Apple Pay is one of the most popular services for making payments across the World. Also, it allows you to send and receive money in iMessage, which adds more power to it. Akin to Venmo, Apple Pay is a Wallet where you can manage your cards, boarding passes, and more all in one place.
However, unlike Venmo, it is limited to only iPhone users, as Android users have no access to Apple services. Besides, users who live in Asia, Africa, or Europe may not access its other services like Apple Card or Cash.
So using Apple Pay with Venmo is not something everybody would want to know, except some geeky U.S folks.
What is Apple Pay and Venmo?
If you already know about those tech giants, you can better skip to the main content. Apple Pay, Apple’s fintech service, has amassed more than 510 million users since 2022. It is widely used for app purchases, online stores, and in-stores. It supports cross-device, meaning you can use it on your Apple Watch, iPad, or iMac.
All you need to do is add your debit or credit card, and you can make payments at the tap of a button.
Apple Cash is where you can send and request funds from your friends and family with the iMessage app. The money you’ll receive in the iMessage app will appear on your Apple Cash. It also offers a Mastercard credit card with many perks and robust security.
Venmo, on the other hand, has a wider presence than Apple Pay. It garners over 83 million users in the United States, making it one of the best money transfer apps. Most of its pie comes from money transfer service, which costs no fees for using the bank account and debit card. Users only pay a 3% fee when using a credit card to send money.
You can make payments at your favorite retailers using a QR code with the app. Also, you can spend cash with its Mastercard debit card and earn cashback and rewards. Since Venmo is PayPal’s subsidiary, it is safer, and Plaid also protects your bank accounts.
Can you use Apple Pay with Venmo?
Yes, but we’ve to take a different route, as there is no direct way. Venmo allows users to add bank accounts, debit, prepaid, and credit cards, but there is no option to link other’s services except your funding sources. First, we’ll have to apply for an Apple Card and add that card details to Venmo to make a payment.
Is there any other way around it? The answer is No. The card details that you’re using in Apple Pay, if used with Venmo, are no different. The idea of using Apple funds with Venmo is to make payments or send money. However, if you add the same card to both services, you may not be able to pull your Apple funds while making a purchase or sending money to someone.
We don’t want to leave you cold, but we also don’t want to crosstalk here. So, if you have an Apple Card, you can continue with this article.
How to add Apple Card with Venmo?
If you’ve already applied for an Apple card and luckily got approved, you can finally integrate that card to Venmo. Here’s how.
- Open the app.
- Tap the Hamburger icon.
- In the settings, tap Payment Method.
- In the Payment Method, click on the ‘Add bank or Card’ button.
- Now select a Credit card and enter your card details.
- After entering all the accurate details, hit “Add.”
After integrating your Venmo card, you can send and receive money between your family or friends. However, if you receive cash on Venmo, the amount will show up in your Venmo account. You can withdraw that amount anytime to your preferred funding source.
Transfer cash from Venmo to Apple Pay
You’ve everything set up perfectly. Now it’s time to know how to transfer funds from Venmo to Apple Wallet or Card.
- Launch the Venmo app.
- Tap the three-line icon located in the top left.
- Now, click on the “Manage Balance” option under your user profile.
- From the popped-up options, choose Transfer to Bank”.
- Enter the amount, say $5. and choose the Instant Transfer option. (if you choose 1-3 days, you need to have a bank account with a routing number.)
- Now, click on Transfer to (Skip if you have already added your preferred payment method.) and add your new card details.
- Now click on the green button at the bottom of the screen to go through the payment.
- The total amount you’ll receive is $4.5.
As we know, Using a credit card levies a 3% processing fee, which is $0.25 for $5. It has a $0.25 minimum and $10 maximum fee. Since you’re using an Instant transfer, you may have to pay a 1.5% extra fee plus 3%.
Should you use Apple Pay with Venmo?
There is no direct answer to this. Many users who have a credit card will have to pay a fee no matter which platform they use. As far as the fee is concerned, both platforms waive 3% fees for using a credit card. And we know there is no other option except a credit card if you want to use Apple Pay with Venmo.
We don’t recommend using a credit card at all, as you’ll be paying more in fees than other funding sources. There is no fee when using a bank account or a debit card. However, if fees do not bother you, then go for it.
Limitations to using Apple Pay with Venmo?
There are no such restrictions. As you pay with any other credit card, you have to pay with Apple Card too. However, you can transfer a certain amount of cash from person to person or a debit/credit card. For example, a rolling limit of $4,999 per month
for P2P transactions. Anyway, there is no restriction on how much funds you can receive.
The only caveat is that getting an Apple Card is a one-time hustle. Not everyone can apply for it. Only users living in the U.S. with decent jobs or good financial conditions may apply for the card and have a high chance of getting approved.
Additional FAQs
How to send money from Venmo to Apple pay via debit card or bank account?
Apple Pay is not a bank, nor does it offer any kind of debit card, so it’s impossible to send money via debit card. If it brings a debit card option in the future, you can easily use it with Venmo to send cash. So far, there is only a credit card option, which is not applicable to most Apple users.
Can you transfer money from Apple Pay to Venmo?
Yes, you require a Venmo Mastercard debit card and a few turnarounds. Just integrate that card into Apple Wallet, and whenever someone transfers cash in the iMessage app, you will receive the cash in Apple Cash. Now you can withdraw that fund from your Apple cash to the Venmo balance.
Another way to do that is via your Apple Credit card. Simply add that card to Venmo and deposit funds via your Apple credit card balance. This process may charge fees, so we suggest following the first method.
How to use Apple Pay with Venmo to pay online?
You can make payments at your favorite stores or apps if you’ve successfully integrated your Apple Card with Venmo. Before making a payment, ensure you have sufficient money in your Apple Cash to cover the transaction cost. You don’t need to reload your Venmo balance to make a payment.
- Go to your favorite store on Chrome.
- Choose the item you want to buy and add it to the cart.
- At the checkout page, click on the Paypal icon.
- Now Select the option “Pay with Venmo”.
- Go through the checkout process, and you’re done.
(You must add your address to the online store and set up your Venmo app with Google Chrome). Also, The retailer’s website or app must accept Paypal in order to pay through the Venmo app.
Wrapping Up
This is a wholesome article on how to use Apple Pay with Venmo. We’ve stacked up all the main facets of both platforms that you may need to finish the job. However, you will not find any shortcuts or tricks in this article, which might cause other readers to leave the website. But if you do not skim any paragraph and read through everything, this article would be very helpful.
