Venmo currently is able to send payments to PayPal accounts from sales. If you want to transfer money from Venmo to PayPal, you have to do it through a bank account that's linked to both of your Venmo and PayPal accounts. Withdraw Venmo funds to the bank account and then add those funds to your PayPal Account via the "Add money" link and choose the same bank account to top up your PayPal Account. Show
PayPal and Venmo are familiar payment platforms to most of us. Both offer easy and fast ways to send money to friends, split bills and pay when shopping online. However, it’s not currently possible to send money directly from your Paypal account to a Venmo account - or vice versa. This Guide Contains:A guide on how to send money from PayPal to Venmo Linking a PayPal debit card with Venmo Costs of sending money from PayPal to Venmo What to avoid when sending money from PayPal to Venmo Sending Venmo to PayPal - is it Possible?It’s not possible to send money from Venmo to PayPal. If you’re shopping online and click on the PayPal button to pay, you might be offered the option to use Venmo to make the payment instead. However, person to person payments between Venmo and PayPal aren’t available yet. If you're interested in finding an international transfer provider instead, you can read about these 5 great alternatives to Venmo to send convenient foreign payments. How to Send Money from PayPal to Venmo - All the OptionsUnfortunately at this stage there is no direct way to send money from PayPal to Venmo. Even though both payment platforms work in similar ways, and have a similar user experience, they’re not linked. If you want to send money to someone from your PayPal account, the easiest way might be to simply have your recipient open a PayPal account and use that instead of trying to send to Venmo. Opening an account with PayPal is easy and free. Once your recipient has opened their PayPal account they can then withdraw the payment you send to their regular bank account, or use it when shopping online for example. However, that might not always be possible to just avoid the problem. So what to do if someone has asked you to Venmo them and you want to pay from your PayPal balance? Or if you’re looking to transfer money between PayPal and Venmo accounts you hold in your own name? Options for sending money from PayPal to Venmo:
Pros and Cons1. A linked bank account to connect your PayPal and Venmo accounts
2. Linking a PayPal debit card to your Venmo account
The Costs:PayPal to Venmo payment methodCosts - assuming USD denominated accountsUse linked bank account to connect PayPal and Venmo accounts
Link a PayPal debit card to your Venmo account
What to avoid when sending money from PayPal to VenmoAs you’ve seen, there are a few potential costs you might run into when you make a payment from PayPal to Venmo. There are also extra fees if you’re using a bank account in a foreign currency, or hold a PayPal balance in anything other than USD. That’s because both PayPal and traditional banks tend to charge fairly high fees for currency conversion. Costs may include upfront admin fees, and markups added to the exchange rate used. These charges can push up the overall price of currency conversion significantly, and make it more expensive to send money from PayPal to Venmo. Let’s say you hold a PayPal balance in euros, and want to use it to send a payment to a friend using Venmo. Venmo payments can only be accepted in USD, so you’ll need to convert the euro balance you hold to dollars to pass it on. One way to do this is to convert the money in your PayPal account before you send it to your linked bank account, or before you use it to send to Venmo using your PayPal card. However, in this case you’ll pay PayPal’s currency conversion fee which is 3% of the payment value, as well as any other fees you need to pay as part of the transfer. So there you have it - the full guide to sending money from PayPal to Venmo. At the moment making payments between these two major platforms is not a straightforward process. Using one of the workarounds we have explored can help you connect Venmo and PayPal to process a payment. Watch out for the potential costs, and try to give yourself a few days to get everything set up to make sure everything goes smoothly. How do I use my Venmo cash balance to pay?You can find the Pay/Request button at the bottom of your Venmo app. After tapping there, add as many friends as you'd like to pay or charge, enter an amount, and add a note. Once you're ready, tap “Request” or “Pay”, and you should be all set!
How do I use Venmo balance instead of card?If you have access to a balance, you can use your balance for payments. You can also use Venmo at checkout on authorized merchants' apps or mobile websites. Some merchants also allow purchases using Venmo QR codes at their in-store checkout.
Why can't I use my Venmo balance?You can't use the money in your balance to make payments on Venmo until you verify your identity. To check if you have access to your balance, tap your profile picture in the bottom-right corner, then Settings. Tap Payment Methods. If you see Venmo Balance at the top of your screen, you have access to this feature.
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