Do you want to know how to transfer money from Venmo to PayPal? If yes, then follow this article carefully to the bottom. There’s no dispute about the fact that we are in a digital world. And as such, online financial transactions are fastly becoming a norm as against the traditional method of going to the bank.
There are various ways, platforms, and services to make such transactions. PayPal and Venmo are good examples of these. They are both used to send money from person to person.
However, the big question is can you transfer money between both accounts? And more so can you transfer Venmo to PayPal without a bank account? If yes, what are the steps involved? Find out the answers to these questions as you read through this educational article.
Can I Transfer From Venmo To PayPal?
Yes, it is possible to transfer money from Venmo to PayPal. Nonetheless, it is not a direct means of transferring money from Venmo to PayPal. This is because both platforms are not in sync with each other. Although they have the same ownership as indicated on the Venmo website and mobile app, moving money from one to the other is not enabled. Disappointed? No, you don’t have to be as there is a workaround for it.
As much as sending money from Venmo to PayPal or PayPal to Venmo is not allowed directly, there is an indirect way of doing that smoothly. And that is by using a bank account as an intermediary. All you have to do is get a bank account connected to your PayPal account and also your Venmo account. Move the funds from Venmo to the bank and add money from your bank account to PayPal. It’s as simple as that.
Can You Transfer Venmo To PayPal Without Bank Account?
Again the answer to this is yes. You can transfer money from Venmo to PayPal without a bank account. And this is possible only through the use of third-party apps or services. As we mentioned earlier, Venmo and PayPal are not in agreement with each other. Hence, it is impossible to send money directly from one to the other. Therefore using a bank account as a middleman is usually the easiest way.
However, if you do not have a bank account or you don’t want to use your bank account for that transaction, there is still a way out for you. See how to send money from Venmo to PayPal without a bank account below.
How To Transfer Venmo To PayPal Without Bank Account
Now this is what you have been waiting for. We are going to be looking at 3 broad ways of carrying this out. The processes might not be straightforward and simple but they are worth it.
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By Using Digital Banking Apps
You can send money between both apps by using digital apps and platforms as middlemen. Some of these platforms are Xoom, TransferWise, PayPal.Me, etc. To use any of these platforms, you will need to download their mobile apps or visit their websites.
Sign up and create an account. When that is done, add Venmo as a payment method. This will require you to submit your Venmo email address and password. This is where you need a lot of trust. So make sure that the platform is legit before giving out your details.
Next, choose PayPal as the recipient account. Enter your PayPal details such as the email address of the account. Select the amount and follow the prompts to complete the process. The funds will be debited from your Venmo and credited to your PayPal account.
Venmo Debit Cards
Not so many people are aware that like the Cash App card, Venmo also has a debit card. This card is issued on request and it is free of charge. This card can be used wherever a MasterCard is accepted. The use of Venmo debit cards is another easy way to transfer from Venmo to PayPal without a bank account. Below is how it is done.
- Log in to your PayPal account.
- Navigate to the “Link Debit or Credit Card” option.
- Now enter your Venmo debit card information and save it to link the card.
- Now log in to your Venmo account.
- Tap on the three dots (…) at the top right corner of the page.
- Click on Transfer To Bank.
- Enter the amount that you wish to transfer.
- Select “Venmo debit card” as the destination or recipient account.
- Click on Transfer to complete the process. With this, the money will be sent to your debit card.
With the money on your card, you can easily add money to your PayPal account from it.
Prepaid Debit Cards
You can also send money from Venmo to PayPal without a bank account through the use of a prepaid debit card. This process is similar to others discussed above. However, make sure that the prepaid card is accepted by both platforms.
To do this, get an acceptable prepaid debit card. Link it to both platforms, send money from Venmo to the card, and send from the card to PayPal. It’s as simple as that.
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What Are The Fees To Transfer Venmo To PayPal Without Bank Account?
We can not tell how much you will be charged for sending money from Venmo to PayPal using any of the third-party apps explained above. However, you should bear in mind that it is not free. It comes with fees but the amount depends on the amount of money that you want to send as well as the service that you wish to use. So, always make sure you inquire about the fees before using any of the platforms.
How Long Does It Take To Transfer Venmo To PayPal?
Like the fees, the time it takes to transfer money from Venmo to PayPal using a third-party app varies. With some platforms, it could be done instantly while others will take a few minutes. In other cases, it could take as much as 3 business days.
Summary
It is possible to transfer from Venmo to PayPal without a bank account. This can be done in various ways and we have shown you 3 ways to do that in this article. They are the use of digital platforms, Venmo debit card, and prepaid debit card. However, carry out your personal scrutiny on any digital platform before use. This is to avoid being scammed after submitting your details.