How to send money from PayPal to Venmo without using bank account?
Transferring funds between PayPal and Venmo is not as easy as one might expect, even though both are owned by the same parent company. Currently, PayPal and Venmo don’t offer a direct transfer option between accounts. However, there is a workaround using linked debit cards and apps like Cash App. Here’s a step-by-step guide on how to transfer your PayPal balance to Venmo without involving a traditional bank account.
1. Understanding the Basics: Why Can’t You Transfer Directly?
First, it’s helpful to understand why a direct transfer isn’t possible. While PayPal and Venmo are both owned by PayPal Holdings Inc., they operate on separate systems. Therefore, they don’t offer a built-in feature for transferring money from one platform to the other. This guide will help you navigate this obstacle by using the PayPal and Venmo debit cards along with Cash App.
2. Setting Up a PayPal Debit Card
If you haven’t already, consider signing up for a PayPal debit card. The PayPal Cash Card allows you to access your PayPal balance in a manner similar to a traditional bank debit card. Here’s how to set it up:
- Log in to your PayPal account.
- Navigate to the “PayPal Cash Card” section and follow the prompts to request your card.
- Once approved, the physical card will arrive in a few days, but you can also access the card details (number, expiration date, and CVV) directly in the PayPal app.
3. Setting Up a Venmo Debit Card
Similarly, the Venmo debit card is a valuable tool in this process, as it gives you the ability to move funds in and out of Venmo as if it were a regular bank account. To get a Venmo debit card:
- Open your Venmo app and navigate to “Venmo Card.”
- Apply for the card and, like with PayPal, you’ll receive the card’s details in the app before the physical card arrives.
4. Link Your PayPal and Venmo Debit Cards to Cash App
The Cash App allows you to link multiple cards, providing an effective workaround for transferring money between PayPal and Venmo. Here’s how:
- Open your Cash App and go to the “Linked Banks” section.
- Link your Venmo debit card by entering the card details.
- Once the Venmo debit card is linked, return to the “Linked Banks” section and add your PayPal debit card.
This setup allows Cash App to act as a bridge between PayPal and Venmo.
5. Moving Money from PayPal to Venmo Using Cash App
With your PayPal and Venmo debit cards linked to Cash App, you’re ready to transfer funds:
Step 1: Add Cash to Cash App Using PayPal
- In Cash App, go to “Add Cash.”
- Select your PayPal debit card as the funding source.
- Enter the amount you want to transfer (e.g., $500) and complete the transaction.
This will move your funds from PayPal to Cash App instantly, with no fees.
Step 2: Transfer Money from Cash App to Venmo
- Now, in Cash App, go to “Cash Out.”
- Select your Venmo debit card as the withdrawal destination.
- Enter the amount to transfer to Venmo and complete the transaction.
In a few minutes, your PayPal funds will have moved to your Venmo account, all without fees.
6. Alternative Methods and Considerations
While using Cash App as a bridge between PayPal and Venmo is one of the most effective methods, there are a few other approaches you might consider:
Using Visa+ Services. Read more👉👉how to How to Send Money from PayPal to Venmo and Vice Versa Using Visa+
Visa+ is a service some users mention for linking peer-to-peer accounts across platforms like PayPal and Venmo. While still not a direct transfer option, Visa+ may offer future potential for linking multiple digital wallets, so it’s worth monitoring.
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