What is Venmo and how does it work?

Venmo is a social payment service to make and share payments with friends, family, and businesses in the United States. It’s like PayPal, but is unique in that, on Venmo, you can share and like payments through a social feed.

Use Venmo to:

• Send and receive payments with your email or phone number by using your US bank, debit/credit card, or Venmo balance as the payment method
• Open a Teen Account for your teens
• Transfer money to and from your bank account
• Make purchases with your Venmo Debit Card or Venmo Credit Card
• Pay using QR codes in-store or on authorized partner apps or mobile websites

PayPal merchants will have an expanded consumer audience in the US as customers can now use their Venmo accounts to make purchases during a mobile PayPal checkout. Merchants’ fees and protections will remain consistent with their PayPal payments, and you don’t have to do anything to complete this integration.

How do I send money between Venmo and PayPal?

At this time, it’s not possible to link your Venmo and PayPal accounts. However, over the coming months, Venmo users and PayPal users will gain the ability to pay each other across platforms. This option will become available in the U.S. first, with additional global markets to follow. On Venmo, you’ll be able to search for eligible PayPal users by their phone number, and you’ll appear in PayPal results too. See more information here.