Venmo is very similar to PayPal, it’s like its modern cousin. The two services actually do co-exist nicely, although they still don’t have a direct connection. To answer the question in the title, Venmo can’t send to PayPal directly, but there is a workaround. Show You can link a single bank account to both services, so when you receive money from Venmo, you can use it with PayPal. This might sound confusing, but, in reality, it’s fairly simple. Take one bank account and use it for Venmo and PayPal. Read on for more details and a brief instruction for this easy task. What You NeedWe’re going to assume that you know Venmo works. There is an online app, both for Android and iOS devices which you can download by clicking via the links provided. Venmo is linked to a bank account, in this case, the same one you use for PayPal. Other than that, you need funds in the same bank account. You can do this by transferring the money from Venmo to your bank account using the Venmo app. We’ll explain that too in the following section. Normally, it takes up to three business days for the money to be transferred, but if you can’t wait, you can pay the 1% fee and the money will be instantly transferred. You also need the PayPal app for Android or iOS, since the Venmo transfers won’t work on the desktop version of PayPal. This might change in the future though, take a look at the official PayPal support site for details. Quick Instructions for VenmoHere’s how money transfers on Venmo work: When Receiving MoneyIf you want to receive money through Venmo, you need to provide a bank account:
You don’t need to confirm your bank account, but you should. After that, you can send money from Venmo to your bank. When Sending MoneyFollow the instructions to send money from Venmo to your bank account:
Now that you’ve sent money from Venmo to your bank account, you can use this money for PayPal. Sending Money from Venmo to PayPalAll that is left to do after you’ve sent the money from Venmo to the same bank account you use for PayPal is to transfer the funds. Follow the instructions:
That’s it, the money will be on your PayPal account in no time. This is how you transfer money from Venmo to PayPal. Don’t worry, there are no additional fees or taxes, so you’ll get the exact same amount. It can take several days, but it’s worth it. You can speed up the process by paying up the instant Venmo fee, but that’s up to you. If you’re sending a lot of money, consider waiting a while instead of paying too much. Not Ideal but It Works!Sending money from Venmo to PayPal isn’t exactly the quickest, but it works. All you need is a common bank account for the two money transfer services. Hopefully, Venmo and PayPal will allow for direct transfers in the future, which would make things much easier for everyone. Until then, this method is at your disposal, and you should get used to it pretty quickly. It’s not a big deal, but it can be a drag to wait up to three business days for your money. Use the comments section below to share your experiences.
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