Does Target Accept Venmo in 2024? Everything You Need to Know
Venmo‘s mobile payment app has become increasingly popular for peer-to-peer transactions and tapping to pay at checkout counters. But does this convenient digital wallet work at major retailers like Target?
In 2024, the answer is yes – Target accepts Venmo both in-stores and online for seamless payments and rewards. Here‘s a detailed look at how to use Venmo at Target this year.
The Growth of Venmo for Retail Purchases
Venmo has seen tremendous growth as a payment option, now accepted at over 2 million retailers nationwide. According to 2022 statistics from Venmo, active user accounts grew to over 90 million by Q3 2022.
The service processed around $65 billion in payments volume in Q3 2022 alone. Compared to other mobile wallets like Apple Pay, Venmo has become one of the top payment apps, especially among younger demographics.
How To Pay With Venmo at Target Locations
Paying with Venmo at any Target store checkout is quick and easy. Just open up your Venmo app, tap "Show to Pay", and a unique QR code will appear. The Target cashier can then scan this code on your phone to pull the funds from your linked bank account or Venmo balance.
Many Target locations also have self-checkout counters that accept Venmo QR code scans as a contactless payment option. There‘s no need to pull out your physical wallet!
Venmo Online Payment Options at Target.com
At Target.com, you can securely link your Venmo account in your account settings. Enter your phone number or email associated with Venmo to connect it. Then at online checkout, simply choose Venmo as your payment method.
One limitation is that Venmo cannot be used for Target Plus Partner items on Target.com currently. But for all other Target website purchases, Venmo works great.
Purchase Anything In-Store with Venmo
From groceries to apparel to electronics, virtually anything sold at Target retail stores can be purchased with Venmo as the payment method.
The only exception is Target Plus Partner items ordered online for delivery or in-store pickup. But anything you put in your carts and bags and pay for at checkout can be scanned via Venmo QR code. It‘s a very convenient option for shoppers who prefer mobile payment apps and wallets.
Earn 5% Cash Back Rewards from Target with Venmo
One of the best perks of using Venmo at Target is getting 5% cash back rewards automatically applied to Venmo purchases. The cash back gets quickly deposited back into your Venmo account balance.
You can then instantly transfer the rewards to your linked bank account. Or use it for peer-to-peer Venmo payments to friends and family. This 5% return makes Venmo one of the most rewarding mobile payment options for Target runs.
Withdraw Cash from Target ATMs Using Venmo
While Target does not directly offer cash back on Venmo purchases, you can use your Venmo debit card to withdraw cash from certain ATMs located inside Target stores.
Look for ATMs displaying the Mastercard, Cirrus, Pulse or MoneyPass logo – those will allow you to take out cash, often for a small service fee. It depends on your bank account fees linked to Venmo. But it‘s a handy way to grab cash when shopping at Target.
No Extra Fees for Paying with Venmo
One of the best aspects of using Venmo at Target is that there are no extra convenience fees or surcharges added. Venmo is treated the same as any other payment method accepted at Target locations.
The only fee you may encounter is a small service charge from your bank for ATM withdrawals using a Venmo debit card. But Target itself does not tack on any paying-with-Venmo penalties.
Expert Tips for Getting Target Deals with Venmo
Take advantage of Target‘s price match guarantee by using Venmo QR codes to pay for identically priced items at competitors.
Stack Venmo rewards with Target Circle offers, Target gift card promotions and Target RedCard 5% discounts for huge cumulative savings.
Opt for Venmo payments for Target Drive Up curbside pickup orders to maximize convenience.
Use Venmo instant transfers to move your Target cash back rewards to your bank rapidly.
Payment Method Summary for Target Purchases
| Payment Method | In-Store Purchases | Online at Target.com |
|---|---|---|
| Venmo QR Code Scans | Yes | Yes |
| Venmo Debit Card | Yes | Yes |
| Credit/Debit Card | Yes | Yes |
| Target GiftCards | Yes | Yes |
| Target RedCard | Yes | Yes |
| Cash | Yes | No |
| PayPal | No | Yes* |
| Affirm | No | Yes |
| Prepaid Cards | Yes | Yes** |
*Except for Target Plus Partner items
**Mastercard/Visa prepaid gift cards only
Conclude: Pay at Target with Venmo for Rewards in 2024
As Venmo continues to gain popularity for in-store tap-to-pay transactions, Target has adopted it across all store locations and online. The ability to earn 5% cash back makes it one of the most rewarding ways to pay at Target using your mobile device. Look for the Venmo QR code option next time you shop at Target to maximize convenience and savings.
