Venmo and PayPal are two popular digital payment services that allow users to transfer money to others quickly and easily. With Venmo’s social feed and PayPal’s wide merchant acceptance, many people use both services. But you may need to transfer funds between the two at some point.
Fortunately, transferring money from Venmo to PayPal is simple. In this comprehensive guide, we’ll walk you through the steps to link your Venmo account to PayPal and move money seamlessly between the services. We’ll also provide tips to ensure safe and smooth transactions.
Overview of Venmo and PayPal
Before we dive into the transfer process, let’s briefly go over what Venmo and PayPal are and their key features.
What is Venmo?
Venmo is a mobile payment service owned by PayPal that allows users to transfer funds to others quickly. Key features include:
- Peer-to-peer transactions – Send and receive money from friends and contacts via your phone number, email address or Venmo username.
- Social news feed – Venmo has a social network component where you can share payments and add captions or emojis.
- Merchant payments – Pay select merchants through Venmo’s app and web experience.
- Venmo Card – Use the Venmo debit card to spend account balance in stores or ATMs.
- Security and encryption – Venmo uses encryption, fraud monitoring and multi-factor authentication to protect accounts.
What is PayPal?
PayPal is an online payments system that allows users to send and receive money through the Internet. Key features include:
- Online checkout – Easily pay for goods and services online through PayPal at millions of merchants.
- Peer-to-peer transfers – Send and receive money to anyone with a PayPal account.
- Mobile app – Manage your account and make transfers on the go with PayPal’s mobile app.
- Purchase protection – PayPal offers refunds in case you don’t receive your item or it doesn’t match the listing.
- Cryptocurrency support – Buy, sell and hold Bitcoin, Ethereum and other digital currencies.
- Business solutions – PayPal offers various tools and services for businesses to accept payments online and in stores.
Linking Your Venmo Account to PayPal
To move funds from Venmo to PayPal, you first need to connect your Venmo account to your PayPal account. Here are the steps to link them together:
1. Log into your Venmo account
Open the Venmo mobile app or website and log into your account using your username or registered email address and password.
2. Go to Profile Settings
On the mobile app: Tap the ☰ menu icon in the top left > Tap “Settings”
On desktop: Click your profile icon > Click “Settings”
3. Select “Transfer Money”
In Settings, choose “Transfer Money” – this is where you can connect outside bank accounts or digital wallets.
4. Choose PayPal and click “Link Account”
Under the “Transfer Money To” section, select PayPal and click the blue “Link Account” button.
5. Log into your PayPal account
Venmo will redirect you to PayPal’s website. Log into your PayPal account using your email and password.
6. Review permissions and click “Agree”
PayPal will show the account details that will be shared with Venmo. Review the permissions, then click “Agree” to link your PayPal account.
7. You’re all set!
After clicking “Agree”, Venmo will confirm your PayPal account was successfully linked. You can now transfer money between the two.
And that’s it! The process to link PayPal to Venmo only takes a few minutes. Now let’s look at actually transferring funds from Venmo to your PayPal account.
How to Transfer Money from Venmo to PayPal
Once your PayPal account is connected to Venmo, you can easily move money between the two services. Here are the steps:
1. Open your Venmo app
Launch the Venmo app on your mobile device. Make sure you’re logged into the account with the funds you want to transfer.
2. Tap the profile icon
Tap the profile icon in the top right corner that shows your username and profile picture.
3. Go to “Transfer Money”
In your profile menu, scroll down and tap “Transfer Money”. This is where you can manage your linked bank accounts and digital wallets.
4. Select your linked PayPal account
Under the “Transfer Money To” section, tap on your linked PayPal account.
5. Enter the transfer amount
On the next screen, enter the amount you want to transfer from Venmo to PayPal. You can only transfer up to your Venmo account balance.
6. Confirm the transfer
Double check the amount is correct. Then tap “Transfer” to confirm the funds transfer to PayPal.
It’s that easy! The money will instantly transfer from your Venmo balance to your connected PayPal account, typically in seconds.
Now let’s go over some tips for a smooth transfer experience.
Tips for Transferring Money from Venmo to PayPal
When moving money between Venmo and PayPal, keep these tips in mind:
- Check balances first – Make sure your Venmo account has enough funds to cover the transfer. Transfers will fail if there’s not enough balance.
- Watch transfer limits – Venmo imposes a weekly transfer limit of $2,999.99. Larger amounts will need bank verification.
- Stay on top of pending transfers – If a transfer is stuck pending, cancel it from Venmo and initiate a new transfer.
- Keep accounts active – Avoid account freezes by making transactions every few months to keep Venmo and PayPal accounts active.
- Link accounts properly – Only link financial accounts you own to avoid potential account freezes for unauthorized or fraudulent activity.
- Disconnect unused accounts – Remember to disconnect any accounts you no longer use to enhance security and privacy.
Following these tips will ensure seamless money transfers between your Venmo and PayPal accounts. Next let’s go over some common questions when transferring funds between the two services.
Frequently Asked Questions
Here are answers to some frequently asked questions about transferring money from Venmo to PayPal:
How long does a Venmo to PayPal transfer take?
Venmo to PayPal transfers are generally instant and take just seconds to complete. However, sometimes transfers get briefly stuck pending before the money shows up in PayPal.
Is there a fee to transfer money from Venmo to PayPal?
No, Venmo does not charge any fees to transfer money from your Venmo balance to your linked PayPal account. It’s a free transfer.
Can I transfer money from PayPal to Venmo?
Yes! Once you link your PayPal account to Venmo, you can seamlessly transfer money in either direction between the two services.
What happens if I don’t have enough balance in Venmo?
If you attempt to transfer more money than available in your Venmo balance, the transfer will fail. Make sure your Venmo account has sufficient funds before initiating a transfer to PayPal.
How much money can I transfer from Venmo to PayPal?
Venmo allows you to transfer up to $2,999.99 per week from Venmo to linked accounts like PayPal. If you need to transfer more, you’ll have to get your Venmo account verified by providing your SSN and bank account information.
Is money transferred instantly between Venmo and PayPal?
In most cases, transfers between Venmo and PayPal happen instantly. However, rarely a transfer may get delayed and remain pending for up to one business day before completing.
Can I unlink my PayPal account from Venmo?
Yes, you can disconnect your PayPal account anytime from the Linked Accounts section in Venmo’s Settings. Just keep in mind you won’t be able to transfer money between the two until you re-link the accounts.
Safety Tips for Transferring Money Between Venmo and PayPal
While digital money transfers make sending funds easy, you also want to make sure your money stays safe and secure. Follow these tips when transferring between Venmo and PayPal:
- Only link accounts you own to prevent unauthorized access
- Use unique, strong passwords for both accounts
- Enable two-factor authentication for extra security
- Watch out for phishing emails or texts asking you to login
- Keep app and software up-to-date to get the latest security fixes
- Never share account credentials or sensitive information by email, text or phone
- Monitor accounts frequently to detect suspicious activity
- Contact customer support if you notice any unauthorized transactions
By taking security precautions, you can feel at ease transferring money seamlessly between the two services.
The Benefits of Linking Venmo and PayPal Accounts
Linking your Venmo and PayPal accounts together provides some useful benefits:
- Seamless transfers – Instantly move money between accounts without needing your bank
- Expanded usage – Take advantage of Venmo’s social payments and PayPal’s wider acceptance
- Consolidated funds – Keep money centralized instead of spread across multiple accounts
- Account backup – Transfer funds easily if one account is ever frozen, closed or inaccessible
- Transaction history – View transfer activity between accounts in one place
Having linked Venmo and PayPal accounts makes it simple to manage money across the two popular peer-to-peer payment platforms.
Venmo, PayPal, and Cryptocurrency
In recent years, PayPal has expanded into offering cryptocurrency services to its users. Here’s an overview of how cryptocurrency fits into the Venmo and PayPal ecosystem:
- PayPal supports crypto – PayPal allows its users to buy, sell and hold Bitcoin, Ethereum, Bitcoin Cash and Litecoin.
- Venmo limited crypto – Currently, Venmo only supports customers buying and selling Bitcoin, Ethereum and Litecoin but cannot hold crypto balances.
- No crypto transfers – You cannot transfer Bitcoin or other cryptocurrencies directly between Venmo and PayPal accounts at this time.
- Cash out crypto – You can cash out crypto held in PayPal to fiat money and transfer that balance to Venmo. But direct crypto transfers are not enabled.
- Future integration – Venmo may expand its crypto services in the future. This could allow for direct crypto transfers between Venmo and PayPal down the line.
Though PayPal has more extensive crypto services now, Venmo may catch up over time making crypto transfers between them possible.
The Future of Venmo, PayPal, and Digital Payments
Venmo and PayPal aim to make digital payments faster, easier, and more flexible for consumers. Here are some potential innovations we may see in the future:
- QR code payments – Scan to pay with Venmo or PayPal using QR codes in stores and between users.
- Cryptocurrency expansion – Support for more digital currencies could make Venmo a centralized crypto and fiat wallet.
- International transfers – Smoother payments across borders and foreign currencies.
- New revenue models – Possible merchant subscription plans, premium accounts, interest accounts or cash back.
- Bill pay – Built-in bill pay and money management features.
- Artificial intelligence – AI fraud detection and smart payment suggestions tailored to you.
As peer-to-peer and digital payments keep evolving, expect PayPal and Venmo to be at the forefront providing innovative solutions for managing, spending and transferring money online and through mobile devices.
Conclusion
Transferring funds from Venmo to PayPal is a quick and easy process. Just link your Venmo account to PayPal, pick an amount to transfer, and the money instantly moves between accounts.
With Venmo’s peer-to-peer payments and PayPal’s online checkout capabilities, connecting the two provides greater flexibility in sending and receiving money digitally.
We covered all the key steps to link accounts and complete transfers, along with tips for smooth transactions and enhanced security. With digital wallets like Venmo and PayPal, you can manage money and make transactions in just a few taps.
