Update: Offer extended! There is no longer a published end date for this offer.
The terms say, “Make your first touch-free payment of $20 or more with the PayPal or Venmo app in-store and get a $10 reward. Offer ends 03/31/2021. PayPal reward must be used by 04/30/2021.”
Officially, gift cards are excluded, but I went to CVS and paid for a $25 Amazon gift card with the QR code in my PayPal app. A minute later PayPal emailed me that I had earned a $10 reward good for my next PayPal purchase through 6/30/21.
The CVS checkout clerk didn’t know anything about the QR code, but I asked her to scan it and she wondered what that would do. But sure enough, it accepted it as a valid payment.
The $10 reward can be used right away for a free $10 purchase in CVS or use it online at a store that accepts PayPal such as Walmart.com.