Transfer Money Venmo To Paypal? 🔴 YouTube from www.youtube.com
Introduction
In today’s world, transferring money online has become a necessity. There are several online payment platforms available, and Venmo and PayPal are two of the most popular ones. Venmo allows you to send and receive money from friends and family, while PayPal is a global payment system that allows you to make online purchases and transfer money. In this article, we will discuss how to transfer money from Venmo to PayPal in 2023.
Why Transfer Money from Venmo to PayPal?
There could be several reasons why you may want to transfer money from Venmo to PayPal. For instance, if you have received money on Venmo, and you want to make an online purchase, you may need to transfer money to your PayPal account. Similarly, if you have received money from someone who doesn’t have a PayPal account, you may want to transfer it to your PayPal account to make online transactions.
Step-by-Step Guide to Transfer Money from Venmo to PayPal
Here’s how you can transfer money from Venmo to PayPal in 2023:
Step 1: Check Your Venmo Balance
The first step is to check your Venmo balance to ensure that you have enough funds to transfer to PayPal.
Step 2: Link Your PayPal Account to Venmo
To link your PayPal account to Venmo, open the Venmo app, and go to Settings > Payment Methods > Add Bank or Card. Select “Add Bank Account” and enter your PayPal account details.
Step 3: Initiate the Transfer
Once your PayPal account is linked to Venmo, go to the “Transfer to Bank” option on the Venmo app. Select PayPal as the transfer method and enter the amount you want to transfer. Confirm the transfer and wait for the amount to reflect in your PayPal account.
Things to Keep in Mind
Here are some important things to keep in mind while transferring money from Venmo to PayPal:
1. Fees
Venmo charges a 1% fee for instant transfers, while PayPal charges a 1% to 2% fee for instant transfers. However, standard transfers are free of charge.
2. Time
Instant transfers are processed within minutes, while standard transfers may take up to three business days to reflect in your PayPal account.
3. Limits
Venmo has a daily transfer limit of $4,999.99, while PayPal has a daily transfer limit of $10,000.
Conclusion
Transferring money from Venmo to PayPal is a simple process that can be completed within minutes. However, it’s important to keep in mind the fees, time, and limits while initiating the transfer. By following the steps mentioned in this article, you can easily transfer money from Venmo to PayPal in 2023.