Can You Transfer Money From Venmo To Apple Pay?

Apple Pay and Venmo are two very popular online mobile payment service we have in the world today. They are both very convenient, fast and secure way of making and receiving payments for goods and services.

Apple pay has over 400 million users all over the world, and Venmo has an estimated 50 million users in the United States.

Now people who own accounts with the two online payment platforms usually ask questions on how to transfer money from one payment platform to the other.

And in today’s post I will be giving answers to the question “is it possible to transfer money from my Venmo account to my Apple pay?” If yes “how do I go about doing that?”. Just keep reading to get the answers to your questions.

What is Venmo?

Venmo is one of the most popular payment platforms in the US. It is owned by the global payment platform PayPal. 

This payment platform can be used to settle bills and pay for goods and services. But it only works in the US.

What Is Apple Pay?

Apple pay is an mobile payment service created by Apple Inc on the 20th of October, 2014. This payment service is only supported on Apple devices such as iPhone, Mac, iPad, and Apple watches. Apple pay only allow iPhone users to make payment in person, on the web Safari and on iOS apps.

This service is only compatible with only iPhone 6 and newer. It can be used to pay for goods and services at any merchant that accepts online payments.

Can You Transfer Money From Venmo To Apple Pay?

Yes, it is possible to send money from Venmo to Apple pay, but the process isn’t that easy, because you cannot transfer the money directly from your Venmo to Apple pay.

Why Can’t I Transfer Money Directly From My Venmo Account To My Apple Pay?

Venmo would not allow a user to add his Apple pay account and a bank on their platform and vice versa because both platforms are competing against each other.

This competition isn’t a friendly one, so the only way to transfer money from one platform to the other is to use a traditional bank.

Now you know why direct transfer from Venmo to Apple pay is impossible.

How To Transfer Money From Venmo To Apple Pay

If you want to transfer money from Venmo to Apple pay, it has to be done indirectly.

All you need to do is to have a traditional bank that will act as the mediator between both platforms.

To add a traditional bank account to your Venmo and Apple pay platforms follow the steps below:

  1. Open your Venmo account.
  2. Go to the “Me” tab by tapping your picture.
  3. Go to the top right  and tap on settings the  “Payment Methods”
  4. Tap “Add a bank or card…” and then select “Bank”.
  5. Select your preferred verification method.

Please note: not all banks support Apple pay, so you have to find out if your bank supports Apple pay before going through this procedure, or else it won’t work

Once you’ve successfully added your bank to your Venmo and Apple pay. Whenever you want to transfer money from one platform to another all you need to do is:

  • Transfer the money from your Venmo account to the traditional bank.
  • Then transfer it from the traditional bank to you Apple pay.

Difference Between Venmo And Apple Pay

The two platforms allow it’s users to send and receive payments for goods and services.

But there are few differences between the two platforms. 

1. Venmo is more accessible to the public than Apple pay: Venmo payment platform can be used on Android and iOS respectively and also on the web. Meanwhile Apple pay is only available on iOS devices. This makes Venmo more accessible because not everyone owns an iOS device.

2.  Apple pay has an iMessage feature allows users to send and receive money, without having to log into the Apple pay app. Venmo hasn’t created such feature yet.

Conclusion: Can You Transfer Money From Venmo To Apple Pay?

At this point we have come to the summary of this article about how you can transfer money from Venmo to Apple Pay. All you have to do is follow the above listed step by step guide to successfully transfer money form your Venmo to your PayPal.