How To Add Vanilla Gift Card To Venmo (Step-By-Step Guide)

Venmo is a PayPal-owned American mobile payment service aimed at helping users split their bills.

To use Venmo, you need to add a payment method for deposits. Of course, there are several options to choose from, but most people prefer using gift cards due to their ease of funding.

This article will explore how to add a Vanilla gift card to your Venmo account. Many people find this process particularly challenging, so I will help you break down the whole procedure so you no longer have issues with it.

However, there are specific requirements that you must satisfy before you can add a Vanilla gift card to your Venmo account.

These requirements include:

A Venmo account that carries your legal name. Also, you must have completed the KYC procedure on your Venmo account.
A Vanilla Visa gift card registered in your legal name. You cannot use a gift card registered in someone else’s name.
A sufficient balance. You need to confirm that your gift card balance is enough before adding it to your Venmo account.

Adding a Vanilla Gift Card to your Venmo Account

To add a Vanilla gift card to your Venmo account:

Step 1: Launch the Venmo mobile app on your device.

Step 2: Sign in to your Venmo account and click on the three horizontal lines on the top left corner of the screen.

Step 3: Proceed to “Settings > Payment Methods”.

Step 4: Next, select “Add bank or card” and select “Card”.

Step 5: Enter your Vanilla Visa card number, expiration date, and CVV code to continue.

Step 6: Finally, click “Add”.

And that’s it! You have successfully added your Vanilla gift card to your Venmo account. However, there is one more thing to do – you need to convert your gift card’s balance to your Venmo account balance.

Converting your gift card balance to your Venmo account balance has to do with transferring funds between both accounts.

Transferring Vanilla Gift Card Balance To Venmo Account

To transfer your Vanilla gift Vanilla balance to your Venmo account:

Step 1: Launch the Venmo app and sign in to your account.

Step 2: Click “You” in the app.

Step 3: Select “Manage Balance”.

Step 4: Next, select “Add money”.

Step 5: Choose the Vanilla gift card from which you want to transfer money.

Step 6: Enter the amount you wish to transfer to your Venmo balance.

Step 7: Then select “Add Now”.

The funds will be immediately added to your Venmo account, allowing you to use your balance to send funds to other Venmo users in the United States.

Fee and Limit of Adding Vanilla Gift Card to Venmo

No matter the payment method you decide to use to add funds to your Venmo account, you will be charged a fee to complete the transaction.

To transfer funds from your Vanilla Visa gift card or credit/debit card, you will be charged a 3% fee of your total transaction. Therefore, if you are sending $100, Venmo will deduct $3 as a charge.

Although Vanilla gift cards are classified as gift cards, they are also identified as prepaid cards because they can be reloaded once their balances are exhausted.

This fee also applies to using prepaid cards like Vanilla gift cards.

Regards the transaction limit, there is currently no limit to how much funds you can transfer from your gift card to your Venmo account balance. However, some Vanilla gift cards may have daily, weekly, or monthly transfer limits.

Therefore, consider it essential to go through the terms and conditions of use for any Vanilla gift card to know if any limits apply to it.

Benefits of Adding Vanilla Gift Card to Venmo

There are several reasons why you might want to consider adding your Vanilla gift card to your Venmo account. Here are a few reasons you should do so:

Flexibility

You can get flexible with transactions by adding a Vanilla gift card to your Venmo. You could use the funds on the card to send funds to others, make payments for products and services, or even withdraw cash.

In addition, you can use the Venmo funds transferred from your Vanilla gift card to buy Bitcoin on Venmo.

Security

Another reason why you should add your Vanilla gift card to your Venmo account is for security. Venmo adopts several security features to protect your personal financial information.

This helps prevent identity theft that could result in loss of funds.

FAQs

Can I add my Vanilla gift card to my Venmo account?

Absolutely! You can always add your Vanilla gift card to your Venmo account at any time you wish. However, it would be best if you still transferred your gift card balance after adding it to your Venmo account.

And yes, you should be ready to pay the transfer fee.

Why is Venmo not accepting my Vanilla gift card?

Venmo not accepting your Vanilla gift card happens rarely. The most common reason why this may happen is if your Vanilla card was not registered in your name.

Another possible reason for this is if the issuer has already declined the card. For instance, the card may have been blocked for some reason or the other.

To resolve this, you may need to reach out to Vanilla Support.

How do I transfer my Vanilla gift card to my bank account on Venmo?

If you want, you can transfer the funds on your Vanilla gift card to your bank account. However, you must withdraw your money from Venmo to transfer the funds from your Venmo balance to your bank account.

To do this:

Proceed to the “You” tab and select “Manage Balance”.
Then select “Withdraw” and enter your bank account details.
Input the amount you’d like to withdraw and choose “Withdraw Now”.

Before You Go

As you can see, adding your Vanilla gift card to your Venmo account is an easy process. Using your gift card comes with so much convenience and flexibility.

But keep in mind the fees and limits associated with transferring your Vanilla gift card to your Venmo account.

This way, you can be prepared for whatever fee the transaction will cost you. Also, you must ensure that your personal and financial information is kept safe while you use the Venmo platform.