Venmo is a peer-to-peer payment method officially owned by PayPal. So, where you can seamlessly send money from Venmo to PayPal, unfortunately, you cannot use your Venmo on eBay directly due to certain limitations for making a purchase. To give you all the clarity on this cloudy procedure, we will walk you through whether or not can you use Venmo on eBay.
Can You Use Venmo on eBay?
Digital wallets are quite exemplary in terms of convenient payment options. Venmo, one of the mobile payment services allows you to send money and pay your friends in the most seamless manner. It is the most desirable alternative to paying with cash, transferring money using its user-friendly app, and also, borrowing money from Venmo in times of need!
Venmo is an online service owned by PayPal. Up until today, eBay does not support any of the money transfers authorized by the Venmo payment service. Before getting into any further details, let us clear the fact here that eBay does not ley pay with Venmo.
Instead, you can use your Venmo card to purchase at eBay. You will come across various sellers on eBay who accepts payment by Mastercard credit and debit cards.
It goes back to the time when eBay made several changes to its payment system. PayPal has been the significant financial processor of eBay but the collaboration came to an end after a certain amount of time.
As Venmo lies under the jurisdiction of PayPal, eBay closed the doors for Venmo being accepted as the payment there directly. However, it has devised other routes to assist you with the payment process using PayPal and PayPal credit on eBay.
If you are a PayPal cardholder, you can enter the payment option on Venmo for transferring money from the digital wallet to the PayPal debit card offers.
Another course of action you can settle on is using your conventional bank account or the debit payment card as a mediator between Venmo and eBay. It works along the lines where you can transfer your Venmo balance to a bank account that eBay can accept payment from.
You can make both online and in-store purchases using the Venmo debit card. Aforementioned, you just need to have a sight of the sellers up and running on eBay allowing you to make an online purchase through debit or credit card.
How to Make Online eBay Purchases?
If you are looking forward to making an online purchase on eBay using the Venmo payment platform, here is how you can do it.
- Go to the Venmo app on your smartphone.
- Next, click on the Profile Icon from the screen.
- Click on the You tab.
- Once done, kindly click on the option of Settings from here.
- Next, you need to choose the option of Buying.
- Lastly, click on the option of Enable Mobile Web Purchase or Connect Browsers.
- And voila! You can now use a Venmo debit card for online purchasing at eBay.
Payment Methods Accepted on eBay
eBay supports various other payment options at the checkout. If you have either of the below-mentioned options, you can enjoy an unforgettable shopping experience at eBay.
- PayPal Credit
- Gift Cards
- Credit Cards
- Debit Cards
- Apple Pay
- Google Pay
Adding Bank Account to Venmo to Pay on eBay
Now that you are well aware of how paying through Venmo on eBay works, we will walk you down the road of further details. You can use Venmo to pay on eBay, but please note that it comes with certain barriers and restrictions to keep under consideration.
If you are a PayPal cardholder, then there is nothing you should wait for. On the contrary, if you are not, you can always bridge your way by adding a bank account to Venmo on eBay. This will include transferring your balance from Venmo to a traditional bank account that eBay would accept.
To do so, please make sure that you are an account holder at the US-based financial institute as Venmo only operates in the United States at this time.
Here is how you can easily link your traditional bank account with Venmo to purchase on eBay.
- You need to install the Venmo app on your smartphone first to do so.
- Once done, kindly click on the three horizontal lines. Technically known as the hamburger icon at the top left corner of your screen.
- It displays a few options before you. From here, you will have to choose the option of Settings.
- It leads you to the page where you can select the Payment Methods.
- From here, kindly click on the option of Add a bank or card. Once done, click on the Bank option since you have to add your bank account to Venmo.
- Lastly, choose your preferred method of verification and that is it.
Add Money to Your Venmo Wallet
Since you are working around Venmo, it is important to know how you can transfer and add money to the Venmo wallet to make online purchases at eBay.
- Go to the Venmo app on your smartphone.
- Click on the hamburger icon from there located at the top left corner of your screen.
- Once done, click on the option of Manage Balance.
- Next, click on Transfer to Bank.
- Now enter the amount carefully that you want to transfer and select the transfer type i.e., Instant or Standard.
Have a look at all you chose before confirming. Once done, please click on the option of Transfer.
Please note that Instant transfers can cost you a little fee but the amount is readily available in the account. On the other hand, Standard transfers are free but can take up to 1-3 business days.
Before You Go!
To sum up, it is important for Venmo users to first transfer their Venmo closed-off network balance to the traditional bank account. Although Venmo international transfer is not an option, you can use the Venmo debit card linked to your bank account to purchase at eBay. Venmo has been in the long run for now and is supported as a payment option by several retailers and transfers to other apps like Cash app as well as stores, both online and in-store.
It is a cash-free way of sending and receiving money currently operating in different states. Even though it is not yet directly accepted as a payment option on eBay, it has successfully created a manageable alternative for Venmo users. Just use your debit card as there are various sellers on eBay who support payments via the Mastercard credit and debit cards.
Miriam Caldwell is a dedicated & expert freelance writer to educate people about personal finance management and budgeting. She shared her knowledge and published the articles at TheBalance.com, GOBankingRates, and BlissfullyDomestic.com. Many financial institutes pick Caldwell as the brilliant source for educational personal finance content.