Transferring money directly from Venmo to PayPal is not currently possible, as the two services operate independently. However, you can achieve a similar outcome by using a bank account as an intermediary.
Here's a step-by-step guide to do that:-
Step 1: Link Your Bank Account to Venmo
Open the Venmo App: Launch the Venmo app on your smartphone.
Go to Settings: Tap the hamburger menu (☰) in the top-left corner and then select "Settings."
Link Bank Account: Tap "Payment Methods," then "Add Bank or Card," and choose "Bank."
Select Verification Method: You can use "Instant Verification" if your bank supports it, or "Micro-Transfers" (small deposits) for manual verification.
Complete Verification: Follow the on-screen instructions to verify your bank account.
Step 2: Transfer Money from Venmo to Your Bank Account
Open the Venmo App: Go to the app.
Navigate to Transfer Money: Tap the "☰" icon in the top-left corner, then select "Manage Balance."
Choose Transfer Option: Select "Transfer to Bank."
Enter the Amount: Choose the amount you want to transfer.
Select Transfer Speed: Choose between instant transfer (with a fee) or 1-3 business days (free).
Confirm the Transfer: Follow the prompts to complete the transfer.
Step 3: Link Your Bank Account to PayPal
Open the PayPal App: Launch the PayPal app on your smartphone.
Go to Settings: Tap the gear icon in the top-right corner.
Link Bank Account: Select "Banks & Cards," then tap "Link a Bank."
Follow the Verification Process: Use instant verification or micro-transfers, depending on your bank.
Step 4: Transfer Money from Your Bank Account to PayPal
Open the PayPal App: Go to the app.
Go to "Add Money": Find the option to add funds to your PayPal balance.
Select Your Bank Account: Choose the bank account you linked.
Enter the Amount: Specify the amount to transfer to your PayPal account.
Confirm the Transfer: Follow the prompts to complete the transfer.
Notes
Timing: Instant transfers usually incur a fee, while regular transfers can take 1-3 business days.
Verification: Both Venmo and PayPal might require additional security steps for large transactions or new bank accounts.
Fees: Be aware of any fees associated with transferring funds, especially for instant transfers.
By following these steps, you can effectively transfer funds from Venmo to PayPal using a bank account as an intermediary.
What is my venmo weekly limit?
Venmo weekly limit: Venmo has a $7,000 combined weekly spending limit and a weekly P2P limit of $60,000 for verified customers.
What is my venmo monthly limit?
Venmo monthly limit: Clients with an unverified account can transact $1,000 per month, while verified can send and receive up to $20,000. However, each individual operation is still capped at $5,000.