M-PESA PayPal: How To Withdraw To Mpesa, Charges, Benefits, Link to Mpesa, Paybill Number and More
Are you an online entrepreneur, freelancer, or someone who frequently engages in online transactions? If so, you're likely familiar with both PayPal and M-PESA. But did you know that these two giants in the payment industry have joined forces to make your financial life even more convenient? In this comprehensive guide, we'll dive deep into the world of M-PESA PayPal integration, teaching you how to withdraw funds to M-PESA, exploring the associated charges and benefits, providing step-by-step instructions on linking your accounts, and sharing valuable insights to help you make the most out of this seamless financial collaboration.
Key Takeaways from this Guide
- The M-PESA PayPal integration facilitates seamless money transfers between PayPal and M-PESA accounts for eligible users.
- To withdraw funds from PayPal to M-PESA, log in to your PayPal account, specify the withdrawal amount in USD, and confirm the transaction.
- Topping up your PayPal balance using M-PESA involves calculating the equivalent amount in KES, accessing your M-PESA menu, and initiating the transaction.
- Linking your PayPal and M-PESA accounts is essential for enjoying the benefits of the integration.
- Common issues include failed linkage, withdrawal errors, limited access, and delayed withdrawals.
- Be aware of withdrawal limits, charges, and top-up fees associated with the M-PESA PayPal service.
Integrating M-PESA and PayPal is a groundbreaking partnership that empowers users to move funds between these platforms seamlessly. You're in luck if you're a Kenyan with an eligible PayPal and M-PESA account! This service, facilitated by TransferTo in collaboration with Safaricom and PayPal, provides a simple and secure method to transfer money and enhance your online financial activities.
Linking PayPal with M-PESA
The key to enjoying the benefits of M-PESA PayPal integration is linking your PayPal and M-PESA accounts. Follow these steps to establish the connection:
- Visit the official PayPal Mobile Money Service website.
- Log into your PayPal account or create a new one if you haven't already.
- Accept the terms and conditions for using the service.
- Provide your M-PESA registered phone number for verification.
- Enter the verification code sent to your mobile number.
- Your PayPal account is now linked to your M-PESA account, enabling seamless transfers and transactions.
How to Withdraw Money from PayPal to M-PESA
If you're eager to withdraw funds from your PayPal account to your M-PESA account, follow these straightforward steps:
- Log into your PayPal account and navigate to the withdrawal section.
- Review your available balance in USD, as you can only withdraw an amount up to this balance. For non-USD balances, convert the amount to USD on the PayPal website.
- Enter the desired withdrawal amount in USD.
- You'll be directed to a page displaying the equivalent amount in Kenyan Shillings (KES), the exchange rate used for conversion, and the estimated processing time.
- Confirm the withdrawal request to proceed.
- Once confirmed, the processing time for the transaction can range from 2 hours to 3 calendar days, depending on the transaction value.
Top Up Your PayPal Account Using M-PESA Balance.
On the other hand, if you're looking to top up your PayPal account using your M-PESA balance, follow these steps:
- Log into your PayPal account and access the top-up section.
- Input the desired top-up amount in USD.
- Calculate the equivalent amount in KES using the provided exchange rate.
- Access your M-PESA menu and select "Lipa na M-PESA," followed by the "Pay Bill" option.
- Enter the business number "800088" and use your phone number as the account number.
- Enter your M-PESA PIN and confirm the transaction.
- Your PayPal account will be topped up instantly, enabling you to shop online and make secure payments easily.
Common Issues and Solutions
While the M-PESA PayPal integration is designed for convenience, some issues might arise. Here are common problems and their solutions:
- Failed Linkage: If linking fails, ensure that the names on your PayPal account match those on your M-PESA account. Consistency is key!
- Withdrawal Errors: Some users encounter withdrawal errors due to missing decimal points. If this occurs, manually add the decimal point to the withdrawal amount.
- Limited Access: PayPal might limit your account due to disputes or identity verification issues. Address these concerns in the Resolution Center on your PayPal account.
- Delayed Withdrawals: PayPal occasionally reviews transactions for fraud prevention, leading to 1-2 days of withdrawal delay. If your transaction remains under review after two business days, contact PayPal support.
Withdrawal Limits and Charges
Here's what you need to know about withdrawal limits and charges when using the M-PESA PayPal service:
- There is no minimum withdrawal amount, but the maximum withdrawal is KES 70,000 per transaction and KES 140,000 per day.
- The withdrawal process usually takes around 2 hours but can sometimes extend to 3 business days.
- Withdrawals are subject to a 3% fee based on the USD to KES conversion rate.
Top Up Charges
For topping up your PayPal account using your M-PESA balance, keep these charges in mind:
- Top-ups attract a 4% fee based on the transaction amount in USD.
- Additional MPESA transaction charges may apply, depending on the amount and transaction type.
In case of any queries or more information:
- Call 100 or 200.
- Call: +254 722 002100 for prepaid customers and +254 722 002200 for post-pay customers (Chargeable)
- Twitter: @Safaricom_Care and @SafaricomPLC
- Facebook: @SafaricomPLC
- Visit any Safaricom shop.
The M-PESA PayPal integration brings a new level of convenience to Kenyan online financial activities. Whether withdrawing funds from PayPal to M-PESA or topping up your PayPal balance using M-PESA, this partnership simplifies cross-platform transactions and enhances your ability to shop online securely. By following the steps in this guide and understanding the associated charges and benefits, you can fully harness the power of M-PESA PayPal integration for your financial success.
Frequently Asked Questions (FAQs)
Can I withdraw funds from PayPal to M-PESA without linking the accounts?
Linking your PayPal and M-PESA accounts is necessary to enable transfers between the two platforms.
Is there a minimum withdrawal amount for PayPal to M-PESA transactions?
There is no minimum withdrawal amount, but the maximum withdrawal is KES 70,000 per transaction and KES 140,000 per day.
How long does it take to withdraw money from PayPal to M-PESA?
Withdrawals usually take 2 hours but can sometimes extend to 3 business days.
What are the charges for topping up PayPal using M-PESA?
Top-ups are subject to a 4% fee based on the transaction amount in USD and potential additional M-PESA transaction charges.
What should I do if my PayPal account is limited?
If your PayPal account is limited, address the concerns through the Resolution Center on your PayPal account.
Are there any common mistakes to avoid during the linking process?
Ensure the names on your PayPal account match those on your M-PESA account to avoid linkage issues.
What can I do if my withdrawal from PayPal to M-PESA is delayed?
If your withdrawal remains under review after two business days, consider contacting PayPal support for assistance.
Can I use the M-PESA PayPal service for transactions other than withdrawals and top-ups?
The service primarily focuses on withdrawals and top-ups, but future developments may expand its functionality.