How To Send Money from PayPal To Venmo (Complete Guide)

In today's digital age, transferring money between different financial platforms is essential for many individuals and businesses. PayPal and Venmo are two of the most popular money transfer services available, each with its unique features and benefits. This comprehensive guide will walk you through the process of sending money from PayPal to Venmo, ensuring a seamless and efficient transaction.

Understanding PayPal and Venmo

PayPal is a global online payment system that supports online money transfers and serves as an electronic alternative to traditional paper methods like checks and money orders. Venmo, owned by PayPal, is a mobile payment service that allows users to transfer money to others using a mobile phone app.

Despite being owned by the same company, PayPal and Venmo operate on different platforms, which mean transferring money directly between them isn't straightforward. However, there are methods to facilitate this process, and this guide will detail each step.

Setting Up Your Accounts

Before you can transfer money between PayPal and Venmo, you need to ensure that both accounts are properly set up and linked to a bank account.

Setting Up Your PayPal Account

1. Create a PayPal Account: If you don't already have a PayPal account, visit the PayPal website and sign up.
2. Link a Bank Account: To link your bank account, go to your PayPal Wallet and select "Link a bank."
3. Verify Your Bank Account: PayPal will make two small deposits into your bank account. Enter these amounts in your PayPal account to verify the link.

Setting Up Your Venmo Account

1. Download the Venmo App: The Venmo app is available for download on both iOS and Android devices.
2. Create a Venmo Account: Sign up for a Venmo account using your email address or phone number.
3. Link a Bank Account: Go to the “☰” menu, tap on “Settings,” and then “Payment Methods.” Choose "Add a bank or card," then follow the prompts to link your bank account.
4. Verify Your Bank Account: Similar to PayPal, Venmo will deposit small amounts into your bank account for verification.

Transferring Money from PayPal to Your Bank Account

Since there is no direct transfer option from PayPal to Venmo, the process involves transferring money from PayPal to your bank account, then from your bank account to Venmo.

Steps to Transfer Money from PayPal to Bank Account

1. Log In to PayPal: Open the PayPal app or website and log in to your account.
2. Go to Wallet: Navigate to the "Wallet" section.
3. Withdraw Funds: Select "Transfer to your bank" and choose the linked bank account. Enter the amount you wish to transfer.
4. Confirm Transfer: Review the details and confirm the transfer. The funds will typically appear in your bank account within 1-3 business days.

Transferring Money from Bank Account to Venmo

Once the funds are in your bank account, you can transfer them to your Venmo account.

Steps to Transfer Money from Bank Account to Venmo

1. Open Venmo App: Log in to your Venmo account.
2. Go to Add Money: Tap on the "☰" menu, then select “Manage Balance” and “Add Money.”
3. Enter Transfer Details: Choose your linked bank account and enter the amount you want to transfer to Venmo.
4. Confirm Transfer: Review and confirm the details. The transfer usually takes 3-5 business days to complete.

Using a PayPal Debit Card

Another method to facilitate the transfer is using a PayPal Debit Card.

1. Request a PayPal Debit Card: If you don't have one, you can request it through your PayPal account.
2. Link PayPal Debit Card to Venmo: Go to Venmo's “☰” menu, tap on “Settings,” then “Payment Methods.” Choose to add a card and enter your PayPal Debit Card details.
3. Transfer Funds Using Card: Once the card is linked, you can use it to transfer funds directly to your Venmo account.

Conclusion

Transferring money from PayPal to Venmo involves a few extra steps, but it is entirely manageable with a bit of preparation. By following this guide, you can seamlessly move your funds between these two popular platforms, ensuring you always have access to your money when and where you need it.