Looking for an alternative to Venmo that provides the same level of convenience in mobile payments? If you’re hesitant to give up that convenience, then you’re in luck! This article will tell you how to transfer venmo to paypal without bank account.
PayPal VS Venmo:
PayPal is globally recognized as the largest and most widely used online payment system. It provides users with a platform to transfer money online, whether it be for online purchases or to send money to friends and family. Recipients without a PayPal account can easily create one for free to receive money.
On the other hand, Venmo is a well-known mobile payment app that offers an easy and free way to send and receive money. However, Venmo has certain limitations such as only allowing the linking of bank accounts or debit cards.
In contrast, PayPal is a secure and convenient option to send and receive money online with over 250 million active users worldwide. To transfer funds from Venmo to PayPal, linking the two accounts is required, following which funds can be transferred instantly.
Reasons for Transferring Funds from Venmo to PayPal
Suppose your primary use of PayPal is for online shopping; in that case, it’s practical to keep your Venmo balance in your PayPal account, eliminating the need for transferring funds every time you make a purchase.
On the other hand, if Venmo is your go-to platform for money transfers, it’s advisable to maintain your balance in Venmo to avoid transfer fees associated with moving funds from Venmo to PayPal.
How To Link Venmo To PayPal?
Sending money to family and friends is not the only benefit of Venmo; it can also be used to shop online. One way to do this is by linking your Venmo account to PayPal, either by using your Venmo balance to make purchases or by transferring funds from Venmo to your PayPal account. To link your Venmo account to PayPal, follow these steps:
- Open the Venmo app and tap on the “Three Lines” icon located in the top-right corner.
- Select “Settings,” then “Payment Methods.”
- Simply select the “Add Payment Method,” followed by selecting PayPal.
- When prompted, sign into your PayPal account.
- Once completed, your accounts will be linked.
If you want to transfer funds from Venmo to your PayPal account, follow these steps:
- Open the Venmo app and select “Settings,” then “Bank Accounts.”
- Select “Add Bank Account,” then again select PayPal.
- And after Sign in to your PayPal account
- Once completed, your accounts will be linked, and you can now transfer funds from Venmo to PayPal.
Transfer Venmo to PayPal Without Bank Account
Transferring funds from Venmo to PayPal is possible even without a bank account, using the ‘PayPal Me’ feature. This feature enables you to link your Venmo account to PayPal and transfer funds between the two without involving a bank. You only require a smartphone or computer and the internet. Here’s a step-by-step guide:
- Launch the Venmo app on your mobile device or access Venmo via your computer.
- Tap on the ‘Three Lines’ icon located in the top left corner of the screen and select ‘Settings.’
- Simply Scroll and tap on ‘Linked Accounts.’
- Select ‘PayPal’ and then log in to your PayPal account.
- After logging in, tap on ‘Confirm’ to link your accounts.
- To transfer funds from Venmo to PayPal, go to the ‘Send Money’ page on Venmo and enter the amount you want to transfer.
- Under ‘To’, select ‘PayPal’ and then tap to ‘Continue’.
- Review the transaction details and then tap on ‘Send Money.’
- The funds will be transferred instantly from Venmo to PayPal without the need for a bank account.
Transfer Venmo to PayPal With Bank Account?
If you’re looking to transfer funds from Venmo to PayPal, there is no direct method available. Nevertheless, there are some workarounds that you can use to achieve this. One of the ways is to link your Venmo account to a bank account and then transfer the funds from your Venmo account into your bank account.
Once the funds are in your bank account, you can then use PayPal’s ‘Send Money’ feature to transfer the funds from your bank account to your PayPal account. Although this process requires some effort, it is still possible to get your Venmo funds into your PayPal account.
Conclusion
To transfer Venmo to PayPal without a bank account, you can use a credit or debit card to link your accounts. Another option is to withdraw money from your Venmo balance into your PayPal account. I hope this information helps you transfer funds between Venmo and PayPal.
