Published on May 20th, 2019 | by Chuck18
Paypal to Allow Sending Money to Venmo Accounts beginning in July
Paypal sent out a Policy Update email with a few small updates. One that I found a bit interesting is this:
We’re updating our User Agreement in anticipation of expanding our capabilities for PayPal Payouts. PayPal Payouts is being enhanced to allow payments to be directed to Venmo account holders in addition to PayPal account holders.
My read is that it’ll be possible to send money from a Paypal account to someone else who does not have a Paypal account but has a Venmo account. That sounds like a useful feature. I assume the way it’ll work is you’ll send money to the email address associated with the Venmo account, and Paypal will prompt them to accept the funds in their Venmo account.
The change will go into effect on July 9, 2019.