How To Transfer Venmo To PayPal Without Bank Account In today’s world, mobile payment apps have made our lives easier than ever before. We can complete all transactions online, without leaving our homes. Two popular mobile payment apps that have gained huge popularity in recent years are Venmo and PayPal.
- While both platforms allow you to make quick and easy payments, sometimes you might want to transfer funds from Venmo to PayPal without.
- Perhaps you’ve received money on Venmo from a friend, but you want to transfer it to your PayPal account to make an online purchase.
- Or maybe you’re a freelancer who prefers receiving payments through Venmo, but you need to transfer the funds to your PayPal account for other transactions.
Whatever your reason may be, transferring can be tricky. In this today’s guide, we’ll discuss the steps you need to follow to transfer funds from, So, if you’re ready to learn how to transfer Venmo to PayPal without bank account, let’s get started. There Is no direct way or feature that allows you to account.
- Open the app.
- Go to the “You” tab and tap “Transfer” balance.
- Enter the amount you want to transfer and select either the Instant or 1-3 business day option. Note that instant transactions will incur a 1.5% fee.
- Now select your bank account, then tap the Transfer button.
- Log in to your PayPal account and select the Wallet tab.
- Select Transfer Money.
- Tap add money to your balance.
- Please choose your bank account, input the desired transfer amount, and then select the “Add” option.
First, it’s important to note that Venmo and PayPal do not offer a direct transfer option between each other. However, there are still a few ways to transfer money from Venmo to PayPal without a bank account. One way to transfer Venmo to PayPal without a bank account is to use a prepaid debit card.
- Purchase a prepaid debit card that is accepted by both Venmo and PayPal.
- Add your prepaid card as a payment method in both Venmo and PayPal.
- Transfer the funds from Venmo to your prepaid card.
- Once the funds are available on your prepaid card, transfer them from the prepaid card to PayPal.
Another way to transfer Venmo to PayPal without a bank account is to use a friend’s account. This method involves from your Venmo account to your friend’s Venmo account and then having your friend transfer the money to your PayPal account. This method can be useful if you have a trusted friend who will help you out. To transfer Venmo funds to PayPal, you need a Venmo debit card. If you don’t have one already, you can request one for free. The Venmo debit card is linked to your Venmo account and can withdraw money from an ATM or make purchases anywhere the Mastercard is accepted. After receiving your Venmo debit card, the next step is to add it to your PayPal account. To do this, log in to your PayPal account and go to “Wallet” > “Link a debit or credit card.” Enter your Venmo debit card information and save it in your PayPal account. Once your Venmo debit card is linked to your PayPal account, you can transfer funds from Venmo to PayPal. To do this, follow these steps:
- Open the Venmo app and tap on the “☰” icon at the top left corner.
- Tap on “Transfer to Bank” and then “Instant Transfer.”
- Enter the amount you want to transfer and select your Venmo debit card as the destination.
- Tap “Transfer” and the funds will be instantly added to your Venmo card.
Once the money has been transferred to your Venmo Debit card, you can withdraw them to your PayPal account. Transferring Venmo to PayPal without a bank account may seem complicated, but it’s actually quite easy. By following the steps outlined above, you can quickly and easily transfer money between the two payment apps without any hassle.
- Just remember to request your Venmo debit card and link it to your PayPal account before initiating the transfer.
- Yes, it is possible to transfer money from Venmo to PayPal without a bank account.
- To transfer money from Venmo to PayPal without a bank account, you need to have a debit card linked to your Venmo account and a PayPal Cash Plus account.
John Gurche was born in Los Angeles, California, and raised in Utah, England, New York, and Los Angeles again. He attended the University of California, Santa Barbara, earning his BA in 1969, and his Ph.D. in 1975. He is the author of 10 books, including: A History of Western Philosophy (with Stephen Toulmin), The Moral Landscape: How Science Can Determine Human Values, and The Liberal Imagination.
Contents
- 1 Can I transfer from Venmo to PayPal?
- 2 What happens if Venmo doesn’t have my bank?
- 3 How do I transfer money from Venmo to Apple pay?
- 4 How does Venmo work with PayPal?
- 5 How to transfer money from Venmo to Cash App without a card?
- 6 How do I transfer money from Venmo to my card?
- 7 How do I get a Venmo virtual debit card?
- 8 Can I transfer money from Venmo to Zelle?
Can I transfer from Venmo to PayPal?
Conclusion – While transferring money directly from Venmo to PayPal may not be possible, transferring funds between the two platforms is still possible. You can easily move money between the two platforms by connecting your PayPal account to Venmo and transferring funds through your bank account.
Can you transfer money out of Venmo without a bank account?
How To Get Money From Venmo Without Bank Account – The best way to withdraw money with Venmo without a bank account is via the Venmo debit card. Venmo debit cards perform the same functions as other debit cards that are issued by credit unions and banks.
- While other debit cards allow online transfers, the Venmo Debit Card allows the same, so it is possible to withdraw money from Venmo without a bank account.
- A Venmo debit card is linked with the Venmo account balance.
- Any figure or amount the balance is on your Venmo balance is exactly the same you have on you have on the Venmo debit card is carrying.
This means that if you are topped up by someone else with Venmo, this will reflect on your Venmo debit card. If you don’t have the Venmo debit card, the method to access money through Venmo without having a bank account would not be feasible. #venmo #venmoapp #sendmoney #recievemoney #sendmoneyabroad
Can you send money to a PayPal account without a bank account?
Receive | Withdrawal | Spend | Send Money the way you want In Uganda, simply and securely, with A Fully working PayPal. – Published Jun 13, 2023 Can I Use PayPal Without a Bank Account? Credit: PayPal Uganda PayPal has become one of the most popular online payment systems, providing a convenient and secure way to make transactions globally. With its user-friendly interface and widespread acceptance, PayPal has made online shopping, money transfers, and e-commerce more accessible to millions of people worldwide.
However, a common question that arises is whether it’s possible to use PayPal without a bank account. In its basic form, having a bank account is not a requirement to create a PayPal account. When signing up for PayPal, you have the option to link it to either a bank account, a credit card, or both. While linking a bank account to your PayPal account is a common practice, especially for withdrawing funds, it is not mandatory.
If you don’t have a bank account, you can still use PayPal by linking it to a credit card. Credit: PayPal Uganda Linking a credit card to your PayPal account allows you to make purchases and receive payments without the need for a traditional bank account. When you make a payment using PayPal with a linked credit card, the funds are charged to your credit card directly, and you don’t have to worry about maintaining a separate balance in your PayPal account.
This can be particularly useful for individuals who prefer not to have a bank account or are unable to open one for various reasons. It’s important to note that PayPal’s policies and requirements may vary depending on your country of residence. While most countries allow users to link a credit card to their PayPal accounts, there could be exceptions or limitations in certain regions.
It is always advisable to check PayPal’s official website or contact their customer support to confirm the specific requirements for your country. Credit: PayPal Uganda Using PayPal without a bank account has its advantages and disadvantages. On the positive side, it offers flexibility to individuals who may not have access to banking services or prefer to keep their finances separate. It allows you to make online purchases, receive payments, and send money to others easily.
Additionally, PayPal offers buyer protection and secure transactions, ensuring that your financial information remains safe. However, there are a few considerations to keep in mind when using PayPal without a bank account. First, without a bank account, you may face limitations when it comes to withdrawing funds.
While you can use the funds in your PayPal account for online purchases, transferring those funds to a physical bank account may require additional steps or incur fees. It’s essential to understand the withdrawal options available in your country and any associated costs.
- Furthermore, not having a bank account linked to your PayPal account means you won’t be able to utilize certain features such as direct deposit or linking PayPal to other financial services that require a bank account.
- If you anticipate needing these services or want to have more control over your financial transactions, having a bank account linked to your PayPal account could be beneficial.
In conclusion, while it is possible to use PayPal without a bank account, linking a credit card provides an alternative method to access PayPal’s services. This flexibility allows individuals without a traditional bank account to engage in online transactions and e-commerce.
Can I use Venmo to send money to Cash App?
Method 2: Link a mutual bank account to Venmo and Cash App – Linking your Venmo and Cash App to a single bank account is more efficient since both will be able to access your account balance. That means you will be able to transfer money from Venmo to Cash App and vice versa. To do this:
Add the bank account that you want to link with your Cash App.Verify the bank account through the given methods.Transfer the balance to your bank account by clicking the “Transfer Money” button in Venmo.
Once the balance has transferred to your bank account, switch over to your Cash App:
Tap the Balance Tab on the home interface.Select Add Cash and enter the desired amount.Verify your actions using the Touch ID feature or your PIN.
Make sure to link your Cash App and Venmo to a mutual bank, or the balance transfer won’t work. You can also add money to your Venmo account simply by using a checking account. What’s the Maximum Amount that You Can Transfer? An unverified account typically only allows up to $299.99 of transfer, but this amount will increase to $3,000 per week once you’ve verified your identity.
Tap the “Three Layers of Horizontal Lines” at the top of the interface.Tap “Settings” and then “Identity Verification.”Submit the following information: full name, address, social security number, zip code, and birthdate.
How do I withdraw money from Venmo without a card?
Does Venmo Offer Cardless Withdrawals? Simply put: no, Venmo does not offer cardless ATM withdrawals. This means that you cannot withdraw money from Venmo without a card on you.
What happens if Venmo doesn’t have my bank?
Download Article Download Article Do you want to link your bank account to your Venmo? If you use a larger US-based bank, you can do so instantly. If not, you can enter your account information manually to have access to your funds within 1-3 business days. This wikiHow teaches you how to link and verify your bank account with Venmo using a computer, phone, or tablet.
- 1 Open Venmo. It’s a light blue icon with a bold, white V, You’ll usually find it on the home screen (iPhone/iPad) or in the app drawer (Android). If you haven’t already signed in, you’ll be prompted to do so.
- This method instantly links your bank account using a service called Plaid. As long as you have a larger US-based bank, you can use this method to start sending money in minutes.
- 2 Tap the Me icon. You’ll see it at the bottom-right corner of the screen. Advertisement
- 3 Tap the gear icon. It’s at the top-right corner of the screen. A menu will expand.
- 4 Tap Payment Methods, It’s near the top of the menu.
- 5 Tap Add a bank or card, This option appears beneath any other payment options you’ve added to Venmo thus far.
- 6 Select Bank, It’s the first option in the menu.
- If you’d rather add a credit card, you can select Card here. Just be aware that there’s a 3% fee each time you send money with a credit card.
- 7 Read the Instant Bank Verification screen and tap Next, Depending on your bank, you may be able to link it instantly by verifying it through a service called Plaid.
- If you’d rather add your bank manually (or you’ve already tried connecting your bank and found that it’s incompatible with Plaid, tap Verify bank manually instead at the bottom and follow the on-screen instructions to enter your banking information.
- 8 Read the Plaid terms and tap Continue, This screen just tells you that Plaid won’t share your password with anyone and that the connection will be secure.
- 9 Select your bank. Tap your bank’s logo in the list if it appears. If you don’t see it, type its name into the search bar at the top of the screen, then tap it if/when it appears.
- If you can’t find your bank, you’ll have to verify manually. See Using Manual Verification on a Phone or Tablet to learn how.
- 10 Sign into your online banking account. The login method varies by bank, so follow the on-screen instructions to access your account.
- 11 Follow the on-screen instructions to verify. The instructions vary by bank. Once you’re verified, you can start using your account to send money.
- Some banks require you to generate a one-time application code on their website or in their app. If this is the case for your bank, follow the on-screen instructions to generate and validate the code.
- See this wikiHow to learn how to send your first payment on Venmo.
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- 1 Open the Venmo app. It’s a light blue icon with a bold, white V, You’ll usually find it on the home screen (iPhone/iPad) or in the app drawer (Android). If you haven’t already signed in, you’ll be prompted to do so.
- This method requires you to wait a 1-3 business days to receive a few small deposits from Venmo. Once you receive and confirm these deposits, you can start using your bank account in the app.
- Have a check handy so you can enter your routing and account numbers. You’ll also need at least $2 in your bank account to avoid potential bank fees.
- If you’re using a computer, click here to sign in to your Venmo account online. The steps will be very similar to the app.
- 2 Tap the Me icon. You’ll see it at the bottom-right corner of the screen.
- 3 Tap the gear icon. It’s at the top-right corner of the screen. A menu will expand.
- 4 Tap Payment Methods, It’s near the top of the menu.
- 5 Tap Add a bank or card, This appears below any payment methods you’ve already added.
- 6 Select Bank, It’s the first option in the menu.
- 7 Tap Verify bank manually instead, This is located underneath the blue “Next” button.
- 8 Enter your bank account details. Grab a check and follow these steps:
- Type your routing number into the first blank. This is the 9-digit number typically found in the bottom-left part of a check.
- Type your account number into the second blank. It’s at the bottom-right edge of the check. Be sure you don’t include the check number, which sometimes appears at the bottom-right corner after your account number.
- Type your account number into the third blank to confirm.
- 9 Tap Save and Continue, It’s at the bottom of the form.
- 10 Check your recent bank transactions in 1-3 business days. Look for two small (less than $1) deposits from Venmo in your online banking account. You’ll need these exact amounts to confirm.
- If you don’t have online banking, call your bank and ask for the amounts from two recent deposits from Venmo.
- 11 Go to venmo.com/verifybank in a web browser. You can do this on a computer, phone, or tablet.
- 12 Enter your Venmo sign-in details and tap Sign In, This will bring you to a page that allows you to enter the recent deposits.
- If you haven’t signed into Venmo on the web, follow the on-screen instructions to request and enter a sign-in confirmation code.
- 13 Enter the two amounts as requested. Once Venmo confirms the amounts, your bank account will be validated and ready to use.
- See this wikiHow to learn how to send your first payment on Venmo.
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- 1 Go to venmo.com on your computer. You can use any web browser on your computer to add your bank account.
- If you’re not already signed into your account, click Log In at the top-right corner to sign in now.
- This method instantly links your bank account using a service called Plaid. As long as you have a larger US-based bank, you can use this method to start sending money in minutes.
- 2 Click Settings, This is located in the left menu.
- 3 Click Payment Methods, This is also located in the left menu.
- 4 Click Add bank or card, It’s under the “Payment methods” header near the center of the page.
- 5 Click Bank, It’s the first option.
- 6 Click Next, This is located underneath “Instant Bank Verification.” You will be able to read some further information about Plaid here.
- 7 Read the description and tap Continue, This screen just tells you that Plaid won’t share your password with anyone and that the connection will be secure.
- 8 Select your bank. Click your bank’s logo in the list if it appears. If you don’t see it, type its name into the search bar at the top of the screen, then click it if/when it appears.
- If you can’t find your bank, you’ll have to verify manually. See Using Manual Verification on a Computer to learn how.
- 9 Sign into your online banking account. The login method varies by bank, so follow the on-screen instructions to access your account.
- 10 Follow the on-screen instructions to verify. The instructions vary by bank. Once you’re verified, you can start using your account to send money.
- Some banks require you to generate a one-time application code on their website or in their app. If this is the case for your bank, follow the on-screen instructions to generate and validate the code.
- See this wikiHow to learn how to send your first payment on Venmo.
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- 1 Go to venmo.com on your computer. You can use any web browser on your computer to add your bank account.
- If you’re not already signed into your account, click Log in at the top-right corner to sign in now.
- This method requires you to wait a 1-3 business days to receive a few small deposits from Venmo. Once you receive and confirm these deposits, you can start using your bank account in the app.
- Have a check handy so you can enter your routing and account numbers. You’ll also need at least $2 in your bank account to avoid potential bank fees.
- 2 Click Settings, This is located in the left menu.
- 3 Click Payment Methods, This is also located in the left menu.
- 4 Click Add bank or card, It’s under the “Payment methods” header near the center of the page.
- 5 Click Bank, It’s the first option.
- 6 Tap Add manually instead, This is located underneath the blue “Next” button.
- 7 Enter your bank account details. Grab a check and follow these steps:
- Type your routing number into the first blank. This is the 9-digit number typically found in the bottom-left part of a check.
- Type your account number into the second blank. It’s at the bottom-right edge of the check. Be sure you don’t include the check number, which sometimes appears at the bottom-right corner after your account number.
- Type your account number into the third blank to confirm.
- 8 Click Save and continue, It’s the blue button at the bottom of the form.
- 9 Check your recent bank transactions in 1-3 business days. Look for two small (less than $1) deposits from Venmo in your online banking account. You’ll need these exact amounts to confirm.
- If you don’t have online banking, call your bank and ask for the amounts from two recent deposits from Venmo.
- 10 Go to venmo.com/verifybank in a web browser. You can do this on a computer, phone, or tablet.
- If you’re not already signed in, follow the on-screen instructions to sign in now.
- 11 Enter the two amounts as requested. Once Venmo confirms the amounts, your bank account will be validated and ready to use.
- See this wikiHow to learn how to send your first payment on Venmo.
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Ask a Question 200 characters left Include your email address to get a message when this question is answered. Submit Advertisement Article Summary X 1. Open Venmo,2. Tap the Me icon.3. Tap Settings,4. Tap Payment Methods,5. Tap Add bank or card,6. Tap Bank,7.
How do I transfer money from Venmo to Apple pay?
Summary – It’s possible to add Venmo to a digital wallet. Popular digital wallets, such as Google Pay and Samsung Pay, can also easily integrate with Venmo cards. However, you can’t add Venmo to Apple Pay directly. You’ll need to do so indirectly. Just connect a bank account to your Venmo, and then link that bank account to Apple Pay.
How does Venmo work with PayPal?
How it works – Your existing PayPal buttons display a Venmo button. When payers select Venmo, they can pay in the Venmo app. Payers can use Venmo on the same pages they can use PayPal, including your product page, cart page, and checkout page. Note: Payers must have the Venmo app installed.
Can you send money on PayPal without a card or bank?
Do you need a credit card for PayPal? You don’t need a credit card to use PayPal. As long as you have a bank account, you can set up a PayPal account without a credit card or debit card. It’s helpful to understand how PayPal works and what your options are for sending and receiving money through their app. In this article, you’ll learn:
- What is PayPal?
- How do I use PayPal without a credit card?
- How do I link my bank account to PayPal?
- How do I send or receive money with PayPal?
- Is PayPal free to use?
- How can Chase customers maximize their benefits when using PayPal?
How do I send money to someone’s PayPal account?
With PayPal, you can make a payment to someone’s email address or via PayPal.Me, Here’s how to pay using our website:
- Go to Send and Request,
- Enter the recipient’s name, PayPal username, email address, or mobile number and click Next,
- Enter the amount, choose the currency, add an (optional) note and click Continue,
- If available, choose your payment type.
- Choose how you want to pay and click Next,
- Review the information and click Send Payment Now,
To send money on the app:
- Tap Payments,
- Enter the recipient’s information: Name, @username, email, or mobile.
- Enter the amount, choose the currency, add an (optional) note, and tap Next,
- Select your payment method, review your information, and tap Send.
After the payment is sent, your recipient will receive an email notification. If the recipient doesn’t have a PayPal account, we’ll explain how to sign up for one. New PayPal members must confirm their email address and complete any required identity confirmation before they can accept your payment. Here’s how to send a payment using PayPal.Me:
- Click the PayPal.Me link you were given or enter it into your browser.
- Click Send,
- Enter the amount, add a note (optional), and click Continue,
- If available, choose “Sending to a friend” or “Paying for an item or service.”
- Choose your payment method and click Next,
- Review the details and click Send Payment Now,
Here’s how to send a payment using PayPal.Me with the app:
- Tap the PayPal.Me link you were given or enter it into your browser.
- Tap Send,
- Enter the amount, add a note (optional), and tap Continue,
- If available, choose “Sending to a friend” or “Paying for an item or service.”
- Choose your payment method and tap Next,
- Review the details and tap Send Payment Now,
If you’re sending money to a friend or family member internationally, please visit Xoom, Notes:
- Choose “Paying for an item or service” when you buy goods or services. The seller will pay a small fee to receive your money.
- Choose “Sending to a friend” when sending money to a friend or family member. There may be a small charge to you depending on how you pay or if it’s an international payment. This payment type will only be available for payments sent to Personal PayPal accounts. Business accounts won’t be able to receive these payment types.
- Once you send money, you won’t be able to cancel or reverse the payment. If you make a mistake, including sending the wrong amount or selecting the wrong payment type (“Sending to a friend” versus “Paying for an item or service”), you’ll need to contact the recipient to request a refund. The recipient can only issue a refund using our website. If you selected “Paying for an item or service” but are sending money to a friend or family member, you’ll need to confirm receipt of the item before the recipient can issue a refund to you.
How to transfer money from Venmo to Cash App without a card?
How to Transfer Money From Venmo to Cash App: Step-by-Step Guide with Photos FAQs (Frequently Asked Questions) – How do I send money directly from Venmo? You can send money directly from your Venmo account through the Pay/Request option on the screen’s bottom.
Then, search for that person and add them. On the next screen, enter the transfer amount and add a note describing the reason for the payment. Finally, tap Pay to send the money across. Can you transfer money from Venmo to Cash App? You can’t transfer money from Venmo to Cash App directly, but there are a few ways to do it indirectly.
For instance, you can do it through Direct Deposit on your Cash App account or by connecting your Cash Card to your Venmo account. You can also link your Cash App and Venmo accounts to one bank account and transfer money from Venmo to the bank and then to Cash App.
- What cards can I link to Venmo? You can link credit, prepaid, and debit cards to your Venmo account.
- The network branded cards, such as MasterCard, Discover, American Express, and Visa cards are also allowed if registered in your name.
- Does Venmo transfer instantly? Instant transfers of Venmo take up to 30 minutes, while standard transactions require 1 to 3 business days to reach the destination account.
Bank transfers also take up to 3 business days to complete. Why can’t I transfer money from Venmo? You won’t be able to transfer money from Venmo if your bank doesn’t support instant transfer platforms. You can confirm it by contacting the bank.
Why can’t i cash out on Venmo?
Are Funds Always Available Within 30 Minutes? – The majority of Instant Transfer requests are completed in under a half-hour. There are rare occasions where the funds may be delayed or blocked for a variety of reasons. These reasons include potential fraud, legal roadblocks, and past issues with your account or the sender’s account.
What cards can I link to Venmo?
We allow credit, debit, and prepaid, network branded (e.g. American Express, Discover, MasterCard, Visa) cards registered under your name to be added to Venmo. Please note the following: Cards may be declined by the card issuer or Venmo for funds availability or fraud prevention reasons.
How do I transfer money from Venmo to my card?
Enter or edit the amount you would like to transfer to your bank. Tap ‘Instant’ (for a small fee) or ‘1-3 Biz Days’ (for no fee), and select your preferred bank account or debit card. Confirm your transfer details, and tap the green ‘Transfer’ button.
How do I get a Venmo virtual debit card?
A virtual card number is available to you in the Venmo app as soon as you are approved for the Venmo Credit Card. That number can be used for online purchases and you can also request a new virtual number in the Venmo app (which deactivates your previous virtual card number).
Can you use Venmo with just a card?
Yes, you can use a credit card on Venmo, but it might not be the best idea to do so. This is the only payment method for which Venmo charges a 3% fee.
Can I transfer Venmo to Apple pay?
Summary – It’s possible to add Venmo to a digital wallet. Popular digital wallets, such as Google Pay and Samsung Pay, can also easily integrate with Venmo cards. However, you can’t add Venmo to Apple Pay directly. You’ll need to do so indirectly. Just connect a bank account to your Venmo, and then link that bank account to Apple Pay.
Is Venmo owned by PayPal?
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. If you’ve ever shopped online, you’ve probably encountered a situation where you’re about to check out only to decide the payment process is too difficult to justify your purchase.
When you’re starting a business or taking your company to the next level, choosing the right platform to accept payments from customers is essential for a smooth and functioning business. Featured Partners Transaction Fee Starting at $79 Transaction Fee 0.40% plus 8 cents in (person) or 0.50% plus 25 cents (online) Pricing $6.95 per month, 0.29% to 1.99% per transaction PayPal and Venmo are two of the most popular payment platforms.
Both are free to set up and easy to use and, while there are some similarities—Venmo was acquired by PayPal in 2013—their differences outweigh their similarities. The better-suited platform for your company will help ensure your transactions are smooth, and that your customers follow through on their purchases.
Can I transfer money from Venmo to Zelle?
Can Zelle Send Money to Venmo? – You will not be able to use Zelle to send money to a Venmo account. The two services work completely differently. Venmo funds are held as a Venmo balance in your account for you to spend or transfer, but Venmo is not considered a bank.
- Zelle is a peer-to-peer app designed to transfer funds between bank accounts,
- Since Venmo is not a bank account, you won’t be able to transfer funds to Venmo from Zelle.
- The only workaround to this limitation would be to use Zelle to send money to the bank account a Venmo user has linked to their Venmo account.
Once the user receives your Zelle payment into their bank account, they can then transfer the funds from their linked bank account straight into their Venmo balance.