So you did some work online in Kenya and got paid through PayPal.
Congratulations for a job well done!
Now how do you withdraw the funds from PayPal?
In the past, Kenyans could only deposit money to their Paypal accounts using third parties.
As from 9th April, 2018 though, Kenyan Paypal users can now deposit money into their Paypal accounts directly using M-Pesa via Paypal Safaricom Paybill number 800088.
However, to be able to deposit money into your PayPal account in Kenya or to withdraw money from your PayPal account in Kenya using Safaricom M-PESA, you have to first register by connecting you PayPal to M-PESA.
With PayPal, you can deposit and withdraw funds in US$ only. However, when you withdraw your money from PayPal, you will receive it in your M-Pesa in Kenya Shillings.
Also, when depositing the funds into your PayPal, you will transfer from M-PESA in Kenya Shillings, but they will arrive in your PayPal account in US$.
Following is a step by step guide on how to register and connect your Paypal to Mpesa in Kenya.
1. Log into your Paypal-mobilemoney account via this link.
2. Click on ‘Get started”to Login with your PayPal email and password.
3. Carefully read and confirm agreement with the Privacy Policy
4. Connect your PayPal with M-PESA by entering your M-PESA Safaricom mobile phone number then click on “link your accounts”.
P.S.
- You can only link one phone number per PayPal account.
- The PayPal and M-PESA accounts must belong to the same person. Make sure that the details in your accounts match.
- After submitting your account details, you will receive a 4-digit verification code to the phone number you just entered.
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Complete the account linkage by entering the 4-digit verification code you received in Step #5 above.
What's Covered in This Article
How much does it cost to withdraw money from PayPal using M-Pesa?
You will be charged a 3% conversion fee of the amount withdrawn.
How much does it cost to deposit money into PayPal using M-Pesa?
- You will be pay a 4% conversion fee of the amount deposited.
- Regular M-PESA charges apply to all other transactions (M-PESA will charge you a customer to business (C2B) PayBill charge as detailed in the Terms and Conditions).
How long does it take to transfer money from PayPal to M-PESA?
After you have confirmed the withdrawal transaction, it takes between 2 hours to 3 calendar days for the money to move from your PayPal account to your M-PESA account.
This depends on the transaction amount.
The estimated processing time will be presented to you before finalizing the transaction.
Once the money is credited to your account, you will receive a confirmation message from M-PESA and an email from PayPal. You can also check the status of the transaction in the Transaction History page.
How long does it take to transfer money from M-PESA to PayPal?
If your PayPal balance is in US$, deposits from M-Pesa to your PayPal account will generally be processed instantly, but may take up to 4 hours to reflect in your PayPal account.
However, If your PayPal balance is not in US$, you must log in to your PayPal account to confirm the top up request.
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