Step 1: Determine Your Preferred Method
Before we dive into the technicalities, take a moment to consider which of the following methods aligns best with your situation and preferences:
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Method 1: Using a Bank Account as an Intermediary: This is often the most straightforward and commonly used method. It involves linking the same bank account to both your Venmo and PayPal accounts. You'll then withdraw funds from one platform to your bank and subsequently deposit them into the other.
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Method 2: Using a Debit Card as an Intermediary: Similar to the bank account method, you can link the same debit card to both platforms. This can sometimes offer slightly faster transfers, but may come with potential fees depending on the platforms' policies and your bank.
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***Method 3: Sending Money to Another Person (and Back)***: This is a less direct and potentially more cumbersome method, best suited for smaller amounts or when other options aren't immediately available. It involves sending money from one platform to a trusted individual who also has both Venmo and PayPal, and then having them send the money to your other account. Use this method with caution and only with people you trust implicitly.
Once you've thought about which method seems most convenient for you, proceed to the corresponding steps below.
Step 2: Method 1 - Using a Bank Account as an Intermediary
This method involves three sub-steps: linking your bank account to both platforms, withdrawing funds from one platform, and depositing those funds into the other.
Tip: Don’t skip — flow matters.
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Sub-step 2.1: Linking Your Bank Account to Venmo
- Open the Venmo App: Launch the Venmo application on your smartphone or tablet and log in to your account.
- Navigate to Settings: Tap on the profile icon (usually your picture or initials) in the top left or bottom right corner of the screen. Then, look for and tap on "Settings" (it might be represented by a gear icon).
- Access Payment Methods: Within the Settings menu, find and select "Payment Methods."
- Add Bank Account: Tap on "Add bank or card..." or a similar option. Then, choose "Bank."
- Select Your Bank: You'll be prompted to select your bank from a list. If you see your bank, tap on it. You might be redirected to your bank's website or app to log in and authorize the connection. Alternatively, you can choose to manually enter your bank details.
- Enter Bank Details (if manual): If you choose to enter manually, you'll need your bank's routing number and your account number. Double-check these details for accuracy.
- Verify Your Bank Account: Venmo will likely send one or two small test deposits (usually a few cents each) to your bank account. These deposits will typically appear within 1-3 business days. Once you see them, go back to the Venmo app, navigate to "Payment Methods," select the bank account you added, and enter the exact amounts of the test deposits to verify your account.
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Sub-step 2.2: Linking Your Bank Account to PayPal
- Open the PayPal Website or App: Go to the PayPal website (
www.paypal.com - Go to Wallet: On the website, click on "Wallet" at the top of the page. In the app, tap on the "Wallet" icon at the bottom.
- Link a Bank Account: Click on "Link a bank account" or a similar option.
- Select Your Bank: Similar to Venmo, you'll be presented with a list of banks. If your bank is listed, select it and follow the prompts to log in and authorize the connection. Alternatively, choose to enter your bank details manually.
- Enter Bank Details (if manual): If you choose manual entry, ensure you have your bank's routing number and account number handy and enter them carefully.
- Verify Your Bank Account: PayPal also often uses a similar verification process with small test deposits. Check your bank account for these deposits (usually within 1-3 business days) and then confirm the amounts in your PayPal account settings.
- Open the PayPal Website or App: Go to the PayPal website (
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Sub-step 2.3: Transferring Funds Between Platforms
- Withdraw from One Platform: Once your bank account is linked and verified on both Venmo and PayPal, you can initiate a withdrawal from the platform where the funds currently reside. Follow the withdrawal instructions within that platform's app or website.
- Deposit to the Other Platform: After the funds have been successfully transferred to your linked bank account, log in to the other platform and initiate a deposit or add funds using the same linked bank account.
Step 3: Method 2 - Using a Debit Card as an Intermediary
This method is quite similar to the bank account method, but utilizes a debit card linked to the same bank account on both platforms.
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Sub-step 3.1: Linking Your Debit Card to Venmo
- Follow steps 1 and 2 from "Sub-step 2.1" above to access the "Payment Methods" section in the Venmo app.
- Tap on "Add bank or card..." and then choose "Card."
- Enter your debit card number, expiration date, CVV, and billing zip code.
- Tap "Add Card." Venmo may perform a small temporary charge to verify the card.
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Sub-step 3.2: Linking Your Debit Card to PayPal
- Follow steps 1 and 2 from "Sub-step 2.2" above to access the "Wallet" section in your PayPal account.
- Click on "Link a card" or a similar option.
- Enter your debit card number, expiration date, CVV, and billing address.
- Click "Link Card." PayPal may also perform a small temporary charge for verification.
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Sub-step 3.3: Transferring Funds Between Platforms
- Withdraw from One Platform: Initiate a withdrawal from the platform holding the funds to your linked debit card. Be aware that withdrawals to debit cards might have different processing times and potential fees compared to bank transfers, depending on the platform's policies.
- Deposit to the Other Platform: Once the funds are available (check your bank account associated with the debit card), you can add funds to the other platform using the same linked debit card.
Step 4: Method 3 - Sending Money to Another Person (and Back)
Remember, exercise caution when using this method and only do so with individuals you trust completely.
Tip: Reading in chunks improves focus.
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Sub-step 4.1: Sending Funds from One Platform to a Trusted Contact
- Initiate a payment or transfer from the platform where your funds are located to your trusted contact's account on the same platform.
- Ensure they are aware of the transaction and your request for them to forward the funds.
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Sub-step 4.2: Receiving Funds on the Other Platform from the Trusted Contact
- Your trusted contact will then need to send the received funds from their account on the first platform to your account on the second platform (e.g., from their Venmo to your PayPal).
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Sub-step 4.3: Confirming Receipt
- Both you and your trusted contact should confirm that the funds have been successfully sent and received on both platforms.
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| How To Connect Venmo To Paypal |
Important Considerations:
- Fees: Be aware that both Venmo and PayPal may charge fees for certain types of transactions, such as instant transfers or using credit cards. Check their respective fee schedules for the most up-to-date information.
- Transfer Limits: Both platforms have daily and transaction limits for sending and receiving money. Ensure your transfer amounts comply with these limits.
- Processing Times: Transfers to and from bank accounts typically take 1-3 business days. Transfers involving debit cards might be faster but can vary.
- Security: Always prioritize the security of your financial information. Double-check account numbers and be cautious of any suspicious activity.
Now, let's move on to some frequently asked questions.
How to Connect Venmo to PayPal: Frequently Asked Questions
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How to directly link my Venmo and PayPal accounts? Quick Answer: As of the current date, there is no direct feature to link Venmo and PayPal accounts for direct transfers.
How to transfer money from Venmo to PayPal using a bank account? Quick Answer: Link the same bank account to both platforms. Withdraw funds from Venmo to your bank, then deposit those funds from your bank into PayPal.
How to transfer money from PayPal to Venmo using a debit card? Quick Answer: Link the same debit card to both platforms. Withdraw funds from PayPal to your debit card, then add funds to Venmo using the same debit card.
How to find my bank account and routing number for linking? Quick Answer: Your bank account and routing numbers are typically found on your checks or within your online banking portal.
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How to verify my bank account on Venmo or PayPal? Quick Answer: Both platforms usually send small test deposits to your bank account. You'll need to enter the amounts of these deposits in the respective app or website to verify.
How to check the fees for withdrawing or adding money on Venmo and PayPal? Quick Answer: Refer to the "Fee Schedule" or "Help Center" sections within the Venmo and PayPal apps or websites for detailed information on transaction fees.
How to speed up transfers between Venmo and PayPal? Quick Answer: Using a linked debit card might offer slightly faster transfers compared to standard bank transfers, but this can vary. Instant transfer options on either platform often come with fees.
How to troubleshoot issues when linking my bank account or card? Quick Answer: Double-check the accuracy of your bank account/card details. Ensure your bank supports linking with these platforms. Contact Venmo or PayPal support if the issue persists.
How to find the transaction limits for sending and receiving money on Venmo and PayPal? Quick Answer: These limits are usually outlined in the "Help Center" or "Account Settings" sections of your Venmo and PayPal accounts.
How to ensure the security of my financial information when linking accounts? Quick Answer: Use strong, unique passwords for both platforms. Enable two-factor authentication if available. Be cautious of phishing attempts and only enter your information on the official Venmo and PayPal apps or websites.
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