Can You Transfer Money From Venmo To Paypal?

Venmo is one of the most popular payment apps in the United States. For millions of Americans, buying tickets on Craigslist and returning money to friends for a meal has become a great way. Specifically, Venmo is made for friends and family who want to share a bill, maybe for a cup of coffee or dinner. Venmo works like a social network where you can like and comment on other people’s payments to see what they’re spending.

Despite its growing popularity, especially in the United States, one question still hesitates; Can you transfer money from Venmo to PayPal? Well, If you want to transfer money from Venmo to Paypal or looking for there any way to send it? You are landed in the right place.

In this article, you will know exactly whether you can transfer money from Venmo to PayPal or not. Along with this, you can also get more information about Venmo and Paypal. Let’s read and learn.

Using Venmo and PayPal

Apart from Paypal, a major drawback of using Venmo is that it is only limited to the United States. In other words, sending money across the country is practically impossible because Venmo is currently only available to users in the United States.

As one of the first payment services and digital wallets, PayPal has dominated the cash app market for over a decade. This is the most recognized way to send money locally and internationally.

PayPal has expanded its service base to become an almost bank-like platform that allows you to not only send money and pay for products but also lend to other commercial products.

Difference between Venmo and PayPal

Difference between Venmo and PayPal

Given that PayPal owns Venmo, we can say that these two platforms have a lot in common. The platforms are almost identical and very easy to use. Both can safely make financial transactions between friends or business partners. However, the main difference is that PayPal has grown immensely it offers a full of financial services and products. Therefore, it seems more like a bank than a payment app. With PayPal, you can transfer large sums of money worldwide, which is not possible with Venmo.

You may also like: Difference Between PayPal Personal and Business Account

So Can You Transfer Money from Venmo to PayPal?

There is no connection between Venmo and PayPal so that you can not transfer money from Venmo to PayPal directly. But it can possible by attaching the same bank account to both of them. The best solution is to transfer money from your Venmo account to your bank account, then link the same bank account to your PayPal account, and then send it to your PayPal account.

Ok, I know you are smart but still if you are confused about how to send money from Venmo to PayPal, then follow the given steps:

1. First of all, you need to set up a bank account and attach it to both your Paypal and Venmo accounts:

  • Go to your PayPal account.
  • Choose “Link a bank” if you are on the website or “Banks and Cards” if you are in the mobile app.
  • Next, enter your online banking details as requested and make two small deposits.
  • Now, move to your Venmo account: go to Settings and select Payment Methods.
  • Next, select “Add a Bank or Card” and choose your verification method.

2. If the bank account is linked to both accounts, then go to your Venmo, select Transfer to Bank, and enter the requested amount.

3. Now, select the transfer option you prefer: Instant or 1-3 business days.

4. Then, tap on the “Transfer” button.

5. After that, go back to your PayPal account and continue to the “Transfer Money” option.

6. Next, select Add money to your balance. You will see the bank account which is linked to both Venmo and Paypal.

7. Now, select your bank account and tap on the “Add” button.

After completing the above process, you will receive your money in your PayPal wallet in 3 to 5 business days.

Currently, this is the only way but maybe in the future, you can transfer money directly. However, if you don’t know how to send money from Venmo to Cash app, check out our guide.

Bottom Line:

Well, this is the end of our article. We hope that the guide clears your vision and helps you to transfer the money from Venmo to PayPal. Apart from this, hope you got some other important information as well. Maybe, we missed some points or if some are not clear, please contact us through the comments below.

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