The “referring customer” must meet the requirements outlined in the Venn Referrals program. Since referral terms may change from time to time, always check the Venn "Referrals" page and click on the Terms and Conditions link for the most up-to-date details.
In general, the referring customer usually needs to:
Spend with Venn Mastercard: Spend using the Venn Mastercard first before you can be eligible to refer another (see the Terms and Conditions in Venn “Referrals” for the specific amounts and deadlines that apply).
Be a genuinely new business: The referral will not qualify if the referring customer and the referred business share the same director, owner, or admin across two or more businesses. This ensures that only genuine new businesses are referred.
Referral payouts: Referral rewards are paid on the 5th of the month following the 30-day eligibility period of the "Referred Business".
Example 1: If you referred someone who joined on January 4, their 30 days end on February 4. Any successful referrals you made will be paid on February 5, and then on the 5th of each following month.
Example 2: If you referred someone who joined on January 5, their 30 days end on February 5. Any successful referrals you made will be paid on March 5, and then on the 5th of each following month.
Note: x, y, and z are examples only — please refer to the Terms and Conditions in Venn “Referrals” for the exact amounts and timelines.