Venmo is the most popular payment platform in the world after PayPal. PayPal Holdings Inc. owns both, but they have distinct features and users. The separation between the two platforms often raises questions about their interoperability, especially when it comes to transferring money. A common question is whether you can transfer money from Venmo to PayPal. Due to the separation of the platforms' operations, it is not possible to transfer your Venmo account balance to PayPal. You can send money PayPal to Venmoindirectly by using a linked account. Transfer your Venmo account balance into your bank account.
The standard transfer process can take 1-3 days, or you can do it instantly for a small fee. You can transfer the funds to your PayPal account once they are in your account. Open the PayPal app and go to "Add Funds". Select your bank account linked, enter the amount to be transferred, and then confirm the transaction. You can easily send Venmo money to PayPal using this method, but it will take a little more time.
Can You Transfer Money Directly from Venmo to PayPal?
There currently needs to be a direct method to transfer money between your Venmo and PayPal accounts. Venmo is a separate system from PayPal, and they do not allow direct transfers. However, there are some indirect ways for PayPal send money to Venmo. Understanding these methods will help you navigate limitations and still achieve the goal.
Method 1: Using a Linked Bank Account
A linked bank account can be used as an intermediary to send money from Venmo to PayPal.Here is how to do it:
Step 1: Transfer Money from Venmo to Your Bank Account
- Open the Venmo app on your phone.
- You can usually find this option in the menu.
- Specify how much you want to transfer.
- Select the linked bank where you wish to transfer funds.
- Please review the details and confirm the transfer. Standard transfers can take 1-3 days, while instant transfers cost extra.
Step 2: Transfer money from your bank account to PayPal
- Log in to your PayPal account
- Go to the section where you can add money from your bank account.
- Select your bank account
- Enter the amount that you wish to transfer to PayPal.
- Confirm the transaction and wait until funds appear on your PayPal account. It usually takes between 1-3 days.
Method 2: Using a Debit Card
You can transfer by using a debit card that is linked to your Venmo account and PayPal account.
Step 1: Transfer Money from Venmo to Your Debit Card
- Open the Venmo app on your phone.
- Choose the Transfer option.
- Select your linked debit card to be the recipient of the transfer.
- Enter the amount you wish to transfer, and then confirm.
Step 2: Add money to PayPal using your debit card
- Log in to PayPal and access your account.
- Add funds by clicking on "Add Funds".
- Select your debit card: Use the same debit cards you used to pay with Venmo.
- Enter the amount you want to add to PayPal.
- Complete the process by verifying the transfer.
FAQ
How do I transfer money out of Venmo?
Log in to your Venmo account and select "Transfer to Bank". Enter the amount you want to transfer, then confirm the transfer. Standard transfers can take up to three business days. Instant transfers can be made for a small fee.
Can you send money directly from your Venmo balance?
Your Venmo balance can be used to make purchases at merchants that accept Venmo or to send money to other Venmo customers.
Can I transfer a Venmo balance to PayPal?
Venmo does not allow you to transfer your balance directly to PayPal. You can, however, transfer the balance into your linked bank account before moving it to PayPal.
Can I pay someone using PayPal with Venmo?
Venmo does not allow you to pay someone directly via PayPal. Venmo funds must be transferred to your bank account before you can use them to pay someone via PayPal.
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