venmo launched a new rewards program for debit cards.
Named Venmo Stash, it tries to cater to Gen Z's spending behavior. According to research, they favor debit cards over other forms of payment.
In the new program, customers earn 1% cashback on their Venmo Debit Mastercard by spending their Venmo balance.
Rewards increase to 2% when customers turn on auto reloads to keep their balance replenished automatically.
And customers can earn 5% cash back when they receive Direct Deposits on Venmo each month.
The company said that in 2026, 'Stash' will expand and offer rewards when clients pay with Venmo at merchants within its nationwide network.
Stay tuned for more, because there’s always something new in the world of Payments.
Cheers,
NEWS
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