If you look for ways to transfer money from Venmo to Paypal without a bank account, the answer is No. There is no direct way to share, but you can use some third-party services to transfer them. You can read this article to learn the third-party services and ways to move money.
What is a Venmo app?
Venmo is an app that transfers and receives money from one user to another. It is a digital wallet app, and you can transfer money for free within the US. You can use the app after installing the app and creating an account. After starting, link your bank account with the app and make transactions. Transactions after connecting a bank account are easy but without the hassle of transferring money. You can transfer money to anyone with only a phone number or email.
What is PayPal?
Paypal is the digital wallet app many people use to transfer money from one person to another. This app makes transactions simple and easy. You can pay for anything using this app. Trades are allowed for more than 200 countries and in 25 currencies. Download the app on your device and create an account using your email and phone number. Then link your bank account and add its balance to your Paypal account. You can transfer money just by phone number or email of the receiver.
Can I transfer money from Venmo to PayPal?
Even though Venmo is under Paypal, transferring money from Venmo to Paypal is no option. The app doesn’t allow direct transactions from one app to another app. It is even more difficult to transfer money without a bank account. But you can use some third-party services to transfer money from one app to another without a bank account.
How to transfer money from Venmo to PayPal without a bank account?
Due to its restrictions, we can only directly transfer money from Venmo to PayPal with a bank account. But you can transfer money without a bank account through third-party online services, e.g., Xoom and PayPal. me, and Transferwise. Follow the below steps to use Xoom to transfer money.
- Firstly, you need to download the Xoom app on the device and create an account using your mobile number or email Id.
- Then, link the Venmo account details like username and password in the Xoom app.
- Now you have to select the Paypal account as your receiver platform and enter the Paypal account’s email address.
- Next, enter the amount in the Xoom app you want to transfer and confirm your transaction.
- Please wait for your transaction after confirming it. The transaction may complete instantly or takes time, depending on the platform you used.
You must remember that there is some fee to transfer money without a bank account. The transaction fee depends on the amount; it is likely to be high for large amounts. So be careful while using the platforms while transferring money.
Things to remember while transferring money from Venmo to PayPal?
Things to remember if you are thinking of transferring money from Venmo to Paypal are,
- The first thing you must avoid while moving is ensuring you have enough funds for transactions.
- Do not share any personal information while transferring money.
- Always check whether the third-party service is authorized or not.
- Check and compare the fees for transferring money and choose the best.
With or without a bank account, the money transfer from Venmo to the PayPal app must be fixed. Even Venmo is from PayPal. They do not provide direct transactions. It is even more difficult if no bank account is linked to the app. But there are some third-party services available online to make transactions simple. Some of them are Xoom and PayPal. Me, and TransferWise apps. This article gave a clear explanation of the procedures. Follow them to make it easier.
Yes, we can transfer money without having a bank account through PayPal, Venmo, Money order service, etc.
The fee for transferring money from Venmo to PayPal depends on the third-party platform you are using. So, check the prices before moving.
Using Venmo, users can transfer money without a bank account linked to the app.
One of the valuable features of Venmo and PayPal is that we can pay any bills using these apps. You can pay by creating an account in the app.