What that means is that customers who don’t want to use credit to buy on Amazon will be able to use funds from their linked bank accounts or available Venmo balance instead.
And what’s more, Amazon’s always running a special promotion where if you add Venmo as your default payment method, you’ll instantly receive free Amazon credits.
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Get your free Amazon Credit before the offer ends in December.
Currently, there’s one offer available to select Amazon shoppers. However, you will need a Prime membership to qualify. To receive your free Amazon credit, make sure to set Venmo as your default payment method.
The offer will pop up at checkout when you place your next order. The active promotion running right now includes:
- Add Venmo as your default payment method and get a free $5 Amazon credit. This deal expires on Dec. 31 at 11:59 pm ET or while supplies last.
With Venmo, Amazon shoppers will be able to buy products without a credit card or checking account.
So many of the 80 million-plus people who have Venmo use it to get paid for things like Craigslist or Facebook Marketplace sales, to settle up after eating out, or to purchase goods and services.
Lots of people keep a balance on their Venmo accounts, so instead of paying for Amazon orders with a credit card or bank account, they’ll be able to use that balance.
And now, since Venmo users can buy, sell, and hold cryptocurrency, that balance can grow over time.
Venmo is the latest alternative way to pay on Amazon.
While it’s true that Venmo requires a linked bank account to open an account, the new functionality gives shoppers one more way to avoid using credit cards when shopping on Amazon.
In addition to credit and debit cards, Amazon currently allows purchases via prepaid cards and gift cards, as well as dedicated Amazon Store and gift cards. They also allow payment via Flexible Spending Accounts and Health Savings Accounts, for eligible purchases. EBT SNAP cards are accepted as payment for residents of participating states as well. Customers can also link a bank account to their Amazon profiles and pay that way.
Previous Venmo Offers on Amazon
These deals expired already, but we think there may be similar promotions in the future. Often, Amazon promos will make a comeback. Here’s what we saw earlier in 2023.
- Spend $25 or more on Amazon using your Venmo payment, and get $5 off. This deal expired on Sept. 7, 2023, at 11:59 pm ET. Shoppers entered code VENMO1 at checkout. This offer did not apply to digital content.
- Spend $75 or more on Amazon using your Venmo payment, and get $10 off. Shoppers entered code VENMO5 at checkout.