Are you a user of payment service PayPal and Venmo? You must know that while the same parent company owns PayPal and Venmo, the two platforms have no direct integration. However, alternative methods exist to send money from PayPal to Venmo without incurring fees. So, let’s begin and learn step by step method to transfer funds between these platforms while saving on transaction costs.

Can You Send Money from PayPal to Venmo? 

Many users wonder if transferring funds directly from their PayPal account to Venmo is possible. Currently, no official integration enables direct transfers between the two platforms. PayPal and Venmo operate as separate entities, each with its features and functionalities. However, some workarounds can help you achieve the desired outcome of sending money from PayPal to Venmo.

Send Money from PayPal to Venmo Using a Bank Account 

One of the most common methods to transfer funds from PayPal to Venmo without incurring fees involves utilizing a linked bank account. Follow these steps:

• Link your bank account:Ensure you have a bank account linked to your PayPal and Venmo accounts. If not, you must add and verify the same bank account on both platforms.
• Withdraw funds from PayPal:Log in to your account and navigate to the "Wallet" section. From there, select the option to withdraw funds to your linked bank account. Specify the desired amount and confirm the transaction.
• Wait for the transfer:It typically takes a few business days for the funds to appear in your bank account from PayPal.
• Add money to Venmo:Once the funds are available in your bank account, open the Venmo app and tap the "Menu" option. Choose "Manage Balance" and then select "Add Money." Enter the desired amount and proceed with the transfer, selecting your linked bank account as the funding source.

Send Money from PayPal to Venmo via a Linked Debit Card 

Another method to send money from PayPal to Venmo without fees involves leveraging a linked debit card. Follow these steps:

• Link your debit card:Ensure you have the same debit card linked to your PayPal and Venmo accounts. If not, you must add and verify the same debit card on both platforms.
• Add money to Venmo:Open the Venmo app and navigate to the "Menu" option. Select "Manage Balance" and then choose "Add Money." Enter the desired amount and proceed with the transfer, selecting your linked debit card as the funding source.
• Transfer funds to your debit card:Once the funds are available in your Venmo account, you can transfer them to your linked debit card. Open the Venmo app, tap on the "Menu" option, select "Transfer to Bank," and follow the prompts to complete the transfer.

You can indirectly transfer money from PayPal to Venmo using a linked debit card without incurring fees.

Other Alternatives and Considerations 

While the methods mentioned above are the most used to send money from PayPal to Venmo without fees, it is important to consider a few additional factors:

• Fees for instant transfers:Both PayPal and Venmo offer instant transfer options for faster access to funds, but these services often come with nominal fees. If speed is a priority, you can pay a small fee for immediate transfers.
• Venmo limitations:Venmo imposes certain limitations on transferring funds, including daily, weekly, and monthly limits. Familiarize yourself with these limits to ensure a smooth transfer process.
• Ensure account verifications: To avoid complications or delays, ensure that you’re PayPal and Venmo accounts are fully verified, including verifying your bank account or debit card details.