How Can I Send Money from Venmo to PayPal? | Forum

Venmo and PayPal are both popular digital payment apps and known for their features. However, many people wonder can you transfer money from Venmo to PayPal? If you are also having this same query, you have come to the write place. Well to be honest, while both Venmo and PayPal offer seamless money transfer services, direct interoperability between the two platforms is not supported. There are, however, alternative methods of transferring funds between Venmo and PayPal, but with some limitations. A simple method of moving funds from Venmo into PayPal is using the bank account connected to both services. It is possible to do this through the app or the site by selecting "Transfer to Bank" and entering your details.

If you often use both services, linking your bank account with PayPal and Venmo can give you the options to transfer money between both these two apps. Also important is keeping the same name for both apps to avoid any complications when transferring funds between accounts. So, let’s begin and learn more about it.

As you know there is now direct method for Venmo to PayPal transfer. However, you can still try to move funds from Venmo to PayPal and vice-versa with the help of below mentioned 3 different methods:

• The simplest method to transfer funds from Venmo into PayPal is to withdraw money from your Venmo account and transfer it to the linked bank account.

• When the funds are in your banking institution's account, transfer them into your PayPal accounts by registering your institution as a fund account on PayPal.
• This process could take a few days to finish, based on your bank's processing time.

• Another option is linking the Venmo account to your debit or credit card and using it to transfer funds to PayPal.

• You can also add the debit card as a financing source through PayPal and initiate the transaction from your Venmo account to your linked debit card.

• However, when receiving money via debit card transfer, PayPal might charge a fee.

• If you would like to send money via transfer Venmo to PayPal option, a third-party provider like Zoom or TransferWise can help you. These services generally charge a fee. However, they offer more favourable rates than the ones directly offered through Venmo and PayPal.

• For this you need to link Venmo or PayPal accounts and then transfer using the intermediary service.

Follow the steps mentioned below to transfer money from Venmo to PayPal:

• The first step is to ensure that you have both PayPal and Venmo accounts linked to the same bank account by going to the settings menu of either app and clicking "Add a card or bank".

• The next step is to enter your online banking details, make two small payments to your bank account to verify the reasons, and then use your bank account or card to transfer funds between applications.

• After completing this procedure successfully, the app will enable you to seamlessly transfer funds across apps using either a credit card or bank account.

While both Venmo and PayPal provide excellent solutions for transferring and receiving cash, some important distinctions could affect which best suits your company's needs. Here is what you should know about the Venmo vs PayPal:

• PayPal gives businesses many options to process payments, such as accepting credit and debit cards and mobile apps to take payments. PayPal allows customers from all over the world to use multiple currencies. However, most transactions are subject to a 2.9 per cent processing fee compared to Venmo's no-cost fees.

• PayPal offers a hub of marketplace for commerce, and Venmo gives users simple options of sending money between family or friends.

• PayPal is more suitable for business transactions than Venmo because of its versatility in terms of the amount of money that can be taken per transaction and its comprehensive monitoring tools for both payments and sales. Additionally, it can be used with various payment methods, such as wires and bank transfers, but payroll checks will incur an additional fee of 1.

No, you cannot directly transfer funds from PayPal to Venmo possible. However, you can transfer funds indirectly by using alternative methods.

Yes, you can do so, with the use two platforms: TransferWise and Xoom the third party services.

The time it takes to transfer funds from Venmo to PayPal through an account at a bank depends on processing times, generally ranging between 1 and 3 business days.