Can You Transfer Money From Venmo to PayPal With $0 Additional Fee

If you wish to transfer money from Venmo to PayPal, or send funds from PayPal account to Venmo, you need to be clear about one thing: This process can not be completed directly and you have to work with a few extra steps to get it done.

Luckily, you have come to the right place looking for all the answers!

What Will We Talk About Here?
  • You can transfer funds directly from Venmo to PayPal only if you have set up PayPal Visa+ Payname.
  • For indirect transfer of funds, you must send money from Venmo to a linked bank account and then to a PayPal account.
  • Venmo transfer to a linked bank account is completely free. You may be charges 3% fee when transferring funds via credit card.

…and Much More!

Can You Transfer Money From Venmo To PayPal?

Although there is no direct route to send money from Venmo to PayPal, the alternative is not painfully difficult to perform either.

Instead, you need to create a tie between the two apps before any money transfers can take place conveniently .

Typically, both apps have to be connected to the same bank account after which you can add money to the same bank from either of the app and send it to the other one.

If you are still confused about how things work, we will break down the process for you into simpler words.

Here’s what you need to know in a nutshell:

  • You must first connect Venmo or PayPal to a bank account
  • Transfer the funds from the app to the bank
  • Move money from the bank account to the other app

Doesn’t this sound easy? Actually, this is the only method that currently exists for sending money from PayPal to Venmo and vice versa.

We are hopeful that in the future, more methods might surface that allow for direct exchange of funds between the applications but right now, lets try to get a hold of this one!

How To Send Money From Venmo To PayPal?

To make things super easy for you to understand, we have divided the process into 5 simple steps. Take a look!

Step 1

First of all, download the Venmo app and create an account.

 If one does not exist before, you also have to deposit some funds into it. 

The app is available on both Android and iOS. 

Visit the main settings of the Venmo app and link it to your bank account. Then, you can send money from Venmo to a bank account

Note! enmo transfers are free as long as you decide to go with standard exchange. In case you choose, instant money transfer, a 1% fee will apply.

Step 2

The next step is to create a PayPal account. If you already have one, you must provide your login credentials and open it on your desktop or the mobile app. 

Step 3

Now, before you can accept funds from another account, you must set up PayPal Cash or PayPal Cash Plus. These features allow you to send money to a PayPal account. 

This may seem like a tricky step, but it is actually quite simple, especially if you already have a verified account. 

Otherwise, follow the procedure to verify your account, and then you can accept funds on PayPal. 

Step 4

Once you have performed all the necessary steps on your PayPal account, you just have to tap on Add Money or click on the Transfer Money option available under your PayPal balance. 

Step 5

In the last step, you must use your bank account to transfer funds to PayPal. This can be the amount of money you had previously sent from your Venmo account to the linked bank accounts. 

Can I Transfer Money From Venmo To PayPal Without Bank Account?

If you can not use a linked bank account to transfer funds from Venmo to PayPal, you can try a few other indirect methods. 

  • Make Use of a Prepaid Card

Buy a prepaid card that works with both Venmo and PayPal. This way, you can add funds from your Venmo account to the card and transfer the money to PayPal. 

  • Get Help From a Friend or a Family Member 

Find a friend or a family member with a PayPal account. They can receive the funds via Venmo’s bank account and transfer money from their PayPal accounts to yours. 

How To Setup PayPal Visa+ Payname For Transfer To Venmo

Money transfer via Visa+ is another option you can use when sending money to Venmo. We will walk you through how it works: 

  1. Set up your PayPal account with a Payname. For more details, read this article on PayPal’s official website. 
  2. Then, visit the Me tab in your PayPal account. 
  3. Tap Settings and select Send Money to PayPal. 
  4. Enter your PayPal Payname and the amount you want to send in the following prompt. 
  5. Confirm the transaction details. You may be asked to confirm the phone number on your PayPal account in the last four digits to complete the payment. 

Be careful who you send Visa+ transactions to because once initiated, the transfer cannot be canceled or reversed. The funds can take up to 30 minutes to reflect in the recipient’s account. 

Venmo vs PayPal – In a Nutshell

There is no doubt that Venmo and PayPal are two famous payment platforms that can be utilized when one wishes to send or receive money from family members or friends. Since they serve the same purpose, you might be able to identify several similarities, but there are a few fundamental differences as well. 

PayPal Offers High Degree of Accessibility

Both apps can be used on desktops or via mobile phones. 

However, PayPal only lets you make online payments and transfer funds through the app. On the other hand, Venmo only allows money transfers using the mobile app. 

Venmo Is More Suitable For In-App Transfers

The money-sending features in the Venmo app are designed to make instant and easy transfers to other Venmo accounts. 

You can connect to them via a Facebook account or phone contact numbers. QR code scanning also supports Venmo money transfers. 

PayPal also has impressive features for sending money. You can initiate the transfer simply by creating a PayPal account.

I link, and there will be no need to worry about sharing email IDs or other personal information. PayPal users can connect in groups by creating a PayPal Cash or Cash Plus account. 

However, you must keep in mind that there are some fees associated with sending or receiving money on PayPal. The app charges a 2.9% fee for using a credit card, debit card, or reloadable app card. 

You can create Venmo and PayPal accounts for free. However, PayPal charges 2.9% per transaction and a fee of $0.30 when purchasing via debit or credit card. 

Venmo also charges 3% per transaction, but no other additional fees are associated with credit card or debit card use.

 In a nutshell, Venmo is typically meant for quick money transfers and has outstanding features like Cash a Check and no card usage fee. 

The downside, however, is that this service is only available in the US and, therefore, only accepted by some retailers who work worldwide. 

In contrast, PayPal has been made available in more than 200 countries.

 Compared to Venmo limits, it also offers a higher transfer limit and the best fraud and seller protection installed by any other competitive app. However, all these features come at a cost: high transaction rates and charges associated with debit card purchases. 

Extra Reading

The best part about becoming a Venmo user is that this service is entirely free. 

There may be some fees that you need to watch out for, but most of these are for selective services that are not necessary for every account holder. 

For example, Venmo is entirely free when you wish to transfer funds to a linked bank account or a debit card. 

You can also receive and withdraw money from your Venmo account without worrying about charges. 

However, if you use a credit card to make the transfer, you will pay a 3% fee. Furthermore, you need to pay a 1% fee if you opt to make an instant transfer. 

The minimum is $0.25, whereas the maximum transfer fee is $10

Users often need help transferring between PayPal and Venmo when they link the two accounts directly. As we have discussed before, it is not possible. 

Sometimes, it may be an in-app glitch or network problem. Try again after a while to see if the issue has been resolved. 

You might be interested in reading: Why Is Venmo Declining My Payment?

It would help to keep cross-currency exchange in mind when moving money in different currencies from Venmo to PayPal. 

  • Same-currency transactions are often cheap or free, but a currency exchange can incur additional charges. 

The funds you send from Venmo will be received in your PayPal account. If it is not the currency you wish to use, the conversion must occur in the PayPal Wallet. 

PayPal charges an exchange rate fee of 5% for international payments obtained through a PayPal balance or bank account. Additionally, a markup of 4% is often charged, which can vary depending on how much you transfer. 

You might be interested in reading: How Do I Unfreeze My Venmo Account?

The Bottom Line

Hopefully, this article has answered most of your questions about how to transfer money from Venmo to Paypal. If you think we missed or still need to include something important, remember to point it out in the comment section below. We would love to hear from you! 

Frequently Asked Questions About Venmo and PayPal Money Exchange Services

Do I have to pay any additional costs for Venmo transfers? 

No. Luckily, there are no additional charges when you send money using the Venmo app. However, if you choose to make an instant payment, that would incur a 1% extra fee, and credit card transfers have 3% additional charge. 

Can I cancel a Venmo money transfer after initiating it? 

No, you can not cancel a money transfer made via this app after you have hit the send button. The only way is to request that the owner of the other account return the funds since they were sent by mistake. 

Moreover, it is possible to cancel the Payment if you have sent an email ID or phone number. 

When working with Venmo to PayPal money transfer, would my transaction be covered by PayPal’s Protection policy? 

Yes. PayPal Seller Protection Policy safeguards Venmo transactions. 

How can I retrieve the Payment sent to an inactive Venmo account? 

If you want to take back a payment you have already spent, first, open the Venmo app and click on the three bars towards the upper-left corner of the main screen. Then click on Incompletely and tap to open the Payment tab. Lastly, you have to choose Cancel Payment, which will return the money that you had previously sent. 

Does it take long to send money from Venmo to PayPal? 

If you choose to do instant transfers, you can send money from Venmo within 30 minutes. This option is also available on weekends and holidays. 

Nonetheless, if waiting 3 to 4 days is not a problem, you can choose a standard money transfer. Instant money transfers incur extra charges and are only available to those with Visa or Mastercard debit cards. 

Can I transfer money from Venmo to a PayPal debit card?

The workaround you use to send money from Venmo to your PayPal account will also reflect the funds in your PayPal debit card.