How to Send Money from PayPal to Venmo: A Full Guide 2024

You can’t send a payment directly from PayPal to Venmo – or from Venmo to PayPal. However, there are a few workarounds if you hold money in PayPal and want to move it to Venmo – or vice versa.

We’ll look at some different ways to approach this in this guide, including using an alternative provider like Remitly or Wise. Alternative providers like these could be especially handy – and cut your transaction costs – if you hold a PayPal balance in a foreign currency and need to convert it to USD to move it to Venmo, or if you want to send an international transfer. We’ll cover more on that later.

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Can You Send Money From PayPal to Venmo?

At the moment you can’t send money from PayPal to Venmo directly. However, there are a few work-around options which we’ll explore in this guide.

Of course, PayPal and Venmo might not be your only payment options – or the best providers out there for your transfer needs. You can learn more about alternatives to Venmo or alternatives to PayPal in these handy guides.

Alternatives for International Transfers

PayPal and Venmo are really useful for making fast, simple payments within the US, and in US dollars. However, they may not be the best fit if you need to send a payment to someone overseas. Venmo isn’t internationally available – and while you can use PayPal to send a transfer overseas, you’ll usually run into some pretty steep fees, plus a currency conversion charge.

Instead of PayPal and Venmo, check out a few specialist services for sending money internationally.

Popular options include Remitly, Wise and Xe. Let’s take a look at how these providers measure up, and the features and fees you can expect.

Go to RemitlyGo to Wise

Wise Money Transfer

  • Send to 70+ countries, in 50+ currencies with the mid-market exchange rate
  • Transfers deposited into the recipient’s bank account for convenience
  • Payments are fast – can even be instant – and are arranged online or in the Wise app

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Remitly Money Transfer

  • Over 75 currencies are supported, with payout options including bank and mobile money deposits, and cash collection
  • Choose a lower fee for an economy transfer, or a faster express payment which can arrive in minutes
  • Exchange rates include a markup, which is often lower than the markup added by regular banks

Go to Remitly

XE Money Transfer

  • Send payments to 130+ currencies and 220+ countries and territories, online and in the XE app
  • Pay by card or bank transfer, and have your money deposited in your recipient’s bank account directly
  • Exchange rates include a markup, which is often lower than the markup added by regular banks

Go to Xe
Let’s take a look at this overview on the international transfers providers:

Provider/featureWiseRemitlyXe Money Transfer
International transfer feesLow, variable fee based on destination countryVariable fee depending on destination and delivery speedVariable fee depending on destination
Exchange ratesWise Exhange Rate: Mid-market exchange ratesRemitly Exchange Rate: Exchange rates include a markupXe Exchange Rate: Exchange rates include a markup
International transfer speedMore than 50% of payments arrive instantly, 90% arrive within 24 hoursEconomy payments – 3 to 5 days

Express payments arrive within minutes

1 – 4 days

Go to RemitlyGo to Wise

Which alternative provider is best for you will depend a lot on the specific payment you need to make. You’ll need to double check the provider you select supports the country you’re sending to, and offers the pay out method you prefer. Then you can compare the fee options and exchange rates from each to pick the one which offers the best balance of cost and convenience for you.

How to Send Money from PayPal to Venmo – All Options

Unfortunately at this stage there is no direct way to send money from PayPal to Venmo. Even though both payment platforms work in similar ways, and have a similar user experience, they’re not linked.

If you want to send money to someone from your PayPal account, the easiest way might be to simply have your recipient open a PayPal account and use that instead of trying to send to Venmo. Opening an account with PayPal is easy and free. Once your recipient has opened their PayPal account they can then withdraw the payment you send to their regular bank account, or use it when shopping online for example.

However, that might not always be possible to just avoid the problem. So what to do if someone has asked you to Venmo them and you want to pay from your PayPal balance? Or if you’re looking to transfer money between PayPal and Venmo accounts you hold in your own name?

Options for transferring money from PayPal to Venmo:

  1. Send the money from PayPal to your linked bank account and then use it to fund a Venmo payment
  2. Link a PayPal debit card to your Venmo account
  3. Consider an alternative provider

Method #1: Send Money Through a Bank Account

If you’re likely to need to transfer funds between PayPal and Venmo regularly, it’s probably worth linking a common bank account to both PayPal and Venmo so you can set up transfers this way.

You’ll need to link your bank account to PayPal, and verify it in the PayPal app. Link the same account to your Venmo account. Then withdraw your funds to the bank account from PayPal, and send over to Venmo instead.

Costs: No fee for a standard transfer from PayPal to your bank account as long as no currency conversion is required. 1.75% fee to make an instant transfer or send to your linked card. If currency conversion is needed, an additional fee of 3% – 4% is applied.

Speed: Standard bank transfers may take a few days to arrive. For a quicker withdrawal, choose an instant transfer.

Another option is to order a PayPal debit card, and add this to your Venmo account. Link your PayPal card to Venmo, and then use it to make transfers which can be funded by your PayPal balance.

This can be handy as there should be no cost as long as your PayPal balance is already held in USD. However, if you don’t already have a PayPal card, it’s a slow option as it’ll take a few days to get your card delivered.

Costs: No monthly or annual card fees, so you shouldn’t need to pay any PayPal or Venmo charges to use this method, as long as no currency conversion is needed

Speed: It will take several days to receive your PayPal card – once you have it, transfers should be more or less instant

Method #3: Consider Alternative Providers

PayPal and Venmo can be good for USD transfers – but they’re not usually the best or cheapest option to send payments in other currencies. If you’re sending a payment in a foreign currency – or if you need to withdraw your balance in USD and then send it on to someone overseas, consider an alternative like Remitly or Wise.

One option, for example, could be to open a free online Wise account, and link this to your PayPal account. Withdraw your funds in USD to Wise, and convert them to the currency you need for your payment using the mid-market exchange rate and low Wise fees from 0.41%.

This avoids the PayPal currency conversion charge, which runs up to 3% or 4% depending on the transaction type – but still lets you send on your funds in the currency of your choice.

Go to RemitlyGo to Wise

Here’s a reminder of the providers we looked at earlier, and why you might consider them:

Wise review: great for low cost transfers to bank accounts, all currency conversion uses the mid-market rate

Remitly review: strong option for sending payments for cash collection or home delivery, with varied fees and delivery times depending on your requirements

XE Money Transfer review: Send money to pretty much any country in the world, online or in-app, for deposit in your recipient’s bank account

Pros and Cons

Method #1: Send Money Through a Bank AccountMethod #2: Link PayPal Debit Card to Venmo Account
  • Easy if you have already linked the same bank account to both PayPal and Venmo
  • If you have not yet linked your bank account, linking your account to PayPal can take 3 days for verification
  • Linking your bank account to Venmo can be done instantly with a debit card, or in 1 business day for manual verification
  • You can only link your bank account to one PayPal account
  • Standard withdrawals from PayPal to your bank account take 3 – 5 days
  • Instant withdrawals are possible for a fee
  • Good option if you already have a PayPal debit card
  • If you need to wait for your PayPal card to be delivered, expect to wait 7-10 business days to get started
  • The PayPal debit card doesn’t have any monthly fees – but there are costs for some services you’ll want to check out
  • You may pay a fee if your PayPal card is funded through a credit card or foreign currency bank account

The Cost of Sending Money From Paypal to Venmo

Sending money from PayPal to Venmo payment methodCosts of the payment method
Use linked bank account to connect PayPal and Venmo accounts
  • Free to withdraw money from PayPal to your account using standard transfer
  • PayPal instant withdrawal fees – 1.75% of the withdrawal amount
  • Sending the payment through Venmo is fee free
Link a PayPal debit card to your Venmo account
  • Free to use your PayPal balance or fund payments through your linked bank account
  • Funding payments through a credit card linked to your PayPal account – 2.9% + fixed fee
  • Additional fees apply if you add funds to your PayPal account using cash or a check

What to avoid when sending money from PayPal to Venmo

As you’ve seen, there are a few potential costs you might run into when you make a payment from PayPal to Venmo. There are also extra fees if you’re using a bank account in a foreign currency, or hold a PayPal balance in anything other than USD.

Costs may include upfront admin fees, and markups added to the exchange rate used. These charges can push up the overall price of currency conversion significantly, and make it more expensive to send money from PayPal to Venmo.

Let’s say you hold a PayPal balance in euros, and want to use it to send a payment to a friend using Venmo. Venmo payments can only be accepted in USD, so you’ll need to convert the euro balance you hold to dollars to pass it on. One way to do this is to convert the money in your PayPal account before you send it to your linked bank account, or before you use it to send to Venmo using your PayPal card. However, in this case you’ll pay PayPal’s currency conversion fee which is 3% of the payment value, as well as any other fees you need to pay as part of the transfer.

You’ll often find that providers like Remitly and Wise can offer better exchange rates, faster international transfers and lower fees on transfers between different currencies.

Go to RemitlyGo to Wise

How to connect PayPal to Venmo

As we’ve seen, there is no direct way to connect PayPal and Venmo, to make transfers between the two providers. If you’re going to need to move money between PayPal and Venmo frequently, using a linked common bank account in your name is probably the easiest option. To set this up, take the following steps:

  • Log into PayPal and link your preferred USD bank account to your PayPal account
  • Check the same bank account is linked to your Venmo account – link to Venmo if not
  • From your PayPal account, select the option to withdraw funds to your bank account
  • Enter the withdrawal amount and select the bank account you want to withdraw to
  • Once the payment arrives in your bank account you can use the funds to make a Venmo payment as normal

Conclusion: Is it possible to transfer money from PayPal to Venmo?

So there you have it – the full guide to sending money from PayPal to Venmo. At the moment making payments between these two major platforms is not a  straightforward process. Using one of the workarounds we have explored can help you connect Venmo and PayPal to process a payment. Watch out for the potential costs, and try to give yourself a few days to get everything set up to make sure everything goes smoothly.

If you hold funds in a foreign currency in PayPal – or if you want to send money to someone based overseas and need currency conversion, you may find an alternative provider like Wise or Remitly can offer lower fees and a better exchange rate.

Consider sending your money from PayPal to a Wise account to send it on to bank accounts in any of 70+ supported countries – or use Remitly to get your money to 100+ countries with great options for cash collection.

Go to RemitlyGo to Wise

Ileana Ionescu
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Last updated
April 5th, 2023