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Venmo launches cashback rewards program with major retailers

Venmo, the P2P platform from PayPal, is launching its first-ever rewards program that pays cash back to customers when they use their card at participating merchants, including Target, Dunkin' and Chevron stations, according to a blogpost

The limited time rewards will be offered by new retailers after existing offers expire and the rewards cash will automatically be deposited back into customer accounts. 

Venmo users can track their earned rewards in the 'my feed' section of the mobile app and choose the share the rewards from featured merchants in the Venmo feed. 

Among the cashback rewards, purchases at these retailers are paying back the following:

Cashback rewards of 5% at Target, Sephora, Chevron, Papa Johns and more.

Cashback rewards of 4% back at Dunkin', Sam's Club.

PayPal uses the Dosh Holdings Inc. cash-back platform to manage the Venmo program. 

 Cover image: Venmo.