How to Transfer Money From Walmart Money Card to Venmo

Transferring money from Walmart Money Card to Venmo is quite simple. This article compiles the steps you need to make a successful transfer.
Ketcha Brandon
transfer money from Walmart Money card to Venmo

In case you are in search of a safe way to wide spread the use of your Walmart MoneyCard funds, then transferring money from Walmart MoneyCard to Venmo should be a great way for you to improve on the flexibility of your Walmart MoneyCard funds.

Walmart MoneyCard is a reloadable prepaid card that can be used to pay bills, buy goods and services and also to send money to others without any problem.

This card comes several benefits most especially for Walmart shoppers allowing them to obtain a cash back of 1% in Walmart locations, 2% in Walmart fuel stations and up to 3% when shopping via the Walmart app.

While Venmo, is a P2P payment service that helps its users to send and receive money within the United States in all convenience and safety.

Venmo features among the financial apps that offers financial aid to its customers. For those are already used to with Venmo, they know that eligible users can borrow money from Venmo. This is actually an amazing feature for Venmo users, since it helps them to maintain a healthy financial life.

Sending money via Venmo is quite easy and be done in simple steps. Since Venmo is accepted by many as a payment method, it makes it more popular and convenient way of paying than the Walmart MoneyCard.

Having knowledge on how to transfer money from Walmart MoneyCard to Venmo will help you easily make successful transactions and also send payments to some other Venmo users you know.

This article compiles the various steps involved in transferring money from Walmart MoneyCard to Venmo in a straight forward manner.

Table of Contents

What is the Walmart MoneyCard?

The Walmart MoneyCard is a reloadable prepaid debit card which you can use to make electronic purchases everywhere ,Visa or MasterCard debit cards are valid.

If you have a checking account, you will see that many of the features you find on your card are similar to those of your checking account. You can receive payments up to two days early by making use of your card for direct deposit.

If you want to keep track of your prepaid card, you can simply download the Walmart MoneyCard App to your Apple or Android smartphone.

ALSO READ: How to Load Your Walmart Money Card (Complete Guide)

How do you get a Walmart MoneyCard

A Walmart MoneyCard is quite easy to get. You can order a Walmart MoneyCard from their website and it will be delivered to you in two weeks.

In order to avoid having to wait for two weeks, you can buy a card immediately at any Walmart location near you. You must be at least 18 years of age and load funds onto the card before you can start making use of it.

You need a valid Social Security Number to open the account and both the mobile app and mobile or email verification are necessary when it comes to accessing all account features.

What is Venmo?

Venmo is an American mobile payment service established in the year 2009 and later on owned by PayPal in the year 2012.

Venmo was basically created for friends and family who desired to split costs of things such as movie tickets, dinner, rent and many other expenses.

Venmo account holders are able to send money to other individuals using a mobile phone app, but both the sender and receiver must be US citizens. In the year 2021, the business generated $850 million in revenue while managing $230 billion in transactions.

Venmo is actually a mobile payment service that provides a way for you to pay friends or relatives when you do not want to deal with cash. Via a mobile app, Venmo account holders can send money quickly and easily to other Venmo account holders.

Venmo users can pay for their online purchases or in person purchases with a Venmo debit card or new Venmo Credit Card.

CHECK ALSO: How To Get Money Back From Venmo If Scammed

Can You Transfer Money From Walmart MoneyCard to Venmo?

Yes you can transfer money from Walmart MoneyCard to Venmo.

Transferring money from Walmart MoneyCard to Venmo is great example of transferring money to an external account.

Per Walmart MoneyCard Support, you are able to perform external account funding transactions up to $1,500 per month and your Walmart MoneyCard can be used to add money to Venmo within the limit set for external account funding.

The basic step you have to take here is to link your Walmart MoneyCard to Venmo and transfer funds to your Venmo account.

ALSO READ: How to Transfer Money From Walmart Money Card to Cash App

How to Transfer Money From Walmart Money Card to Venmo

You can add numerous cards to Venmo, including prepaid cards and gift cards from Visa, MasterCard, American Express, and Discover.

The first thing you have to do is to add your Walmart Money Card to the Venmo app in order to transfer funds from it.

Below are the steps involved in adding a Walmart MoneyCard to Venmo:

  1. Open the Venmo app and tap the menu button (the three horizontal lines you find at the top left corner of your screen).
  2. Tap "Settings" and tap "Payments Methods" under "Preferences".
  3. Now, Tap the "Add bank or Card" link at the bottom of the payment Methods Menu.
  4. From the Menu that pops up, Tap "Card".
  5. Type your Walmart MoneyCard information, including card number, expiration date, security code and Zip code.
  6. Finally, Press "Add" to add your Walmart Money card to Venmo.

As soon as you have linked your Walmart MoneyCard to Venmo, you can transfer money from the Walmart MoneyCard  to Venmo which will be an external account funding from Walmart MoneyCard.

What Are the Fees For Using Venmo?

It might be a little surprising for you to hear that there are no monthly fees, setup costs, or costs associated with sending or receiving money using Venmo. Sure you might also be asking yourself how Venmo makes it money.

For a very long time, it did not. However, as more and more transactions take place between its users and businesses, Venmo charges the latter a small percentage of the sale, much like a credit card company does. Most of Venmo's income comes from this.

Even though this has not been figured out yet, there is also a lot of potential money to be made using the data Venmo gathers.

It is necessary you have in mind that there are some fees, but you can easily avoid them. like for example there is a 3% fee for using a linked credit card to send money and a 1% (maximum $10) fee for instantly transferring money between your bank account and your Venmo account. A normal transaction without any charges normally takes one to three business days.

How Does Venmo Works?

Before you can start using Venmo, you must first set up and verify your Venmo account, which you can do by downloading the Venmo app which is available for both iOS and Android devices.

Alongside the usual name, address, and contact information, you will be prompted to enter your bank account information.

To use Venmo, you must connect a bank account to your account.

Have in mind that Venmo can only be used with banks located in the United States and is ony available there. So if you or the bank you want to use is located out of the United States, there is no way.

As soon as you are registered, it is quick and simple to send money or request money from someone; Find the Pay or Request button on the home screen of the app ( you cannot pay or request money via the website); it will either say "Pay" or "Request" or look like a pencil and a square.

The amount, a short note, and as many people as you wish to pay to charge are then entered, along with a username, phone number, or email address.

Every Venmo user has a unique QR code that can be used to locate them, or it can be presented to a person or business to be scanned.

As soon as you are set to go on with the transaction, you have to tap "Request" or "Pay" depending on what you want to do with the information you have entered.

When you send someone money through Email, they will receive a confirmation email that they must click on so as to accept the payment.

In case you are requesting money, they will get an email asking for it, and you will get an email that says you have been paid.

If you try to make a payment but do not have enough funds, Venmo will automatically deduct the shortfall from your linked bank account.

ALSO READ: Can Someone Else Put Money On My Walmart Money Card?

Is Venmo Safe For Use?

Of course you know that your bank account and/or credit card accounts are linked to your Venmo account for it to functions normally.

This makes its possible for you to send and receive money from friends, family members and some other app users.

Venmo platform processes transactions between users who are sending and receiving money using an Application Programming Interface (API).

It is even stated by the company that to protect its users personal and financial data, Venmo employs encryption protocols.

The company once referred to its security measures as "bank-grade", but that language has long been taken down from the website.

Venmo says that user information is kept on servers in safe places.

So Venmo is secure and safe for use even though it is not perfect.

In case you have not yet enable multifactor authenticator and someone were to obtain your PIN or account login information, they might be able to use the app to fraudulently withdraw money from your bank account.

Final Thoughts on How to Transfer Money From Walmart Money Card to Venmo

Walmart MoneyCard is a reloadable prepaid card that can be used to pay bills, buy goods and services and also to send money to others without any problem.

While Venmo, is a P2P payment service that helps its users to send and receive money within the United States in all convenience and safety.

You can transfer money from Walmart MoneyCard to Venmo. Above in this article, I have outlined the various steps involved in making a successful transfer.

Frequently Asked Questions

Can I add a Walmart MoneyCard to Venmo?

Yes, Venmo accepts most prepaid cards, as long as they're from Visa, American Express, Mastercard, or Discover — and registered in your name.

Can I transfer money from my Walmart card to another card?

Yes you can transfer money from one Walmart Money Card to another once you follow the right procedure.

Can I link my Walmart MoneyCard to PayPal?

Yes you can link your Walmart Money Card to PayPal since both are compatible. This makes it easy for you to transfer money from Walmart Money Card to PayPal.

Where can I use Walmart MoneyCard?

You can use your Walmart MoneyCard to make purchases everywhere Visa® Debit & Debit MasterCard® are accepted in the U.S.

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About the Author

Ketcha Brandon
I am Ketcha Brandon, An article writer, content creator, Video producer, Financial Consultant and a certified Google Publisher. I write content for Our website provide information on topics such as bank accounts, Money transfers,…

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