How to Transfer Cash from Venmo to PayPal Quickly? [Get Easy Steps]
PayPal and
Venmo are owned by the same company, PayPal Holdings, Inc., but they have
distinct features. Venmo, which is popular for payments between friends and
family members, is owned by the same parent company, PayPal Holdings, Inc.
PayPal, on the other hand, is more flexible and supports a wider range of
transactions, including online shopping and payments made for business. There
is no direct way to send money between the two platforms. However, some
workarounds can be used. Venmo users can transfer
money from Venmo to PayPal using their bank account. PayPal and Venmo
do not allow direct transfers between them. You must first link your Venmo
account and PayPal account with the same bank.
Venmo allows
you to transfer money to your bank account by going to "Manage
Balance", selecting "Transfer to Bank", entering the amount and
choosing between an instant (with fee) or standard payment. Then confirm. The
transfer may take a few moments or up to three days, depending on the method
you choose. Log in to PayPal after the funds have appeared in your bank
account. Navigate to "Wallet" and click "Add money." Enter
the amount that you transferred from Venmo and confirm the transfer. Then, wait
until the funds appear in your PayPal account. So, let’s begin and learn more
about it.
How to
Transfer Cash from Venmo to PayPal?
You need to
follow the steps mentioned below to send
money PayPal to Venmo:
Step 1:
Link your common bank account to both Venmo AND PayPal
You will
need a bank account to facilitate transfers between Venmo, PayPal and other
platforms. To link the same account to both platforms, follow these steps:
Link your
bank account to Venmo:
· Log in to your Venmo account by
opening the app.
· Select "Settings" by
tapping on the menu icon (3 horizontal lines).
· Select "Payment methods"
and tap "Add a card or bank ..."
· Enter your bank details by selecting
"Bank".
· Verify your account by following the
instructions on screen.
Link your
bank account to PayPal.
· Log in to your PayPal account using
the app or website.
· Click "Wallet" then
"Link an account."
· Click "Link Bank" and enter
your bank account information.
· PayPal may ask you to confirm your
bank account. This is done by verifying two small deposits that PayPal has
made.
Step 3:
Transfer Money from Your Bank Account to PayPal
You can now transfer
money from Venmo into your bank account. Here is how to do it:
· Log in to the Venmo App.
· Open the menu by tapping the
"" icon.
· Click "Manage balance."
· Click "Transfer to Bank"
· Select the account and enter the
amount to be transferred.
· You can choose between
"Instant" (for a small charge) or "1-3 Business Days"
(free).
· Tap "Transfer" to confirm
the transfer.
Step 3:
Transfer money from your bank account to PayPal
You can
transfer the funds to your PayPal account after they have been successfully
transferred from your bank account.
· Log in to your PayPal account.
· Select "Transfer Money"
from the "Wallet."
· Click on "Add Money to Your
Balance."
· Enter the amount that you wish to
transfer to PayPal from your bank account.
· Wait for the funds to show up in your
PayPal account (usually 3-5 days).
What are
alternative methods to send money from Venmo to PayPal?
There are
several alternatives to the method available for PayPal
send money to Venmo:
Method 1:
Debit Card
Some banks
offer debit cards that are linked to Venmo and PayPal. You can transfer money
from one platform to another if you have a debit card that is linked to both
Venmo and PayPal.
· Link your debit card with Venmo or
PayPal.
· Transfer money from Venmo onto a
debit card.
· Transfer the funds from your debit
card to PayPal.
Method 2:
Use a friend's help
You can ask
a friend with both Venmo or PayPal to help you:
· You can send the amount you want to
your friend using Venmo.
· The friend will then transfer the
same amount to your PayPal account.
FAQ
Can you
link Venmo and PayPal?
Venmo and
PayPal are not directly connected. You can transfer money using a shared bank
account between the two platforms.
Can I
send money from PayPal to someone who does not have PayPal?
The
recipient does not need to have a PayPal Account to receive funds. If they do
not already have a PayPal account, they will need to open one to receive the
money.
Can I
send money from PayPal to Cash App?
Direct
transfers send
PayPal money to Venmo are not available. To transfer funds between the
two platforms, you would have to use an intermediary bank account.
Comments
Post a Comment