Do you want to transfer money from Venmo To PayPal? This article will work you through the process.
It’s not illegal to use payment services at the same time. If you’re anything like me, you have a PayPal account, a Venmo account, and a Cash App account. However, can you transfer money from Venmo to PayPal?
Most Venmo and PayPal users have always dreamed of a world where they can receive money to their Venmo, Venmo it to their PayPal, and cash it out using their PayPal card.
In this piece, I’ll show you how to create and manage this kind of digital integration with Venmo and PayPal.
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Can I Transfer Money From Venmo To PayPal?
Firstly, let me clarify something: PayPal kind of owns Venmo. Technically, Braintree is the direct parent organization of Venmo, and PayPal acquired Braintree in 2013.
If you put two and two together, you’ll easily conclude: PayPal owns Venmo. That is true, as far as I’m concerned.
With this level of relationship between the two excellent payment services, you may expect seamless cash transfers from Venmo to PayPal or vice versa.
Unfortunately, this is far from the case. There is currently no Venmo feature that allows you to Venmo cash to PayPal.
However, it is not completely impossible to transfer money from Venmo to PayPal. Depending on how much you’re willing to tinker with your account settings, you can transfer money between the two payment services for a normal fee.
Can You Transfer Money From Your Venmo to Someone Else’s PayPal Account?
No, there is no way to transfer money from your Venmo account to someone else’s PayPal account unless you use the same bank account (which is impossible).
As a bank account is used as a bridge between the Venmo and PayPal accounts, you will need to add the same bank accounts to the participating Venmo and PayPal accounts.
Unless one of the parties is your twin, this won’t work between two different people.
How to Transfer Money From Venmo to PayPal
While you cannot technically transfer money from Venmo to PayPal, there are still some workarounds, albeit more tasking ones.
While you can simply Venmo money to someone by entering their Venmo username, the steps required to transfer money to your PayPal account from Venmo are less straightforward.
Venmo money to your PayPal can take anywhere from a few minutes to a couple of days, depending on how much you’re willing to shell out in charges, and sheer luck.
To send money from Venmo to PayPal, you’ll need to use your bank account as a bridge. You cash out from Venmo to your bank account, and you add the money from your bank account to PayPal.
Here is a detailed list of the steps required to Venmo money to your PayPal account.
- Link the same bank account to your Venmo and PayPal accounts.
From this process, you should get an idea of what I’m building up here. The process of linking a bank account to a PayPal account is different from that of linking it to Venmo.
However, PayPal can take up to five days to fully link your bank with your account; so, you might want to put that into consideration.
Linking your bank account to your Venmo account is quicker, but not a failsafe. All in all, you can hope to complete the whole process in three days if you’re lucky.
However, if you have the same bank account linked to your PayPal and Venmo account already, you lucked out.
- Transfer the money from your Venmo account to your bank.
Now that you have your bank account linked with your Venmo account, you can proceed to the next step. This involves transferring the amount of money you wish to transfer to PayPal to your bank.
Since there is no way to transfer the money directly to your PayPal account, the next logical option is to transfer it to your bank.
To transfer money from your Venmo account to your bank account, select the ‘Transfer to Bank’ option from the left menu on the mobile app.
You can either choose to send the money instantly or use the standard speed for Venmo transfers. The instant transfer delivers your cash in a couple of minutes, while the standard transfer might take anywhere from one to three working days to complete.
For this specific transfer, we highly recommend using the instant feature. Your money will go through so many barriers that using the standard transfer speed will only make it worse.
One thing you must note, however, is the fact that Venmo charges 1% for instant transfers if that’s something you can live with.
- Reload your PayPal with the money in your bank.
Now that you’ve sent the money from your Venmo to your bank, you can now send it from your bank to your PayPal account.
To complete this process, you’ll need to sign in to your Cash App account, either on a phone or on a PC. Once you’re signed into your account, you’ll need to find and select ‘Transfer Money.’
After clicking on Transfer Money, you will see an option to ‘Add money to your balance.’ Click or tap on this option and select the bank to you’ll like to add the money from.
You must select the bank account that you linked to both your PayPal and Venmo accounts. Enter the amount that you sent from Venmo and click on ‘Add’ to commence the operation.
Once you click on ‘Add,’ the money will be on its way to your PayPal account. this might take a couple of hours or days, depending on how frequently you use your account.
Conclusion
Hope the question “Can I Transfer Money From Venmo To PayPal?” has been answered
So there you have it. PayPal tried to make it impossible to send money from Venmo to PayPal, two payment services operated by the same parent company.
We decided that it is counterintuitive and we devised means around the restrictions.
With the creative idea in this post, you’ll learn how to transfer money from your Venmo account to your PayPal account, although it will probably take forever.
