Join our Waitlist for Expert Advice!

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

Starting a Business

She Started a Business With $300 After Getting Laid Off. It Made $300,000 in Year 1 and Became a Multimillion-Dollar Company.

Bobbie Racette wanted to revamp the virtual assistance space — and provide job opportunities for underrepresented communities at the same time.

Starting a Business

Buying a Business? 3 Secrets to Master the Ownership Transition With Ease

Owning a company is no small feat, especially if it's one you just purchased. Here's how to make the transition easy for you, your employees and your clients.

Starting a Business

These Husband-and-Wife Co-Founders Started a Food Brand to Share Chinese Culture — Then a Smart Rebrand Took Their Company to the Next Level

Jennifer Liao of MìLà on starting a food business, amplifying modern Chinese food and using storytelling to grow a brand.

Real Estate

Why a Customer-Centric Approach Is Essential for Long-Term Success in Real Estate

Discover how a service-oriented approach and attention to detail can drive long-term success in real estate and other industries.

Business News

Google Follows Microsoft's Lead With Nuclear Power for AI

As AI gets more powerful, it requires more energy.

Leadership

'What, Like It's Hard?': This Brand-Builder Uses a Marketing Secret to Increase Voter Turnout. It's Working for 2 Million People — and Counting.

Mandana Dayani, co-founder of I Am a Voter, has been involved with "some version of activism" for as long as she can remember.