PayPal is an online global payment method that enables individuals to receive payment or send money to another individual online. This can either be locally or abroad. Through a partnership between PayPal, Transfer To and Safaricom, customers in Kenya can now make a deposit or withdraw PayPal’s money via Safaricom Mpesa. Hence one can easily withdraw money from PayPal to Mpesa.
PayPal is very secure because it does not reveal the owners personal and financial information to any one. It is widely known because of its usage worldwide. To withdraw money from PayPal to Mpesa is very easy and convenient. Online workers in Kenya continue to increase in large numbers hence making PayPal account a must have. Via a PayPal account, individuals can easily receive and send money abroad. Also an individual can shop around the world and make payments online.
PayPal enables payments using your mobile phone at our own convenient time. To create and register a PayPal account is free and very easy steps are involved. PayPal is safe and secure way of making online payments at any time. It’s very convenient as to access your account; all you need is internet connections.
The use of PayPal comes with special security features that protect the individual from the risks involved in fraud which is very common with online transactions. Mpesa has made it very easy to withdraw cash from the PayPal account very conveniently and fast. It enables one to get the money instantly.
How to register for PayPal Mpesa services
- Log in to your PayPal account
- Confirm your email address
- Register for the service by keying in your Mpesa mobile number
- Click, link the accounts
- Enter the confirmation code received to complete registration
To register for PayPal Mpesa withdraws; one must first sign up and register for a PayPal account.
How to withdraw money from PayPal to Mpesa
- Log in to your PayPal account
- Click withdraw
- The available balance will be displayed
- Enter the amount you wish to withdraw
- Confirm the amount to be debited from the PayPal account and the amount to be received in your Mpesa wallet.
- Complete the transaction for successful withdrawal.
To be able to withdraw through Mpesa, you must be a registered Mpesa customer.
PayPal to Mpesa withdraws takes 2hrs to 3 days depending on the transaction amount. Current Mpesa transaction limits apply; Kshs.70 000 per transaction and 140 000 per day.
Before PayPal and Mpesa partnership, individuals have to acquire an agent to facilitate the transfer. Customers had to choose among the many online websites that acts as agents. Hence this led to incurring high transfer fees and sometimes loss of the money.
The agent transfer is very challenging. This is because it is very hard to get a reliable and transparent agent. Also it is very hard to differentiate the real from the fake withdrawal services. Some agents also charge very high commissions.
Apart from Mpesa, you can also withdraw money from PayPal to Equity Bank branch. The money is readily available in your account after only three business days. PayPal is the best for online transactions and payments because of the easy steps involved. The money charges involved are low. It’s fast and instant to send money to another PayPal account.
Withdrawing Money from PayPal is Fast and Cheaper
PayPal is very efficient and convenient. Moreover, it is very fast when sending and receiving money. Once you have successfully received your money from PayPal to Mpesa, you can then manage your monthly bills.
Monthly bills such as KPLC bill, GOTV and DSTV subscription. This is by using Mpesa paybill number at the comfort of your home. There is no need for a bank account when dealing with PayPal to Mpesa account.
How to deposit money from Mpesa to PayPal account via PayPal Mpesa paybill
- On your phone, go to the Mpesa menu
- Select lipa na Mpesa
- Choose paybill
- The business number is 800088
- The linked Mpesa phone number
- The amount that to send
- Enter Mpesa PIN then press OK
- Confirm if the transaction is correct via Hakikisha, and then press OK.
After a short while, you will receive a confirmation message from Mpesa.
It’s very easy to send funds to your PayPal account. Deposits from Mpesa to PayPal account is processed in real time. Though, it may take up to 4 hours depending on the transaction amount. Once the deposit is successful, the customer may then need to log into the PayPal account to confirm the deposit request.
A customer can easily deposit funds from the Mpesa menu in their SIM Toolkit or from the MySafaricom Mpesa app.
With Mpesa to PayPal, customers can easily shop anywhere and anytime online around the world.
PayPal to Mpesa also enables the local customers to sell their goods and services internationally around the world. That is, to the million PayPal users and in international currencies.
PayPal mobile money service with Mpesa makes the customers access their funds very easily. When paid via PayPal, customers can now easily and conveniently withdraw their PayPal funds to their Mpesa wallets at the comfort of their homes, offices and even on the move.
Once the PayPal to Mpesa withdraw is successful, customers can then use the money to pay their utility bills, shop or withdraw the money from the PayPal to Mpesa agents.
Other than PayPal to Mpesa, customers can also transfer PayPal balance to the linked bank account online. This is possible via an eligible debit card hence making instant transfers.