Can I Transfer Funds from PayPal to Venmo? (Complete Guide) from goldie smithusa's blog

Due to the differences in between these two platforms - despite them both being owned and operated by PayPal - it is currently not possible to transfer money from PayPal to Venmo directly. However, users can use the alternative methods to transfer money between the two accounts. A linked bank account is a common way to move money between accounts. First, transfer money from your PayPal to your bank. You can transfer the money to Venmo once it is in your bank.

If you have both a PayPal and Venmo account linked to a debit card, you can also transfer money faster by adding funds to your PayPal account with the debit card and then transferring these funds to Venmo. PayPal Cash Card is another option. It acts as a bridge between the two platforms. You can send money quickly and easily by linking your Venmo card to the PayPal Cash Card. So, let’s begin and learn more about it.

 

Direct Transfer from PayPal to Venmo: Is It Possible?

There is no direct way, yet, to send money from PayPal to Venmo and vice versa. Although both platforms are under the PayPal umbrella, they have different infrastructures and audiences. Due to this separation, funds cannot be transferred between two PayPal accounts in a single click.

 

How to Transfer Money from PayPal to Venmo?

Here are the different options available to send money from PayPal to Venmo:

Method 1: Using a Linked Bank Account

One of the easiest ways for PayPal send money to Venmo is by using a bank account that has been linked. Here is how to do it:

Transfer money from PayPal to your bank account:

·       Log in to your PayPal account.

·       Select "Transfer Money" from the "Wallet" menu.

·       Select the bank account linked to "Transfer" by clicking on it.

·       Enter the amount that you wish to transfer, and then confirm.

Transfer Money from Your Bank Account to Venmo:

·       Log in to the Venmo App.

·       Select "Manage Balance" from the menu.

·       Select the bank account linked to "Add Money."

·       Enter the amount and confirm the transfer.

·       This could take up to a couple of business days, depending on the processing time at your bank.

 

Method 2: Using a Debit Card Linked to Both Accounts

You can transfer money using a debit card that is linked to your PayPal and Venmo account. Here is how to do it:

Add Money to PayPal Using the Linked Debit Card:

·       Log in to your PayPal account.

·       Select "Link a Debit Card" under "Wallet."

·       Follow the prompts on your screen to add money and link your card.

 

Add Money to Venmo Using the Same Debit Card:

·       Open the Venmo App

·       Select "Manage Balance" from the menu.

·       Select "Add money" and enter the same card linked to PayPal.

·       This method is usually faster than a bank transfer.

 

Method 3: Using a PayPal Cash Card

PayPal Cash Card is another effective way to pay. The card lets you access your PayPal account and use it as a debit card. To use the PayPal Cash Card:

Get a PayPal Cash Card:

·       Apply for a PayPal cash card through your PayPal account.

·       Link the card to your PayPal account once it is approved.

Link the PayPal Cash Card to Venmo:

·       Open the Venmo App

·       Select "Payment methods" from the menu.

·       Select "Card" under "Add a Bank or Card."

·       Enter the PayPal Cash card details.

 

Transfer Money Using the Card:

·       You can use the PayPal Cash Card to send money to your Venmo account, just like any other debit card.

 

FAQ

Can I transfer money directly from PayPal to Venmo?

There is currently no direct method for transferring money from PayPal into Venmo.

 

Can I use the same bank account for both PayPal and Venmo?

You can use the same bank account for both PayPal and Venmo, making it easy to transfer money between the platforms.

 

What is a PayPal Cash Card, and how can it help in transferring money?

PayPal Cash Card: A debit card that is linked to your PayPal account. It can be used to send money to Venmo if you add it as a payment option in the Venmo application.

 

Are there any risks involved in transferring money between PayPal and Venmo?

It is important to ensure that your account is secure and that money is only transferred between accounts you control. Enable security features such as two-factor authentication.