Venmo is now known to be one of the most popular payment apps in the United States. Precisely for this reason, the payments made on Venmo are innumerable.
On the other hand, a PayPal, many people keep wondering if it’s possible to transfer money from Venmo to PayPal. For this reason, we have decided to write this post to clarify any doubts you might have as a user of these apps.
Let’s first look at the differences between these apps
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Mobile and Social Focus
There is a substantial difference between PayPal and Venmo. In fact, Venmo is, in effect, a mobile-first service. Designed as an app to be necessarily installed on the mobile phone to use it. Other than that, Venmo also has some social aspects absent which PayPal doesn’t have such commenting on every transaction.
Basically, Venmo isn’t just a digital wallet. In fact, apart from these features, it provides a kind of social media feed. Venmo allows you, in fact, to make public the transaction just made so that your friends have the opportunity to comment on the shopping or shared payment made.
Read also: How To Use Venmo App
Using Venmo and PayPal Together
Venmo has not gone international yet. The app is only available only in the US. For this reason, it is not physically possible to send money around the world, unlike PayPal. As Venmo operates exclusively in the United States, it is impossible to send money outside of the country.
Perhaps this is one of PayPal’s biggest advantages over its child brand. Clearly, the historicity of PayPal contributes to making it still today the most appreciated and known service for sending money internationally.
Especially in the States, PayPal has over the years expanded the number of its services to become a platform very similar to a normal banking institution which, in addition to sending money between individuals, transferring money, and making purchases, also offers the possibility to take out a loan and more.
You may also like: How To Transfer Money From Venmo to Cash App
Differences between Venmo and PayPal
Clearly, since Venmo is a PayPal-owned service, there are many differences between these two services. The platforms are very similar to each other and are both very easy to use. Both of them greatly facilitate, and in a secure way, economic transactions between friends, individuals and merchants.
As already mentioned, the biggest and most important difference is that PayPal has grown dramatically over the years and is able to offer a range of incredible financial services and products, becoming more of a bank than a simple payment app. With PayPal, you can transfer huge amounts of money around the world, which isn’t possible with Venmo, for now at least.
Is It Possible To Transfer Money from Venmo to Paypal?
As already mentioned, the biggest and most important difference is that PayPal has grown dramatically over the years and is able to offer a range of incredible financial services and products, becoming more of a bank than a simple payment app. With PayPal, you can transfer huge amounts of money around the world, which isn’t possible with Venmo, for now at least.
As we have already outlined, Venmo is currently available exclusively to users located in the US. Clearly, this is a problem that hinders its international growth. Arguably, this is a strategic choice by PayPal, which intends to test the validity of Venmo before launching beyond American borders.
For now, however, this is only a hypothesis. So what can you do if you say you want to send money to a friend outside the US? Well, you’ve probably thought about transferring money from your Venmo account to your PayPal account and then sending it to your said friend. But is it possible?
Even though Venmo is a PayPal child brand, there is no way to send money directly from your Venmo account to your PayPal account or someone else’s through a PayPal account.
Unfortunately, for now, the best solution remains to transfer money from your Venmo account to your bank account, then linking your bank account to your PayPal account, and then sending it to your friend’s account.
