The first money transfer app was known back in 1872 and it is the highly known MoneyGram and was first used as telegram to send and receive money online. And since then till now(more than 150years later), there are now more than 1000 Different money transfer apps and or methods in the world.
But amongst all these money transfer apps, there are some that are considered to be amongst the best and others are not. Some of the best money transfer apps are Venmo, Paypal, Cash App, Zelle, and just to name a few. You can learn from our article and get the best money transfer apps in the world right now.
But money transfer apps like Venmo and Apple Pay are changing the way people exchange money and pay for goods and services. With their convenient and user-friendly interfaces, it is easier than ever to send and receive payments online.
Well, In this article, we will explore what Venmo and Apple Pay are, their safety measures, and how to transfer money from one platform to the other. Keep on reading and learn more about this procedure for your daily transfers.
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How to Quickly Send Money from Venmo to Apple Pay 2023
What is Venmo?
Venmo is an online payment platform owned by PayPal that allows users to transfer money to others. It has become a popular payment method for peer-to-peer payments as well as for online purchases.
Venmo works both on Smartphone and on PC with a mobile application, and a web application or website respectively that enables users to pay or receive money with ease. Venmo has advanced security features like TouchID and SMS confirmation which ensure the safe transfer of funds.
What is Apple Pay?
Apple Pay is a payment platform developed by Apple Inc. and is currently the most popular mobile payment system in shops and online. Apple Pay uses the Near Field Communication (NFC) and one-touch technology to make purchases and money transfers in-store, within apps, and on the web.
Apple Pay also uses advanced security measures to keep your money safe, including a special code that’s generated with each payment. All your payments are kept private, including all your login credentials to avoid online scammers and thieves.
Is it safe to send money from Venmo to Apple Pay?
Yes, it is safe to send money from Venmo to Apple Pay. Both platforms use advanced security measures to keep your money and personal information safe, so you can feel secure when sending funds from one platform to the other.
Additionally, when you send funds from Venmo to Apple Pay, the transfer is facilitated through a secure PayPal system(and we all know Paypal to be the most secured online platform).
How to transfer money from Venmo to Apple Pay
To transfer money from Venmo to Apple Pay, the first thing you have to do is to link your Venmo and Apple Pay accounts.
To do this, follow the steps below;
1. Opening the Apple Wallet app on your phone
2. Then add your Venmo debit card.
Once linked, you can then initiate a payment using the Venmo debit card within the Apple Wallet app.
To initiate a payment, you just have to go to the Venmo app and go to send money, where you will have to fill in the informations as requested, and then choosing your apple Pay you linked, so that the cash can be sent there.
Conclusion on How to Send Money from Venmo to Apple Pay
Venmo and Apple Pay offer safe and convenient ways to transfer money and make online purchases.
While you can use either platform to send and receive money, it is also possible to transfer money from Venmo to Apple Pay by linking your Venmo debit card to the Apple Wallet app.
Whether you’re looking to pay for goods and services or send funds to friends and family, both platforms have the security measures and convenience to make the transfer process easy and safe.
Some Frequently Asked Questions(FAQs) on sending money to Apple pay from Venmo
How long does a Complete Transfer take?
A complete transfer will take the time you have decided that it takes. This is because there are two types of transfer methods; the standard transfer which will take about 3 to 5 days to be completed, and then the instant transfer method which will take about 30minutes so that it will be done. So, it will all depend on you and how long you want your transfer to last. But you have to know that the instant transfer comes with charges which is usually about 2–3 percent of your transfer money.
Which is more Secured?
Which is more Secured? Venmo or Apple Pay? Well, Venmo is a platform from Paypal, and as we have always said in all of our Paypal articles, Paypal is the most secured online P2P transfer app. And since Venmo is under Paypal, then it will obviously mean Venmo is also very much secured. This logic puts Venmo ahead of Apple pay in terms of security. But this does not mean Apple pay is not secured, since Apple pay has also applied measures to keep their users safe from online bandits.
What is the Transfer Limit for Venmo?
What is the Transfer Limit for Venmo? If you have not yet completed identity verification, you can send up to $999.99 to your bank per week (depending on security checks at Venmo). But, if you've confirmed your identity, you can transfer up to $19,999.99 to your bank per week. There's a $5,000 per transfer limit per transaction on Venmo.
What is the Transfer Limit for Apple Pay?
What is the Transfer Limit for Apple Pay? Apple pay allows you to send up to $10,000 per transfer and even up to $20,000 within a seven-day period from Apple Cash to your bank account. Transfers from Apple Pay are only done to other banks in the United States.