Do you use Venmo or PayPal for peer-to-peer payment sends? If you use both platforms, there might be a time when you need to send paypal money to Venmo. Maybe your friend only uses PayPal, but you have cash in your Venmo account to pay for your dinner. Or maybe you’re purchasing from an e-commerce website that accepts PayPal, but not Venmo, as a form of payment.
Although PayPal owns Venmo, you might be surprised to learn that you cannot send funds directly between the two services. Fortunately, figuring out how to send money from Venmo to PayPal is easy as long as both accounts share the same bank account as a funding source.
How To Send Funds Out of Your Venmo Account?
The first step in sending money from Venmo to PayPal is getting the funds out of your Venmo account and into your linked bank account. You can follow these steps to do so.
Open Venmo and click the “You” tab.
Select “send balance.”
Enter the amount you wish to send and whether you want the funds sent instantly or within 1 to 3 business days.
If you choose to instantly send, you’ll pay 1.75% of the total spend amount in fees, up to $25, which will be deducted from the amount you receive in your bank account.
How To Send Those Funds To Your PayPal Account?
Once the money has appeared in your bank account, you can send the money to your PayPal account. If you choose to send it instantly, this shouldn’t take more than a few minutes. Here are the steps you should follow:
Sign in to your PayPal app and select “Wallet.”
Click on “Send Money.”
Lastly, select “Add Money to Your Balance.”
Be aware that it could take three to five business days for the money to appear in your PayPal account. You can send the money instantly, but plan for a fee of 1.75% of the total spend amount, up to a maximum of $25.
Is Venmo the Same as PayPal?
Venmo and PayPal are very similar services, providing fee-free money sent to friends and family and an easy way for businesses to accept payments for goods or services. Both platforms offer payment protection for purchases.
PayPal has recently added extra features, including a PayPal savings option, where you can earn interest on your money.
Final Take:-
Learning how to send money from Venmo to PayPal is a simple process if both accounts share the same bank account. With just a few steps, you can easily have your funds in the app you need. Just keep in mind that it might take a few days for the money to appear.
How do I link my PayPal to Venmo?
Directly linking PayPal to Venmo is not possible. However, you can indirectly link them by using the same bank account as a funding source for both platforms. This way, you can send funds from Venmo to your bank account, and then from your bank account to PayPal.
How do I send money from Venmo?
To send money from Venmo, you can follow these steps:
Go to the "You" tab.
Select "Send Balance."
Enter the amount.
Choose the send speed.
Remember, instant sends come with a fee of 1.75% of the send amount, or a minimum of 25 cents or a maximum of $25.
Does PayPal own Venmo?
Yes, PayPal owns Venmo. PayPal acquired Venmo as part of its purchase of Braintree in 2013.
Can you send money from Venmo to Cash App?
Direct sends from Venmo to Cash App are not possible. Like sending to PayPal, you'd need to first send your Venmo balance to a mutual bank account, and then from that bank account to your Cash App.