Using your Venmo referral link offers a win-win situation for both you and the people you refer. When someone signs up through your link, they have an opportunity to receive a sign-up bonus or incentive, such as a cash reward or a promotional offer. This provides an immediate benefit to them when joining Venmo. Additionally, as more people sign up through your link, you can earn referral bonuses, which can be in the form of cash or credits. Sharing your Venmo referral link helps others discover the convenience of Venmo for easy and secure money transfers, while also rewarding you for spreading the word about the platform.