Welcome to your guide on transferring funds from Venmo to GCash. If you’re searching for how to move money from Venmo to GCash, you’re in the right place. Even though Venmo is only for US transactions1, I’ll show you how to use PayPal to send your money worldwide. I’ll guide you through using PayPal, which works in over 200 countries and deals with 25 currencies, to make transferring your money easy and efficient1.
I found a way to move my money from PayPal to GCash without paying extra2. Getting access to my money in less than a day was a huge benefit for me2. This guide is for anyone in the Philippines, whether you’re a business owner, freelancer, or just need to handle overseas payments. It’s designed to help you take advantage of PayPal and GCash working together2.
Understanding the Venmo to GCash Transfer Process
Exploring the steps to transfer money from Venmo to GCash shows it’s easy. With 60 million users of GCash3, using PayPal as a middleman makes the process secure and fast3. First, connect your Venmo account to PayPal in the app settings. This step is crucial.
Knowing the costs is key when sending money from the USA to the Philippines. Fees vary: about 1% with WorldRemit3, around 1.5% with Remitly3, 1.3% with Skrill3, and 2-3% with Western Union3. MoneyGram charges 1-2% plus a $5 fee3. Picking the right service helps lower costs and increases the money the receiver gets.
- Connect Venmo to your verified PayPal account securely.
- Use the “Transfer to Bank” feature in Venmo, selecting PayPal as your bank.
- With zero withdrawal fees2, transfer your PayPal funds to GCash free of charge.
After linking PayPal with both Venmo and GCash, getting to your money is easy. You can move your PayPal money to GCash. Use it with a GCash MasterCard or at many ATMs and stores across the country, often the same day2.
| Service | Cost of Transfer | Maximum Transfer Limit |
|---|---|---|
| WorldRemit | ~1% | ₱100,000 |
| Remitly | ~1.5% | USD 2,999 (24hrs), USD 10,000 (30 days), USD 18,000 (180 days) |
| Skrill | 1.3% | $999.99 (ID verification required) |
| Western Union | ~2-3% | $1,500 per day |
| MoneyGram | ~1-2% + $5 fee | $10,000 every 30 days |
This table shows the different fees and limits for sending money from the USA to the Philippines. It helps in finding the best and cheapest way to send your money3.
To wrap up, moving money from Venmo to GCash is efficient. It fits well with the goal of making international transactions easy. With GCash’s high transfer limit3, no fees from PayPal2, and fast access to your funds, it’s a simple choice for MSMEs, freelancers, and everyday people.
Guide to Venmo to GCash: Initiating Your Transaction
Starting to move money from Venmo to GCash begins in the Venmo app. You’ll select the “Transfer to Bank” or “Add Bank or Card.” This step starts your money’s journey from Venmo, across borders, into the Philippines’ growing mobile economy. By adding the right PayPal details, you create a secure route for your cash. It uses PayPal’s system to make the transfer smooth and quick.
It’s key to know about the fees and limits for these transfers. Choosing GCash through partners like BPI or UnionBank is a smart move as they offer no cash-in fees4. But using BPI’s InstaPay means paying a PHP 25 fee4. These details are crucial for anyone moving money from Venmo to GCash. They affect how much money lands in your GCash wallet.
The limits on transactions are also critical. For the average person, BPI has a daily limit of PHP 50,000. For regular and preferred users, this limit can jump to PHP 500,0004. UnionBank starts newcomers with a PHP 10,000 daily limit. This can go up to PHP 100,000 a month, depending on how often you use GCash4. Meanwhile, InstaPay allows your limit to grow from PHP 20,000 to PHP 50,000 in just two weeks of using GCash4. Understanding these limits helps plan large or multiple transactions better.
Source Links
- https://wise.com/us/blog/venmo-international
- https://newsroom.apac.paypal-corp.com/paypal-and-gcash-collaborates-in-the-philippines-categoryId-company-news
- https://www.monito.com/en/wiki/send-gcash-from-usa-to-philippines
- https://www.remitfinder.com/blog/6-easy-ways-to-cash-in-into-your-gcash-account
