Transferring money from Venmo to PayPal directly is not currently supported as the two services operate independently and do not offer direct transfer capabilities. However, there are workaround methods to transfer money between these platforms. Below, we'll explore these methods to facilitate your Venmo to PayPal transfer.
Can I Transfer Money From Venmo To PayPal?
While there isn't a direct transfer option available to send money from Venmo to PayPal, you can achieve this by leveraging your linked bank account. This process involves transferring your funds from Venmo to your bank account and then from your bank account to PayPal. Though it's not as seamless as a direct transfer, it's a reliable and effective method.
How To Transfer Money From Venmo To PayPal?
Here are the steps you need to follow to transfer money from Venmo to PayPal:
1. Transfer Money from Venmo to Your Bank Account
Open the Venmo App: Launch the Venmo app on your mobile device.
Go to the Menu: Tap on the three horizontal lines in the top-left corner to open the menu.
Select “Transfer to Bank” or “Cash Out”: Navigate to the option where you can transfer funds to your bank account.
Choose Transfer Method: Select either “Instant” or “1-3 Biz Days” based on your urgency. The “Instant” transfer charges a fee, while the standard transfer is free but takes longer.
Enter Amount: Input the amount you wish to transfer.
Confirm Transfer: Follow the on-screen prompts to confirm the transfer to your linked bank account.
2. Transfer Money from Your Bank Account to PayPal
Open the PayPal App: Launch the PayPal app or go to the PayPal website.
Log In to Your Account: Ensure you're logged into the PayPal account where you want to transfer the money.
Go to “Wallet” or “Add Money”: Find the section in the app or website where you can add funds to your PayPal account.
Link Bank Account (If Not Already Linked): If your bank account is not already linked to PayPal, follow the instructions to link it.
Transfer Funds: Choose the option to add money from your bank account. Enter the amount and follow the on-screen instructions to complete the transfer.
Frequently Asked Questions (FAQs)
Q1: Can I Transfer Money Directly From Venmo To PayPal?
No, Venmo does not support direct transfers to PayPal. You need to transfer funds through your linked bank account.
Q2: Are There Any Fees For Transferring Money From Venmo To PayPal?
Venmo charges a fee for instant transfers to your bank account. However, standard transfers to your bank are free. PayPal generally does not charge fees for adding money from a linked bank account.
Q3: How Long Does It Take To Transfer Money From Venmo To PayPal?
The transfer from Venmo to your bank account can take up to 3 business days (or be instant with a fee). The subsequent transfer from your bank to PayPal also usually takes 3-5 business days.
Q4: Can I Link The Same Bank Account To Both Venmo And PayPal?
Yes, you can link the same bank account to both Venmo and PayPal, which is necessary for transferring money between Venmo To Paypal.
Q5: What Are The Alternatives To Transfer Money From Venmo To PayPal?
You can use a third-party service that supports both Venmo and PayPal, but this often incurs additional fees. The bank account transfer method remains the most straightforward and cost-effective solution.
By following these steps, you can effectively transfer money from Venmo to PayPal, even though it requires an extra step through your bank account. This workaround ensures that you can move your funds where you need them with a bit of planning and patience.
