Using Apple Pay with Venmo (Complete 2022 Guide)

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Apple Pay and Venmo are two of the most popular mobile payment platforms available. Both offer a quick, convenient, and secure way to pay for goods and services online or in person. 

You might be wondering if you can use these two apps together. When it comes to using Apple Pay with Venmo, there are a few things you need to know. 

This blog post covers all the basics of using Apple Pay with Venmo and how it can benefit you and your business. 


In This Post:


Can Apple Pay Send Money to Venmo?

There is currently no DIRECT way to use Apple Pay to send money via Venmo. However, there are a few indirect ways you can accomplish this goal.

  • The first way is to use a traditional bank linked with Apple Pay and Venmo. Then, just transfer the money directly from your traditional bank to your Venmo account. There is usually a limit of around $2,500 you can transfer per week from a traditional bank to a Venmo account.
  • The second way is to use a traditional bank linked with both Apple Pay and Venmo and a debit card linked with Venmo. Then, transfer the money from your traditional bank to your Venmo account and withdraw it via ATMs or transfer it to your debit card.

Can Venmo Send Money to Apple Pay?

Venmo is a popular payment app that allows users to send and receive money from one another. But can Venmo actually send money to Apple Pay?

Venmo can send money to Apple Pay. However, the process is more complicated than just sending money to a regular bank account.

When you send money from Venmo to Apple Pay, the money is transferred to your PayPal account. From there, you can use your PayPal account to make payments with Apple Pay.

What’s the Difference Between Apple Pay and Venmo?

Apple Pay and Venmo are both payment platforms that allow users to send and receive money. However, there are a few key differences between the two services.

  • Venmo has a wider reach than Apple Pay Cash. Venmo is available on Android and iOS devices and on the web. In contrast, Apple Pay Cash is only available on iOS devices. This may be a downside for Apple Pay Cash, as it could lose out to Venmo’s larger user base.
  • Apple Pay Cash also has the advantage of being integrated with iMessage. This allows users to send and receive money from within iMessage conversations easily. Venmo, on the other hand, does not have any such integrations.
  • Venmo might allow you to send money from a bank account, Venmo balance, or linked debit card. Apple Pay Cash only enables users to send money from an Apple Pay Cash balance, bank account (if you live in the United States), or debit card.
  • Apple cash allows you to switch between different payment options easily. For example, you can easily switch to a debit card or Apple Cash balance. Venmo, on the other hand, requires that you go through multiple steps to switch payment options. This could be a downside for Venmo, as it requires users to expend more effort to make transactions.

How Can I Transfer Money from Venmo to Apple Pay?

To transfer money from Venmo to Apple Pay, you’ll need to add your debit card to Apple Pay. You can then use the Instant Transfer feature to send money from Venmo to Apple Pay.

The Instant Transfer feature allows users to quickly and easily send money from Venmo to a bank account. To use the feature, users connect their Venmo balance to their bank account or debit card on file with Venmo. The money will be transferred within one business day.

You can also add the same debit card to Venmo to make the process of transferring money to Apple Pay even faster. To achieve this:

  • Open the Venmo app on your iPhone
  • Tap the Menu button at the top (the 3 horizontal lines)
  • Under Settings, tap Payment Methods
  • Tap Add Bank or Card, then tap Card
  • Add the bank’s debit card by entering card details manually.
  • Once the Card has been added, try to transfer $1 as a test by using the Instant Transfer option.

Can I Add Venmo Card to Apple Pay?

No. Apple Pay only allows users to add their debit cards or bank accounts with Instant Transfer. You can’t add Venmo balance to Apple Pay, nor can you use Venmo’s Instant Transfer feature to send money directly from your Venmo balance.

How Can I Add Venmo Card to Apple Pay?

If you would like to add your Venmo Credit Card to Apple Pay, you, unfortunately, cannot. Venmo and Apple are direct competitors and, as a result, do not have an agreement in place for users to add their Venmo Credit Cards to Apple Pay. If you have any questions, please reach out to Venmo directly.

Is Apple Pay Safer than Venmo?

Venmo is more secure than Apple Pay, at least in some aspects. With Venmo, you have to enter your debit card information, which makes it more difficult for strangers to access your account using phishing scams or other data harvesting methods. 

The app also sends a push notification whenever you send or receive money, so it’s easy to keep track of your transactions.

Apple Pay is just as secure as Venmo since you don’t have to enter any sensitive information into the app. It keeps all your payment details on your iOS device, making it even harder for cybercriminals to get your information.

The Touch ID feature in iPhone 5s also makes it harder for hackers to break into the app since they would need an access code and your fingerprint to make any purchases with Apple Pay.

Is Apple Pay Faster Than Venmo?

There are a lot of different ways to send and receive money, but which one is the fastest? Let’s take a look at Apple Pay and Venmo and see which one comes out on top.

Apple Pay is a payment system that allows you to make payments with your iPhone or Apple Watch.

All you need to do is add your credit or debit card information to your account, and then you can start making payments. Venmo, on the other hand, is a payment app that lets you pay your friends for anything, whether it’s rent, utilities, or just a night out.

So, which one is faster? Well, Apple Pay is faster than Venmo. With Venmo, you have to enter your debit card information and wait to be verified, which can take several days if your bank isn’t supported. 

Once approved, you have to add a payment method (either a credit or debit card) and confirm it. When you send a payment with Venmo, the money is only transferred from your account after the other user confirms the payment.

With Apple Pay, you just have to add your credit or debit card to the Passbook app and verify it with Touch ID, and then you can start making payments instantly. 

You don’t need a special account or card for Apple Pay either, so there’s no wait time for verification. The money from your checking account will be transferred to the merchant instantly.


Wrapping Up

At the end of the day, both apps do more or less the same thing, and each has its own strengths and weaknesses. Apple Pay is more secure, but Venmo provides a more user-friendly interface.

Suppose you want to be able to make quick payments without having to worry about security, especially if you’re just transferring money between friends and roommates. In that case, Apple Pay is probably your best bet.

References

  1. Retirepedia
  2. Gearbrain 
  3. Magnifymoney 

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