Transferring money between Venmo and PayPal, two popular digital payment platforms, is essential in the world of online transactions. Whether you’re splitting expenses, settling debts, or simply looking for financial flexibility, sending money between these platforms can save you time and effort. But do you ask if can you send money from Venmo to PayPal? Don’t worry! In this article, we will clarify all your doubts related to it.
How to Send Money from Venmo to PayPal
Unfortunately, it is not currently possible to transfer money directly from Venmo to PayPal due to their separate payment platforms and different features. However, there are alternative methods available to accomplish this. You can link up your bank account to both your Venmo and PayPal accounts to make it a mediator between these platforms.
If you don’t have a bank account as common, you can follow the below steps to add a bank account on both platforms and transfer money.
Note: If you have a common bank account linked on both apps, then you can follow steps 12–18.
1. Open PayPal on your device and tap on Wallet.
2. Tap on the plus icon next to Banks and cards.
3. Tap on Banks. Enter your password and tap on Log In.
4. Choose your bank from the list.
5. Now, enter your online banking details and tap on Agree and Link.
Note: You can also link your bank account manually by providing the required details. It might take 2–3 business days.
6. Once done, make two small deposits between $0.01 and $0.99 to confirm your account.
7. Now, open the Venmo app and go to your profile page.
8. Tap on the Settings icon and then choose the Payment Methods option.
9. Tap on Add bank or card.
10. Tap on Bank followed by Next and then Continue.
11. Select your bank from the list and follow the on-screen instructions.
12. Once you have linked your bank account to both Venmo and PayPal, go back to your Venmo profile page.
13. Tap on Transfer and enter the desired amount.
14. choose Instant or 1-3 biz days and tap on Transfer [amount].
15. Now, go back to your PayPal app and select Wallet.
16. Tap on PayPal Balance and then Add Money.
17. Enter the amount and tap on Next.
18. Choose the bank account under the From section and tap on Add Money.
You will be able to transfer money from Venmo to your PayPal account.
Also Read: How to Transfer Money from PayPal to Debit Card Instantly
How to Link Venmo to PayPal
Linking Venmo to PayPal offers users a convenient way to undertake an instant transfer of money. However you cannot directly link Venmo to PayPal, you can follow Steps 1–11 from the previous heading.
How to Transfer Venmo Funds to PayPal Without a Bank Account
If you haven’t linked your bank account with Venmo transferring funds from Venmo to PayPal can be challenging. However, there are some alternative ways you can use to do so:
- Use Prepaid Card: Utilizing a prepaid card to transfer money without a bank account is one of the effective ways as it acts as an intermediary. It allows you to add funds from Venmo before sending them to the PayPal account. However, before proceeding, it is important to ensure a prepaid card is accepted on both platforms.
- Use Payment Exchange Service: There are numerous payment exchange services available that allow users to make transactions between different payment platforms. It is important to find a secure and reliable payment exchange service that supports instant transfer between both Venmo and PayPal.
- Use Venmo Debit Card: If you have a Venmo Debit card, you can utilize it to transfer funds without a bank account. However, currently, if you don’t have one, you can request one for free of charge. This card will be linked to your Venmo account, which means you can use its funds anywhere where Mastercard is accepted.
What to Avoid Before Making a Venmo Transfer to PayPal?
Making the same currency transaction will be hassle-free. However, while making a cross-currency transaction, it is important to avoid certain things to ensure a smooth transaction.
- Make sure the PayPal account you’re sending money to is verified before making a transaction. This helps in preventing any potential issues or delays.
- When making a transaction, avoid selecting the friends and family payment option. Instead, use the goods and services payment options to ensure you’re protected by Venmo buyer protection policy.
- Avoid using a credit card to make a transaction as it may charge additional fees.
- Before sending money, always double-check the recipient details to ensure that you’re sending it to the correct person.
- Avoid choosing the instant transfer option from Venmo to PayPal. If possible, hold tight for 2–3 business days as instant transactions may charge excess fees.
Also Read: Can You Send Money from Venmo to Cash App?
What is the Fee for Transferring Money from Venmo to PayPal?
The fee associated with a transaction can vary depending on the type of transaction made. For example, if you transfer money from Venmo to PayPal using your bank account, debit card, or Venmo balance, it will cost nothing. However, if you opt to use your credit card for the transaction, it will charge up to a 3% fee.
How much can you Transfer from Venmo to PayPal?
The transfer limit may depend on your verification status. If you haven’t verified your identity, you can transfer up to $999.99 per week. On the other hand, if you have confirmed your identity, you can transfer about $19,999.99 per week. However, to confirm the limits, it is recommended to Contact customer support.
How Long Does it Take to Transfer Money from Venmo to PayPal?
Transactions between Venmo and PayPal can take up to 1–3 business days. But sometimes, this duration may be affected due to technical issues or any other factors.
These alternative methods enable you to seamlessly send money from Venmo to PayPal. If you have any queries or suggestions, do let us know in the comments section below. Don’t forget to keep visiting our page for more informative articles.
