PayPal and Venmo are two of the most popular payment options. Each offers unique features and services. Many users wonder: Can you send money from PayPal to Venmo? Well, there is no direct method to transfer money between the two services. However, there are some alternative methods available. Linking a shared debit or bank card between PayPal and Venmo is one way to move money between platforms. You can also transfer money directly from PayPal into your bank account.
Moreover, third party services such as Wise offers transparent and transfers with minimum fees. They even compare these to other providers so you can get the best deal. The fastest and easiest way to transfer money between PayPal to Venmo is to use bank accounts. However, you must have both US bank accounts in your name. PayPal will convert your transaction into USD as Venmo accepts only USD payments. You will have to pay a small fee for this currency conversion.
What is the difference between PayPal vs. Venmo?
PayPal and Venmo, two popular payment apps, make it easy to transfer money between users. PayPal was created in 1998 to make online payments for businesses. On the other hand, Venmo was launched eleven years later and aims to simplify everyday transactions between family and friends. Both offer similar features, such as secure technologies to protect sensitive information and the ability to make electronic purchases.
PayPal is more popular than Venmo and is available in more countries. This makes it a better choice for businesses with international operations. PayPal offers business features such as its Business Accounts and Working Capital Services, while Venmo is more focused on social transfers with only US peer-to-peer transfers.
Can You Send Money from PayPal to Venmo?
Users can use alternative methods to send money from PayPal to Venmo. Direct transfers from PayPal to Venmo may not be possible. You need to follow the steps mentioned below:
• One way to do this is to link your PayPal and Venmo accounts. Transferring money from your PayPal account to the linked bank account allows you to withdraw money and add it to Venmo.
• You can also link your debit card with both PayPal and Venmo. You can add money from your PayPal account to the linked debit card and transfer it to your Venmo.
• Sometimes, friends and acquaintances may be willing to facilitate a transfer by sending money directly from their PayPal accounts to their Venmo accounts or vice-versa. This method is based on trust and cooperation among individuals.
How to Transfer Money from PayPal to Venmo
The process of indirect transfers is simple, even though it requires additional steps. Here are the simple steps on Paypal send money to Venmo:
• Log in to your PayPal account and go to the "Wallet" section.
• Choose "Transfer money" to send funds to your linked debit card or bank account.
• Open the Venmo App on your mobile or the Venmo Website once the money appears in your bank account.
• Select "Add Money" from the "Balance Tab."
• Select the option to add money from your linked debit or credit card. Specify the amount.
• Follow the steps if you need to authenticate your identity or confirm the transaction.
• The funds transferred should now be available on your Venmo balance.
