In today’s digital age, the ability to transfer funds between different financial platforms is a necessity for many. Venmo and PayPal are two of the most popular money transfer services available, each offering unique features and benefits. However, transferring money directly from Venmo to PayPal can be a bit tricky, as there is no direct method to do so. In this comprehensive guide, we will explore the steps you need to take to successfully send money from Venmo to PayPal.

Understanding the Challenge: Can You Transfer Money From Venmo To PayPal?

Before we dive into the step-by-step process, it’s important to understand why there is no straightforward way to transfer money from Venmo to PayPal. Both Venmo and PayPal are owned by the same parent company, PayPal Holdings, Inc., yet they operate as separate entities with distinct systems and policies. This separation means there is no direct integration between the two platforms for transferring funds. However, there are workarounds that can help you achieve this transfer indirectly.

Setting Up a Linked Bank Account

The most effective method to Transfer Venmo To Paypal involves using a linked bank account as an intermediary. Here’s how you can set up and use a linked bank account to facilitate the transfer:

Step 1: Link Your Bank Account to Venmo

  1. Open the Venmo App: Launch the Venmo app on your smartphone and log in to your account.
  2. Go to the Menu: Tap on the three horizontal lines in the top-left corner to open the menu.
  3. Select “Settings”: Scroll down and tap on “Settings.”
  4. Choose “Payment Methods”: Under “Preferences,” select “Payment Methods.”
  5. Add Bank Account: Tap on “Add a bank or card…” and then choose “Bank.”
  6. Enter Bank Details: Follow the prompts to enter your bank account information. Venmo will typically verify your bank account by making two small deposits, which you will need to confirm within the app.

Step 2: Transfer Money from Venmo to Your Bank Account

  1. Open the Venmo App: Ensure you are logged in to your Venmo account.
  2. Initiate a Transfer: From the main screen, tap on the menu icon and select “Manage Balance.”
  3. Transfer to Bank: Choose “Transfer to Bank” and enter the amount you wish to transfer.
  4. Select Transfer Speed: Venmo offers two transfer speeds – Instant (for a small fee) or Standard (free, but takes 1-3 business days).
  5. Confirm Transfer: Review the details and confirm the transfer. The funds will move from your Venmo balance to your linked bank account.

Step 3: Link Your Bank Account to PayPal

  1. Log in to PayPal: Access your PayPal account via the PayPal app or website.
  2. Go to Wallet: Click on “Wallet” at the top of the page.
  3. Link a Bank Account: Click on “Link a bank account” and enter your bank details.
  4. Confirm Bank Account: PayPal may require you to confirm your bank account in a similar manner to Venmo, using small deposits for verification.

Step 4: Transfer Money from Your Bank Account to PayPal

  1. Log in to PayPal: Open your PayPal account.
  2. Go to Wallet: Navigate to “Wallet” from the main menu.
  3. Add Funds: Select “Add money” and choose your linked bank account.
  4. Enter Amount: Input the amount you transferred from Venmo and initiate the transfer.
  5. Complete Transfer: The funds will be moved from your bank account to your PayPal balance, usually within 3-5 business days.

Alternative Methods: Transfer Venmo to PayPal Using a Debit Card

If you prefer not to use a bank account, another method involves using a debit card linked to both Venmo and PayPal. Here’s how:

Step 1: Link Your Debit Card to Venmo

  1. Open the Venmo App: Log in to your Venmo account.
  2. Go to Settings: Access “Settings” from the menu.
  3. Add Payment Method: Select “Payment Methods” and then “Add a bank or card.”
  4. Choose Card: Enter your debit card information and confirm.

Step 2: Link the Same Debit Card to PayPal

  1. Log in to PayPal: Open your PayPal account.
  2. Go to Wallet: Click on “Wallet” and select “Link a card.”
  3. Enter Card Details: Input the same debit card information linked to Venmo.

Step 3: Transfer Money Using the Debit Card

  1. Withdraw from Venmo: Transfer the desired amount from your Venmo balance to your debit card.
  2. Add Funds to PayPal: Use the linked debit card to add funds to your PayPal account.

Using a Friend or Family Member’s Help

Another workaround to transfer money from Venmo to PayPal is to involve a trusted friend or family member who has accounts on both platforms:

  1. Send Money to Friend on Venmo: Transfer the desired amount from your Venmo account to their Venmo account.
  2. Friend Transfers to PayPal: Your friend can then use their linked bank account or debit card to transfer the money to their PayPal account.
  3. Receive Money on PayPal: Your friend can send the funds to your PayPal account.

Conclusion

While there is no direct method to transfer money from Venmo to PayPal, the steps outlined above provide effective workarounds to achieve this. By using a linked bank account, debit card, or involving a trusted intermediary, you can successfully move your funds between these two popular platforms. Always ensure that you follow the verification steps for linking accounts and cards to facilitate smooth and secure transfers.