PayPal Withdrawal to M-PESA: Here Is How To Send Money From Paypal to your Mpesa account
Learn how to withdraw money from PayPal to your M-PESA account in just a few easy steps!
Online transactions have become a crucial aspect of our daily lives in today's globalized world. A prominent online payment platform, PayPal offers a convenient way to send and receive money internationally. In Kenya, PayPal has partnered with M-PESA, a mobile money service Safaricom provides, to enable seamless transfers between the two platforms. This article will guide you through withdrawing money from your PayPal account to your M-PESA account, highlighting the charges and benefits of using this service.
- PayPal-M-PESA collaboration offers a secure and convenient way to transfer money between online accounts.
- Register your eligible Kenyan PayPal and M-PESA accounts to utilize this service.
- Withdrawals take 2 hours to 3 calendar days, depending on the transaction value.
- Fees apply to both withdrawals and top-ups between PayPal and M-PESA accounts.
- Access your funds for online shopping and local currency conversion.
How to Withdraw Money from PayPal to M-PESA:
Eligibility and Registration:
To use the PayPal Mobile Money Service with M-PESA, you need to have an eligible Kenyan PayPal and M-PESA account. The first step is to link your PayPal and M-PESA accounts through the PayPal Mobile Money Service website.
Accessing Your Available Balance:
Once registered, log in to your PayPal account and navigate the Withdraw section. Your available balance in USD will be displayed. You can only withdraw money up to the available balance shown in your PayPal account. If your balance is in a different currency, you must convert it to USD on the PayPal website.
Enter Withdrawal Amount:
Enter the amount you want to withdraw from your PayPal account in USD. The platform will show you the equivalent amount in Kenyan Shillings (KES), the exchange rate used for the conversion, and the estimated transaction processing time.
Confirm and Complete Withdrawal:
Review the details of your withdrawal, including the amount to be received in KES. Once you're satisfied, confirm the transaction. The withdrawal processing time varies, taking 2 hours to 3 calendar days, depending on the transaction value. The estimated time will be provided before confirming the transaction.
Top Up PayPal Using M-PESA Balance:
You can also top up your PayPal account using your M-PESA balance. After registering:
- Click on the Top Up option.
- Enter the amount you wish to top up in USD and calculate the equivalent amount in KES.
- Follow the steps to complete the top-up process, enabling you to shop online or send payments with PayPal securely.
Benefits of Using PayPal to M-PESA:
- Convenience and Accessibility: Linking your PayPal and M-PESA accounts allows you to transfer money between the platforms seamlessly. This convenience is particularly valuable for Kenyans engaged in online freelancing, e-commerce, or international transactions.
- Real-Time Transactions: Top-ups to your PayPal account are generally processed in real-time, ensuring that your balance is ready for use when needed.
- Secure Online Transactions: PayPal's secure payment infrastructure protects your transactions, reducing the risk of fraudulent activities.
Charges Associated with PayPal to M-PESA Transactions:
- Withdrawals: When withdrawing money from your PayPal account to your M-PESA account, a transaction fee of 3% is applied to the amount converted from USD to KES.
- Top-Ups: Top-ups to your PayPal account using your M-PESA balance incur a 4% transaction fee. Additionally, standard M-PESA transaction charges apply.
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.
As technology continues to reshape how we conduct financial transactions, services like PayPal's integration with M-PESA provide individuals and businesses in Kenya with a reliable and convenient solution for cross-border payments. By adhering to the simple steps outlined in this article, you can confidently use PayPal to M-PESA for your financial needs, ensuring your money is accessible and secure whenever needed.
Frequently Asked Questions (FAQs)
What is the PayPal Mobile Money Service with M-PESA?
The PayPal Mobile Money Service with M-PESA is a collaboration between PayPal and M-PESA, Safaricom's mobile money service, to facilitate money transfers between the two platforms.
How do I withdraw money from PayPal to my M-PESA account?
To withdraw money from PayPal to M-PESA, you need to link your accounts, enter the withdrawal amount in USD, confirm the transaction, and wait for the funds to be processed.
Can I top up my PayPal account using my M-PESA balance?
Yes, you can top up your PayPal account using your M-PESA balance. This allows you to shop online or securely pay with your PayPal account.
What charges are associated with PayPal to M-PESA transactions?
For withdrawals from PayPal to M-PESA, a 3% transaction fee applies to the amount converted from USD to KES. Top-ups to PayPal using M-PESA incur a 4% transaction fee and standard M-PESA transaction charges.
Is the PayPal to M-PESA service secure?
Yes, PayPal's secure payment infrastructure ensures the safety of your transactions. Linking your accounts provides a secure way to transfer money between PayPal and M-PESA.
How long does it take to withdraw money from PayPal to M-PESA?
The processing time for a withdrawal from PayPal to M-PESA varies, taking 2 hours to 3 calendar days, depending on the transaction value.
Remember, embracing the convenience of PayPal to M-PESA integration opens up new avenues for online transactions, making cross-border commerce more accessible and efficient.