Venmo is a money transfer service that allows you to send and receive money from friends and relatives. The platform also allows you to receive payments from customers if you have a Venmo Business Profile. But can you send money internationally with Venmo to recipients of other nations? We shall see later whether you can transfer money from Venmo to people in other countries.
It is important to note that Venmo is a product of PayPal. PayPal developed the service to help students split bills at restaurants, clubs, movie theatres, and other places that require sharing bills as you spend time together. Today, everyone can use Venmo to carry out various transactions such as those I named above. You can also pay bills such as water, electricity, and the internet.
Interestingly, Venmo has a debit card that you can use to purchase goods and services either online or at physical locations. Venmo Mastercard Debit Card is an excellent option to access your funds from your Venmo account so that you do not need to transfer money to a bank account to withdraw cash. Just like other cards, the debit card allows you to withdraw money at an ATM.
How does Venmo work?
The operation of Venmo is slightly different from the parent company, PayPal, in that users share money in a social feed. You can share and like payments in Venmo. Venmo operates in the following ways.
You can make payments by linking your bank account, debit, or credit card. You can also use your Venmo balance in case you have some funds in your account. To link a bank or card to your Venmo account, you can follow the procedure below.
- Log into your Venmo account.
- Tap “☰” at the top of the app
- Hit on “Settings”
- Choose “Payment Methods”
- Tap “Add a bank or card.
- Select “Bank” or card, depending on your preference.
- Choose your preferred verification method.
Once your bank or card is added to your Venmo account, you will be able to see it in the list of the available banks or cards. Once you link a bank account, you can easily transfer money in your Venmo account to your bank account.
Moreover, you can transfer money quickly using your friend’s phone number, email, or username. Recipients without Venmo accounts can still receive payments in their email addresses or phone numbers and proceed to create accounts to claim the funds.
After opening your account, you can find friends automatically when you sync your Facebook account or phonebook with Venmo. To send money to others using Venmo, you can follow the steps below.
- Log into our Venmo account.
- Look for the Pay or Request button on your screen. You can also look for a pencil and a square sign.
- Add the recipient or someone to charge. You can add one or more people to charge or to pay.
- Enter the amount, and include a note.
- Tap “Request” or “Pay” as per your wishes.
Funds will appear in the Venmo account of your recipient within minutes. If you were requesting a payment, your friend should see the request and send you money immediately, depending on your agreement. Now the question remains, how much money can you send on Venmo?
It is important to understand the maximum amount you can send to others once you join Venmo. As soon as you open a Venmo account, the sending limit for person-to-person transfers is $299.99. Your weekly limit increases to $4,999.99 when Venmo confirms your account.
You can use Venmo to split payments with friends and family members. Such bills include dinner bills, concert tickets, or a road trip. This is why PayPal created Venmo so that members can share payments. To split a payment, you need to send requests to your friends, and they will receive your request and act accordingly.
The most amazing part is that you can share payments and purchases on the Venmo social feed by commenting with fun. Usually, Venmo hides the actual payment amounts.
How can I send money internationally with Venmo?
With all the good things you can do with Venmo, the most significant disadvantage of the platform is that you cannot transfer money internationally using the platform. That means that you can only use Venmo within the US. However, there are indirect ways you can move money from Venmo to international recipients. They include the following.
1) Link Venmo to PayPal using a bank account
PayPal allows you to transfer money internationally to recipients in different parts of the world. However, you cannot transfer money from Venmo to PayPal directly. You have to link Venmo to PayPal using a bank account. First, link a bank account to Venmo, then add the same bank account to PayPal. Afterward, transfer money from your Venmo account to your bank account.
Since I highlighted how you can link a bank account to Venmo, let me show you how to move money from your Venmo account to a bank account. To transfer money from Venmo to a bank account, you can follow the procedure below.
- Log into your Venmo account.
- Navigate to the Transfer Money” section or “Transfer Balance” (you can also tap “Manage Balance” and then “Transfer to a Bank”).
- Enter the amount of money to move to your bank.
- Tap “Instant” (Venmo charges a small fee) or “1-3 Biz Days” (no fee), and choose your preferred bank account.
- Confirm the transfer details.
- Tap the green “Transfer” button.
The money must reflect in your bank account within the chosen time. If there is a delay, you should contact Venmo customer care.
Next, log into your PayPal account and navigate to add money to your account from the bank account. To add funds to PayPal account from a bank account, follow the steps below.
- Log into your PayPal account.
- Select Wallet.
- Hit on Transfer Money.
- Select Add money to your balance.
- Select the bank and enter the amount to transfer.
- Click Add.
Once the balance reflects in your PayPal account, you can then send money to an international PayPal recipient who receives the funds immediately or within a few minutes. They can then move the funds to their bank accounts.
2) Venmo to your bank, then do an ACH transfer
You can opt to move funds from your Venmo account to a bank account, then transfer money from your bank to the recipient’s bank in another country using the Automated Clearing House (ACH) network.
How to add money to my Venmo account
You can add money to your Venmo account using various methods. First of all, you can add money to your Venmo account using a bank account. You can transfer money from a bank account to Venmo in the following manner.
- Open the Venmo app.
- Hit on the menu icon located in the top left-hand corner.
- Select “Manage Balance,”
- Tap “Add Money.”
- Enter the amount of money to move to your account,
- Tap “Done.”
- Confirm the details of the bank account to transfer money from
- Tap “Next.”
- Review the transfer information and tap “Add Money.”
Alternatively, you can add money to your Venmo account using a debit or credit card. The procedure of adding money using a card is the same as adding money when using a bank account. You only select a debit or credit card instead of your bank.
Lastly, the most common way to add money to your Venmo account is by receiving money from friends and relatives. That way, you will have added money to your account. Also, you can receive payments from your clients when you supply goods or offer services.
How do I check my Venmo balance?
It is essential to always know the amount of money in your Venmo account to plan for your transactions. To check your Venmo balance using the smartphone app, you can open your app, then scroll your personal transactions feed (“$☰” icon to the right of friends’ feed). Next, tap your profile picture in the upper left-hand corner to see your balance.
When using a web browser on your computer, you can open your profile page and check your balance.
Can I transfer funds from Venmo to Cash App?
You cannot directly transfer money from Venmo to Cash App. You need to link the two platforms with a bank account, just like you need to do when transferring money from Venmo to PayPal. The first step is linking a bank account to Venmo, as I had highlighted earlier.
Next, add the exact bank details to your Cash App account. To add a bank account to Cash App, you can follow the procedure below.
- Hit on the Banking tab on your home screen.
- Tap Link Bank.
- Follow the prompts.
After that, you can then transfer money from your Venmo account to your bank account, then log in to your Cash App account to add money from the bank account. That way, you will have moved money from your Venmo account to Cash App.
Venmo is a money transfer platform that allows you to send and receive money within the US. It is a product of PayPal, although you cannot directly transfer money from Venmo to PayPal. Venmo also allows you to pay bills using the Venmo Mastercard Debit card.
You can also accept payments from your clients if you have a business account. You cannot directly transfer money to international recipients unless you use indirect ways.