How to Easily Transfer Money from Venmo to PayPal in 2024

While there’s no direct way to transfer funds from Venmo to PayPal, you can use a linked bank account, a prepaid debit card, or a Cash App Card as an intermediary. Move the money from Venmo to the intermediate account, then add the funds to your PayPal balance.

Transferring money between popular payment apps like Venmo and PayPal is a common need in our increasingly digital world. While Venmo and PayPal are both owned by the same company, they operate as separate entities, and direct transfers between the two platforms are not currently possible. However, by using a linked bank account as an intermediary, you can still move your funds from Venmo to PayPal. In this article, we’ll guide you through the process step-by-step

Key Takeaways

• There is no direct way to transfer money from Venmo to PayPal, despite both platforms being owned by the same company.
• The most straightforward method to transfer funds from Venmo to PayPal is by first transferring your Venmo balance to your linked bank account and then adding the funds to your PayPal account.
• If your Venmo and PayPal accounts are linked to the same bank account, you can use this shared account as an intermediary to transfer money between the two platforms.
• To ensure a smooth transfer process, verify your bank account on both platforms, check for transfer limits, allow for processing time, and keep records of your transactions.
• Transferring money from Venmo to PayPal is generally safe, but it’s crucial to maintain the security of your login credentials and be cautious when sharing personal information online.

Understanding Venmo and PayPal

Before we dive into the transfer process, let’s briefly discuss what Venmo and PayPal are and how they differ.

What is Venmo?

Venmo is a mobile payment app owned by PayPal that allows users to send and receive money from friends and family. It’s known for its social features, such as the ability to add notes and emojis to transactions, which can be shared on a public feed.

What is PayPal?

PayPal is a widely used online payment system that enables individuals and businesses to send and receive money electronically. It offers a range of features, including online shopping, invoicing, and international payments.

Also read: How to Get Money from Venmo Without a Bank Account

Can You Transfer Money Directly from Venmo to PayPal?

No, you can’t directly transfer money from Venmo to PayPal. However, there are still ways to move your money from Venmo to PayPal such as: transfer Venmo balance to your bank account, then to PayPal and use a shared bank account.

How to Transfer Money from Venmo to PayPal 

Method 1: Transfer Venmo Balance to Your Bank Account, Then to PayPal

The most straightforward way to transfer money from Venmo to PayPal is by first moving your Venmo balance to your linked bank account and then sending the funds from your bank account to PayPal.

Step 1: Transfer Funds from Venmo to Your Bank Account

1. Open the Venmo app on your mobile device.
2. Tap the “☰” icon in the upper-left corner of the screen.
3. Select “Transfer to Bank.”
4. Enter the amount you wish to transfer and choose your linked bank account.
5. Tap “Transfer” to initiate the transaction.

Keep in mind that standard bank transfers from Venmo can take 1-3 business days to process, while instant transfers incur a 1% fee (with a minimum fee of $0.25 and a maximum of $10).

Step 2: Add Funds to Your PayPal Account from Your Bank Account

1. Log in to your PayPal account.
2. Click on “Wallet” at the top of the page.
3. Under “Balance,” click “Add money.”
4. Select your bank account and enter the amount you want to transfer.
5. Click “Add.”

The funds should appear in your PayPal balance within 3-5 business days.

Method 2: Use a Shared Bank Account

If you have a bank account linked to both your Venmo and PayPal accounts, you can use it as an intermediary to transfer funds between the two platforms.

Step 1: Transfer Funds from Venmo to Your Shared Bank Account

Follow the steps outlined in Method 1, Step 1 to transfer your Venmo balance to the shared bank account.

Step 2: Transfer Funds from Your Shared Bank Account to PayPal

1. Log in to your PayPal account.
2. Click on “Wallet” at the top of the page.
3. Under “Balance,” click “Add money.”
4. Select the shared bank account and enter the amount you want to transfer.
5. Click “Add.”

The funds should appear in your PayPal balance within 3-5 business days.

Method 3: Use a Cash App Card

If you have a Cash App account with a linked Cash Card (a free debit card offered by Cash App), you can use it to transfer money from Venmo to PayPal.

Step 1: Transfer Funds from Venmo to Your Cash App Account

1. Open the Cash App on your mobile device.
2. Tap the “My Cash” tab at the bottom of the screen.
3. Tap “Add Cash.”
4. Enter the amount you want to transfer from Venmo.
5. Use your Venmo balance to fund the transaction.

Step 2: Use Your Cash App Card to Add Funds to PayPal

1. Log in to your PayPal account.
2. Click on “Wallet” at the top of the page.
3. Under “Balance,” click “Add money.”
4. Select “Add a card” and enter your Cash App Card details.
5. Enter the amount you want to transfer and click “Add.”

The funds should appear in your PayPal balance instantly.

Also read: Venmo Transaction Limits: How Much Can You Really Send

How to Transfer Venmo to PayPal Without Bank Account

Method 1: Use a Prepaid Debit Card

One way to transfer money from Venmo to PayPal without a bank account is by using a prepaid debit card as an intermediary.

Step 1: Get a Prepaid Debit Card

1. Purchase a prepaid debit card from a retailer or online. Some popular options include Visa, Mastercard, and American Express prepaid cards.
2. Activate the card according to the instructions provided.

Step 2: Link the Prepaid Debit Card to Your Venmo Account

1. Open the Venmo app on your mobile device.
2. Tap the “☰” icon in the upper-left corner of the screen.
3. Select “Settings” and then “Payment Methods.”
4. Tap “Add bank or card…” and select “Card.”
5. Enter your prepaid debit card information and tap “Add.”

Step 3: Transfer Funds from Venmo to the Prepaid Debit Card

1. In the Venmo app, tap the “☰” icon and select “Transfer to Bank.”
2. Enter the amount you wish to transfer and select your prepaid debit card.
3. Tap “Transfer” to initiate the transaction.

Step 4: Link the Prepaid Debit Card to Your PayPal Account

1. Log in to your PayPal account.
2. Click on “Wallet” at the top of the page.
3. Under “Banks and cards,” click “Link a card.”
4. Enter your prepaid debit card information and click “Link card.”

Step 5: Transfer Funds from the Prepaid Debit Card to Your PayPal Account

1. In your PayPal account, click on “Wallet” and then “Transfer Money.”
2. Select “Add money to your balance.”
3. Choose the prepaid debit card and enter the amount you want to transfer.
4. Click “Add” to complete the transaction.

Keep in mind that some prepaid debit cards may charge fees for certain transactions, so be sure to review the card’s terms and conditions before making any transfers.

Method 2: Use a Cash App Card

If you have a Cash App account, you can use your Cash App Card (a free debit card offered by Cash App) to transfer money from Venmo to PayPal without a bank account.

Step 1: Transfer Funds from Venmo to Your Cash App Account

1. Open the Cash App on your mobile device.
2. Tap the “My Cash” tab at the bottom of the screen.
3. Tap “Add Cash.”
4. Enter the amount you want to transfer from Venmo.
5. Use your Venmo balance to fund the transaction.

Step 2: Use Your Cash App Card to Add Funds to PayPal

1. Log in to your PayPal account.
2. Click on “Wallet” at the top of the page.
3. Under “Balance,” click “Add money.”
4. Select “Add a card” and enter your Cash App Card details.
5. Enter the amount you want to transfer and click “Add.”

The funds should appear in your PayPal balance instantly.

Method 3: Use a Friend or Family Member’s Bank Account

If you have a trusted friend or family member with a bank account, you can ask them to help you transfer money from Venmo to PayPal.

Step 1: Transfer Funds from Venmo to Your Friend or Family Member’s Bank Account

1. Open the Venmo app and tap “Pay or Request.”
2. Enter your friend or family member’s Venmo username, email, or phone number.
3. Enter the amount you want to transfer and a note indicating the purpose of the transaction.
4. Tap “Pay” to send the money.

Step 2: Ask Your Friend or Family Member to Transfer the Funds to Your PayPal Account

1. Provide your friend or family member with your PayPal email address.
2. Ask them to log in to their PayPal account and send the funds to your email address.
3. Once the transaction is complete, the money will appear in your PayPal balance.

Remember to only use this method with someone you trust, as you’ll be relying on them to transfer the funds to your PayPal account.

Also read: How to Unfreeze Your Venmo Account (A Complete Guide)

Frequently Asked Questions (FAQ)

Conclusion

Although there is no direct way to transfer money from Venmo to PayPal, there are several workarounds you can use to move your funds between the two platforms. By utilizing a linked bank account, a shared bank account, or a Cash App Card, you can easily transfer money from Venmo to PayPal. Remember to always prioritize security when handling your financial transactions and to keep an eye out for any updates or changes to the platforms’ features and policies.