justin142smith
44 posts
Apr 02, 2024
2:12 AM
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Transferring money directly from Venmo to PayPal is not possible because they are two separate payment services. However, you can transfer money indirectly by using a linked bank account as an intermediary. Here's a step-by-step guide to help you transfer money from Venmo to PayPal:
Step 1: Link a Bank Account to Venmo
- Open the Venmo app on your mobile device.
- Tap the "?" icon in the top-right corner to access the menu.
- Select "Settings" and then "Payment Methods."
- Choose "Add a bank or card..." and then select "Bank."
- Follow the prompts to add your bank account details. You may need to verify your bank account by entering micro-deposits that Venmo sends to your account.
Step 2: Transfer Money from Venmo to Your Bank Account
- Go back to the main screen of the Venmo app.
- Tap the "?" icon and select "Manage Balance."
- Choose "Transfer to Bank" or "Transfer Money."
- Enter the amount you want to transfer and select your bank account as the destination.
- Choose the transfer speed (instant or standard) and confirm the transfer.
Step 3: Link the Same Bank Account to PayPal
- Log in to your PayPal account on the website or app.
- Navigate to "Wallet" or "Profile" settings.
- Select "Link a bank" or "Link a bank account."
- Enter the same bank account details you used for Venmo.
- Follow the prompts to verify your bank account with PayPal.
Step 4: Transfer Money from Your Bank Account to PayPal
- In your PayPal account, go to "Wallet" or "Transfer Money."
- Select "Add money to your balance."
- Choose the bank account you linked and enter the amount you want to transfer.
- Review the details and confirm the transfer.
Important Tips
- Transfer Times: Standard transfers from Venmo to your bank account can take 1-3 business days, and transferring money from your bank account to PayPal can also take a few days. Plan accordingly.
- Fees: Be aware of any fees associated with instant transfers on Venmo or PayPal.
- Verification: Ensure that your bank account is verified on both Venmo and PayPal to avoid any issues with the transfers.
By following these steps, you can effectively transfer money from Venmo to PayPal using a linked bank account as an intermediary.
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