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

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

Entrepreneur Staff

Senior News Writer

Emily Rella is a Senior News Writer at 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.

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