PayPal and Venmo are two of the most popular digital payment services today. They both offer secure and convenient ways to send and receive money online. However, it is not possible to directly transfer money from PayPal to Venmo.
In this blog post, we will discuss the different methods you can use to successfully complete a money transfer from PayPal to Venmo.
Can You Transfer Money From PayPal to Venmo?
It is not possible to send money directly from PayPal to Venmo because the two companies do not have a direct connection. However, there are several ways to transfer money between the two services.
You can also link your bank account with both Venmo and PayPal, which will allow you to transfer money from PayPal to your bank account and then from your bank account to your Venmo account.
How to Transfer Money from PayPal to Venmo
Transferring Money from PayPal to Venmo via Bank Account or Debit Card
The simplest way to transfer funds from PayPal to Venmo is through a bank account or debit card linked to both accounts. This method allows you to instantly move funds between both accounts without any extra fees or charges.
To do this, log in to your PayPal account and select “Add Funds” under the “Accounts & Settings” tab. Select “Link a Bank Account” and enter your bank account details.
Once you have added your bank account as a funding source, select “Transfer Money” under the same tab and choose “PayPal balance” as the source of funds.
Enter the amount you want to be transferred and click on “Continue.” You will then be asked for your debit card details if you haven’t already added them as a funding source for your Venmo account.
After entering all necessary information, click on “Submit” to initiate the transfer process. Note that transfers may take up to 4-5 days depending on where you live.
You can also use your debit card instead of linking a bank account by selecting “Add Funds With Debit Card” instead of “Link A Bank Account”.
This is an instant transfer but comes with an additional fee of 2% per transaction (up to $10).
Transferring Money From PayPal To Venmo Via Friends & Family
Another way you can move funds from Paypal into your Venmo balance is by sending money via the friends & family option on Paypal.
To do this, log in to your Paypal account and select “Send & Request” located at the top right corner of the page.
Enter your friend’s email address (the person whose Venmo balance you want to be credited) and enter the amount of money you want to be sent over.
Make sure that the ‘Personal’ tab is selected and click on “Continue.”
On the next page, select “Friends & Family” as the payment option before clicking on the “Send Now” button at bottom of the page.
Your friend will receive an email notification about incoming payment along with instructions for claiming it in their Venmo wallet immediately after it has been sent out successfully by the Paypal side!
When transferring money between two different digital payment services such as Paypal and Venmo, it is important that you consider all available options in order better optimize the process while keeping costs low.
The two most common ways are through linking either a bank account or debit card directly associated with both accounts or sending funds via the friends & family option on the PayPal side which requires a bit more work but could be faster depending on where the recipient lives!
Overall though, no matter what method is used – both options should provide secure transactions allowing users peace of mind when making/receiving payments electronically!
READ MORE: Do you need a bank account to use PayPal?