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Venmo

Started by Shannon P.
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Shannon P.

Are Venmo and PayPal the same thing or are they seperate. If they aren't is there a way to link my venmo account to my PayPal ?

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Hoi W.

Venmo is a Paypal company. Not sure if you can link the accounts together.

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Sabrina C.

paypal has a lot more protections than venmo. venmo isnt fdic insured or whatever, so dont keep a lot of money in the acct.

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Yui M.

Thanks. Didn’t know that Venmo wasn’t insured. I will transfer my money elsewhere

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Katrina S.

I use Venmo only when specifically requested. My preferred is PayPal. If you are ever concerned, use gift cards or prepaid cards instead of linking directly to your bank.

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Katrina S.

Yes. Venmo is an app that you connect your bank to. Banks often often Zelle though.

Deleted user

I use Venmo only when specifically requested. My preferred is PayPal. If you are ever concerned, use gift cards or prepaid cards instead of linking directly to your bank.

When I have to provide a credit card and don't want to chance problems later I use the Amex Bluebird from Walmart. This is slightly different than the Bluebird offered by others.

It's a prepaid card that can be funded from your bank account or at Walmart and has no loading fees like Visa & Mastercard prepays do.

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Teresa R.

Weirdly, venmo doesn't work for me, can't verify my cell phone but PayPal works. I only use for friends who I need to transfer money to. I use bill pay through my bank for everything else

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Shannon P.

I prefer PayPal but I have both. I'm just curious as to why you can't link the two if they are partner companies.

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Nathan G.

I would do some research and stick with one, the more accounts you have the harder it is to keep track of them all.

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Shannon P.

I love PayPal. I have venom too and there is money in my account but I dont know how to use venmo.

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Robin B.

Good to know about Venmo not being FDIC. I took for granted all financial establishments would have insurance. I don't ever keep money in there, but have used it to pay contractors a few times. It's nice when you have to do it quickly and the other person is setup, but not my go to option.

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