Can You Send Money from Venmo to PayPal and How?

Venmo and PayPal are two of the most popular payment platforms used worldwide. Users often wonder if it’s possible to transfer money between them. In this article, we’ll explore how to send money from Venmo to PayPal and vice versa.

Sending Money from Venmo to PayPal

Sending money from Venmo to PayPal is not a direct process due to the different functionalities of each platform. However, you can achieve this indirectly by using a bank account as an intermediary. Here’s how:

1. Link Your Bank Account to Venmo:
   • Open the Venmo app and navigate to the “Settings” menu.
   • Select “Payment Methods” and then “Add a Bank” to link your bank account.
   • Follow the instructions to verify your bank account.
2. Transfer Funds to Your Bank Account:
   • Once your bank account is linked and verified, initiate a transfer from Venmo to your bank account.
   • Go to the Venmo balance section, tap on “Transfer to Bank,” and enter the amount you wish to transfer.
   • Confirm the transaction details and submit the transfer.
3. Link Your Bank Account to PayPal:
   • Log in to your PayPal account and go to the “Wallet” section.
   • Click on “Link a bank” and select the bank account you’ve added to Venmo.
   • Follow the prompts to link and confirm your bank account with PayPal.
4. Transfer Funds from Your Bank Account to PayPal:
   • Once your bank account is linked to PayPal, initiate a transfer from your bank account to PayPal.
   • Go to the “Wallet” section of your PayPal account, click on “Transfer Money,” and then “Add Money to Your Balance.”
   • Enter the amount you want to transfer and confirm the transaction.
5. Verify the Transfer:
   • After the transfer is complete, check your PayPal balance to ensure the funds have been successfully transferred.

This indirect method allows you to send money from Venmo to PayPal effectively. However, keep in mind that it may take a few business days for the transactions to process fully.

Sending Money from PayPal to Venmo

While PayPal to Venmo transfers are not direct, you can follow these steps to transfer money from PayPal to Venmo via a bank account:

1. Link Your Bank Account to PayPal:
   • Log in to your PayPal account and navigate to the “Wallet” section.
   • Click on “Link a bank” and select the bank account you wish to use for the transfer.
   • Follow the instructions to link and verify your bank account.
2. Transfer Funds to Your Bank Account:
   • Once your bank account is linked and verified, transfer money from PayPal to your bank account.
   • Go to the “Wallet” section, select “Transfer Money,” and then “Transfer to Your Bank.”
   • Enter the amount you want to transfer and confirm the transaction.
3. Link Your Bank Account to Venmo:
   • Open the Venmo app and go to the “Settings” menu.
   • Tap on “Payment Methods” and then “Add a Bank” to link your bank account.
   • Follow the prompts to verify your bank account.
4. Transfer Funds from Your Bank Account to Venmo:
   • After linking your bank account to Venmo, initiate a transfer from your bank account to Venmo.
   • Go to the Venmo balance section, tap on “Transfer to Bank,” and then select the bank account you’ve linked.
   • Enter the amount you wish to transfer and confirm the transaction.
5. Verify the Transfer:
   • Check your Venmo balance to ensure the funds have been successfully transferred from PayPal.

Conclusion

While direct transfers between Venmo and PayPal are not possible, you can effectively transfer money between the two platforms using a bank account as an intermediary. This process involves linking your bank account to both Venmo and PayPal, transferring funds from one platform to your bank account, and then from your bank account to the other platform. Ensure all transactions are confirmed and allow a few business days for processing.

FAQs

1. Can I directly transfer money from Venmo to PayPal?

No, Venmo and PayPal do not support direct transfers between each other. They operate as separate payment platforms with distinct functionalities. However, you can transfer money indirectly by using a bank account as an intermediary.

2. How do I link my bank account to Venmo?

To link your bank account to Venmo, follow these steps:

• Open the Venmo app and navigate to the “Settings” menu.
• Select “Payment Methods” and then “Add a Bank.”
• Follow the prompts to enter your bank details and verify your bank account.

3. How do I link my bank account to PayPal?

To link your bank account to PayPal, here’s what you need to do:

• Log in to your PayPal account and go to the “Wallet” section.
• Click on “Link a bank” and select your bank from the list.
• Follow the steps to link and verify your bank account with PayPal.

4. How long does it take to transfer money from Venmo to PayPal via a bank account?

The transfer time can vary, but typically it takes 1-3 business days for the funds to appear in your PayPal account after you’ve transferred them from Venmo to your bank account and then to PayPal.

5. Are there any fees associated with transferring money between Venmo and PayPal?

Venmo does not charge a fee for transferring money to your bank account. However, PayPal may charge fees for receiving money, especially if it involves a currency conversion or a credit/debit card transaction. Be sure to check PayPal’s fee structure for more details.