Send Money Venmo to PayPal: How to Transfer Money From Venmo to PayPal?

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We’ve seen all sorts of mobile payment and money transfer services pop up over the years, many with their online wallet. However, while you can keep money in these accounts and even move it around to other banks and platforms, some might have specificities when it comes to making transactions.

Venmo is one of these platforms. Especially when it comes to their parent company, PayPal. We’re going to take a look at the money transfer possibilities between Venmo and PayPal, how to go about such transfers, and what to avoid.

Is there an integration between Venmo and PayPal?
There isn’t an integration between Venmo and PayPal. This means that Venmo payments are handled as regular PayPal transactions — also including the Venmo-funded payments made from a PayPal account.
How to transfer money from Venmo to PayPal?
While you can’t link Venmo to PayPal directly, you can still make a transfer from one platform to the other.

This can be done by following the steps below:-

1. Set up a bank account and link it to both your PayPal and Venmo accounts:
Go to your PayPal account and select Link a Bank if you’re on the website or Banks and Cards if you’re in the mobile app
Enter your online banking details as requested and make two small deposits
Proceed to your Venmo account, go to Settings, and select Payment Methods
Select Add a bank or card and choose your verification method
2. Once the bank account is linked to both, go to your Venmo, select Transfer to Bank and enter the desired amount
3. Choose the transfer option you prefer; Instant or 1-3 business days, then tap Transfer
4. After that, go back to your PayPal account then continue to the Transfer Money option
5. Select Add money to your balance, and you’ll see the bank account that’s linked to both your Venmo and Paypal
6. Choose that bank account and hit Add. The money will arrive in your PayPal wallet in 3-5 business days
What to avoid when making transfers from Venmo to PayPal?
When moving your money, one of the main things to look out for is cross-currency transfers. If you’re making a same-currency transaction from Venmo to your PayPal account, you don’t need to worry. The process will be very cheap or even free.

But if you plan on making a currency exchange, it can become a little more expensive. Say you want to use the funds in a currency other than the one they were in while in your Venmo account. This conversion will have to take place once the funds have arrived in your PayPal wallet.

PayPal has an exchange rate fee of 5% when it comes to international payments done through the PayPal balance or bank account. An additional markup of 4% can be added to the transaction too, which means that you’ll have a hard time knowing how much money you’ll have to send, and the total that will be received.

While it’s a good thing to know that you can send money venmo to paypal account, the lack of integration between them leads to a lot of steps and waiting for the money to reach the destination. You also have to be extra attentive when converting currencies.

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