Venmo is Giving Away $200,000 This Month -- Here's How to Win Your Share Venmo is back with another giveaway to help make the holidays a little happier for app users around the country.

By Emily Rella Edited by Jessica Thomas

Opinions expressed by Entrepreneur contributors are their own.

SOPA Images | Getty Images

Venmo is back with another giveaway to help make the holidays a little happier for app users around the country.

The payment company, which is owned by PayPal, announced on social media Tuesday that it's teaming up with musical duo ChloexHalle to give away money in time for the holidays.

Twitter users who rewteet Venmo's Twitter post along side the hashtag #DearVenmo, what they hope to use the money for and their Venmo handle will be entered in the contest, as will Instagram users who comment on Venmo's post with their wish and Venmo handle.

Participants must also be following @Venmo on the social media platform that they wish to enter the contest on.

"Follow us & RT this post w/ your Venmo handle & holiday wish," the company wrote on Twitter. "We just might grant it."

The company will give out $200,000 starting today through the end of the day Thursday.

Venmo will also give $1 to MakeAWish for every retweet of its original announcement on Twitter or comment on Instagram and TikTok, up to $500,000.

"Venmo will be giving away $200,000 to help grant wishes for the Venmo community, whether it be to help with rent or a flight home to visit friends and family for the holidays," the company said.

As of Tuesday afternoon, Venmo's Twitter announcement had received more than 6,800 retweets, and the #DearVenmo hashtag was showing more than 20,800 tweets.

PayPal was down just over 15% year over year as of Tuesday afternoon.

Emily Rella

Senior News Writer

Emily Rella is a Senior News Writer at Entrepreneur.com. Previously, she was an editor at Verizon Media. Her coverage spans features, business, lifestyle, tech, entertainment, and lifestyle. She is a 2015 graduate of Boston College and a Ridgefield, CT native. Find her on Twitter at @EmilyKRella.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Innovation

4 Ways Market Leaders Use Innovation to Foster Business Growth

Forward-thinkers constantly strive to diversify and streamline their products and services, turning novelties into commodities desired by many.

Business News

JPMorgan Shuts Down Internal Message Board Comments After Employees React to Return-to-Office Mandate

Employees were given the option to leave comments about the RTO mandate with their first and last names on display — and they did not hold back.

Business Process

The Best Times, Days and Months To Post on YouTube (2023)

When is the best time to post YouTube videos to maximize their effect? Discover the best time to post on YouTube in this detailed guide.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Business News

Your Old Apple AirPods Can Soon Act as an Over-the-Counter Hearing Aid, According to the FDA

The new software is compatible with the Apple AirPods Pro and accessible through iOS — for free and now FDA-authorized.

Leadership

From Elite Athletes to Tech Titans — Discover the Surprising $100-Million Habit That Leads to Extraordinary Success

Success comes from mastering focus, eliminating distractions and prioritizing what truly matters.