Venmo is a mobile payment service owned by PayPal that allows users to transfer money to others using a mobile app. It is popular for splitting bills, paying friends, and making quick transactions. Here is easy ways to send money from Venmo to PayPal:
Sending Money From Venmo To PayPal?
To sending money from Venmo to PayPal, follow these simple steps:
- Link Your PayPal Account: Open the Venmo app, go to Settings, and select "Payment Methods." Tap on "Add a Bank or Card," and choose PayPal. Enter your PayPal account details and confirm the link.
- Initiate Transfer: In the Venmo app, tap on the "Pay or Request" icon and select "Pay." Enter the amount you want to transfer to PayPal.
- Select PayPal as Payment Method: Below the amount, you'll see the payment method. Tap on it and select PayPal from the list of available options.
- Complete the Transfer: Tap "Pay" to complete the transfer. Venmo will deduct the specified amount from your Venmo balance and send it to your PayPal account.
- Verify the Transfer: Check your PayPal account to ensure the transfer was successful. It may take a few minutes for the funds to reflect in your PayPal balance.
- Check for Fees: Note that Venmo may charge a fee for transferring funds to PayPal. Check the fee schedule in the Venmo app or on their website for current rates.
- Enjoy Your Transfer: Once the transfer is complete, you can use the funds in your PayPal account for online purchases, sending money to others, or withdrawing to your bank account.
By following these steps, you can easily transfer money from Venmo to PayPal and manage your finances efficiently.
How To Transfer Venmo To PayPal Without Bank Account?
To transfer money from Venmo to PayPal without a linked bank account, you can follow these steps:
- Link a Debit Card to Venmo: Open the Venmo app, go to Settings, and select "Payment Methods." Tap on "Add a Bank or Card," and choose "Card." Enter your debit card details to link it to your Venmo account.
- Add Funds to Venmo: If you don't have a balance in your Venmo account, you'll need to add funds. Tap on the "☰" icon, select "Manage Balance," and then tap "Add Money." Enter the amount you want to transfer to PayPal and use your linked debit card to add funds.
- Initiate Transfer to PayPal: In the Venmo app, tap on the "☰" icon, select "Transfer to Bank," and then choose "Instant." Enter the amount you want to transfer to PayPal.
- Select PayPal as Destination: Instead of selecting a bank account, select "PayPal" as the destination. Enter your PayPal email address when prompted.
- Complete the Transfer: Confirm the transfer details and tap "Transfer." Venmo will deduct the specified amount from your Venmo balance and send it to your PayPal account.
- Verify the Transfer: Check your PayPal account to ensure the transfer was successful. It may take a few minutes for the funds to reflect in your PayPal balance.
- Check for Fees: Note that Venmo may charge a fee for transferring funds to PayPal. Check the fee schedule in the Venmo app or on their website for current rates.
By following these steps, you can transfer money from Venmo to PayPal without a linked bank account. However, you will need a linked debit card to add funds to your Venmo account and complete the transfer.
FAQs
Can I transfer money directly from Venmo to PayPal?
No, there isn't a direct way to transfer money from Venmo to PayPal. You'll need to transfer the funds to your bank account linked to Venmo first and then use that bank account to add funds to your PayPal account.
How long does it take to transfer money from Venmo to PayPal?
If you're transferring money from Venmo to your bank account and then to PayPal, it may take a few business days for the funds to be available in your PayPal account. Instant transfers may be available for a fee.
Are there any fees for transferring money from Venmo to PayPal?
Venmo doesn't charge a fee for transferring money to your bank account, but PayPal may charge a fee for receiving funds. Check PayPal's fee schedule for more information.
Can I use a debit card to transfer money from Venmo to PayPal?
Yes, you can link a debit card to your Venmo account to add funds and then use that balance to transfer money to your bank account and eventually to PayPal.
Is there a limit to how much money I can transfer from Venmo to PayPal?
Venmo has a weekly rolling limit for transfers, which varies based on account verification and history. PayPal also has limits on how much money you can receive, which can vary based on your account status.
Can I cancel a transfer from Venmo to PayPal?
Once a transfer has been initiated from Venmo to your bank account, it cannot be canceled. However, if the funds have not yet been deposited into your bank account, you may be able to cancel the transfer.
Is it safe to transfer money from Venmo to PayPal?
Both Venmo and PayPal use encryption to protect your financial information. However, it's always a good idea to use strong, unique passwords and enable two-factor authentication for added security.