How to Send Money from PayPal to Venmo?

PayPal and Venmo are two popular payment platforms that offer users the convenience of sending and receiving money electronically. However, many individuals are often unsure about transferring funds from PayPal to Venmo. If you want to send money from your PayPal account to your Venmo account, you have come to the right place.

So, let’s begin and go through the step-by-step process of sending money from PayPal to Venmo. You will learn all the important aspects such as the transfer process, the fees involved, and the necessary steps to link your accounts. So, we have got you covered whether you need to split a bill, pay a friend, or transfer funds between your accounts.

How Does the PayPal-to-Venmo Money Transfer Process Work?

When transferring money from PayPal to Venmo, it is important to understand the underlying process. While PayPal Holdings Inc. owns PayPal and Venmo, they operate as separate entities with distinct features. Currently, there is not a direct option to transfer funds from PayPal to Venmo or vice versa within the platforms. However, there are alternative methods you can utilize to achieve your goal.

One method involves using a trusted third-party service as an intermediary between PayPal and Venmo. These services allow you to transfer funds from your PayPal account to their platform and then transfer the funds to your Venmo account. While this method adds an extra step to the process, it provides a workaround solution until a direct integration between PayPal and Venmo is established.

What are the Fees & Charges for Sending Money from PayPal to Venmo?

Before initiating any money transfer, knowing the fees involved is crucial. While PayPal and Venmo offer convenient services, they impose certain transaction costs. Let's explore the fees associated with sending money from PayPal to Venmo.

· PayPal Fees: When transferring money from your account to a third-party service, such as the intermediary mentioned earlier, PayPal may charge a transaction fee. The fee structure can vary based on the amount transferred and the specific service used. It is important to review PayPal's fee guidelines or contact their customer support for the most accurate information.

· Intermediary Fees: The third-party service you choose to facilitate the transfer may also charge a fee for their services. These fees can vary among service providers, so it is advisable to compare options and choose one that offers competitive rates.

It is essential to factor in these fees while calculating the total cost of transferring money from PayPal to Venmo. Make sure to consider the convenience and speed of the transfer alongside the associated fees.

All Steps to Send Money from PayPal to Venmo Using Your Mobile Phone

You will need to follow a few simple steps to send money from PayPal to Venmo account. Follow the below mentioned steps:

Step 1: Linking Your PayPal Account with Your Venmo Account

· Open the Venmo app on your mobile phone.

· Tap the menu icon (three horizontal lines) in the screen's top left corner.

· Scroll down and select "Settings."

· Under the "Settings" menu, tap on "Payment Methods."

· Choose the option to add a bank or card.

· Select "PayPal" from the list of options.

· Follow the prompts to log in to your PayPal account and grant Venmo access.

· Once successfully linked, you will see your PayPal account listed as a payment method in Venmo.

Step 2: Setting Up Payment Methods for Sending Money from PayPal to Venmo or Vice Versa

Before initiating the transfer, ensure you have added the appropriate payment methods to your PayPal and Venmo accounts. This step will ensure a smooth transaction process.

For PayPal:

· Log in to your PayPal account.

· Navigate to the "Wallet" tab.

· Click on "Link a debit or credit card" or "Link a bank account."

· Follow the instructions provided to add your preferred payment method.

· Verify and confirm the added payment method.

For Venmo:

· Open the Venmo app on your mobile phone.

· Tap the menu icon (three horizontal lines) in the screen's top left corner.

· Scroll down and select "Settings."

· Under the "Settings" menu, tap on "Payment Methods."

· Choose the option to add a bank or card.

· Follow the prompts to add your preferred payment method.

· Verify and confirm the added payment method.

Step 3: Sending Money from PayPal to Your Venmo Account

Now that your accounts are linked and payment methods are set up, you can send money from PayPal account to Venmo account. Here is how you can do it:

· Log in to your PayPal account.

· Click on the "Send & Request" tab.

· Select the option to "Send money to friends and family."

· Enter the recipient's email address associated with your Venmo account.

· Input the desired amount you wish to transfer.

· Choose the payment method linked to your PayPal account.

· Review the transaction details and click "Send."

· The funds may take a few minutes to reflect in your Venmo account. Once the transfer is complete, you can use the funds within your Venmo account for various transactions.