Venmo and PayPal — two of the most popular apps for digitally sending money to friends, family, or businesses — have never been natively compatible. But according to Venmo, this is going to change in November.
“Venmo users and PayPal users will be able to pay each other in the U.S. and worldwide,” Venmo wrote in an email to customers. “That means that PayPal users will be able to find and pay you using your phone number, and later using your email address.”
For years, customers have been using convoluted workarounds to transfer money between the two services. This has long been a pain point for users, especially since Venmo is owned by PayPal, leading users to assume that this kind of feature would already exist — but perhaps integrating the two services would discourage users from making accounts on both Venmo and PayPal, disincentivizing the company to enable this feature sooner.
This change means that PayPal users will now be able to find Venmo users by inputting their phone numbers, and later, their email addresses. If you don’t want PayPal users to be able to find you, you can update your settings in the Venmo app by navigating to Settings > Privacy > Find me… and while you’re at it, you might as well default your Venmo transactions to private via Settings > Privacy. You’ll thank me in the long run.
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