How do I link my PayPal to Venmo?

Directly linking PayPal to Venmo is not possible. However, you can indirectly link them by using the same bank account as a funding source for both platforms. This way, you can transfer funds from Venmo to your bank account, and then from your bank account to PayPal.

How do I transfer money from Venmo?

To transfer money from Venmo, you can follow these steps: Go to the "You" tab. Select "Transfer Balance." Enter the amount. Choose the transfer speed. Remember, instant transfers come with a fee of 1.75% of the transfer amount, or a minimum of 25 cents or a maximum of $25.

Does PayPal own Venmo?

Yes, PayPal owns Venmo. PayPal acquired Venmo as part of its purchase of Braintree in 2013.

Can you send money from Venmo to Cash App?

Direct transfers from Venmo to Cash App are not possible. Like transferring to PayPal, you'd need to first transfer your Venmo balance to a mutual bank account, and then from that bank account to your Cash App.

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How To Transfer Money From Venmo to PayPal

March 27, 2024

4 min Read

Written by Dawn Allcot

Edited by Elizabeth Constantineau

Venmo vs Paypal smartphone apps on display screens

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Do you use Venmo or PayPal for peer-to-peer payment transfers? If you use both platforms, there might be a time when you need to transfer money between them. Maybe your friend only uses PayPal, but you have cash in your Venmo account to pay for your dinner. Or maybe you’re purchasing from an e-commerce website that accepts PayPal, but not Venmo, as a form of payment.

Although PayPal owns Venmo, you might be surprised to learn that you cannot transfer funds directly between the two services. Fortunately, figuring out how to transfer money from Venmo to PayPal is easy as long as both accounts share the same bank account as a funding source.

How To Transfer Funds Out of Your Venmo Account

The first step in transferring money from Venmo to PayPal is getting the funds out of your Venmo account and into your linked bank account. You can follow these steps to do so.

Open Venmo and click the “You” tab.
Select “Transfer balance.”
Enter the amount you wish to transfer and whether you want the funds transferred instantly or within 1 to 3 business days.

If you choose to instantly transfer, you’ll pay 1.75% of the total transfer amount in fees, up to $25, which will be deducted from the amount you receive in your bank account.

How To Transfer Those Funds Into Your PayPal Account

Once the money has appeared in your bank account, you can transfer the money into your PayPal account. If you choose to transfer instantly, this shouldn’t take more than a few minutes. Here are the steps you should follow:

Sign in to your PayPal app and select “Wallet.”
Click on “Transfer Money.”
Lastly, select “Add Money to Your Balance.”

Be aware that it could take three to five business days for the money to appear in your PayPal account. You can transfer the money instantly, but plan for a fee of 1.75% of the total transfer amount, up to a maximum of $25.

Is Venmo the Same as PayPal?

Venmo and PayPal are very similar services, providing fee-free money transfers for friends and family and an easy way for businesses to accept payments for goods or services. Both platforms offer payment protection for purchases.

PayPal has recently added extra features, including a PayPal savings option, where you can earn interest on your money.

Final Take

Learning how to transfer money from Venmo to PayPal is a simple process if both accounts share the same bank account. With just a few steps, you can easily have your funds in the app you need. Just keep in mind that it might take a few days for the money to appear.

FAQ

Here are the answers to some of the most frequently asked questions about Venmo and PayPal.

How do I link my PayPal to Venmo?
- Directly linking PayPal to Venmo is not possible. However, you can indirectly link them by using the same bank account as a funding source for both platforms. This way, you can transfer funds from Venmo to your bank account, and then from your bank account to PayPal.
How do I transfer money from Venmo?
- To transfer money from Venmo, you can follow these steps:
  - Go to the "You" tab.
  - Select "Transfer Balance."
  - Enter the amount.
  - Choose the transfer speed.
- Remember, instant transfers come with a fee of 1.75% of the transfer amount, or a minimum of 25 cents or a maximum of $25.
Does PayPal own Venmo?
- Yes, PayPal owns Venmo. PayPal acquired Venmo as part of its purchase of Braintree in 2013.
Can you send money from Venmo to Cash App?
- Direct transfers from Venmo to Cash App are not possible. Like transferring to PayPal, you'd need to first transfer your Venmo balance to a mutual bank account, and then from that bank account to your Cash App.

The article above was refined via automated technology and then fine-tuned and verified for accuracy by a member of our editorial team.

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