For those in Kenya with both PayPal and M-PESA accounts, transferring funds between the two platforms is a convenient way to manage your money. This article will guide you through the process of withdrawing money from your PayPal account to your M-PESA account.
Prerequisites to Withdraw Money from Paypal to Mpesa
- A verified PayPal account
- A qualifying M-PESA account linked to your PayPal account
Steps to Withdraw from PayPal to M-PESA
- Log in: Head to the dedicated M-PESA PayPal webpage: https://www.safaricom.co.ke/media-center-landing/frequently-asked-questions/m-pesa-paypal-service
- Select Withdraw: You’ll see your available balance in USD displayed on the screen.
- Enter Withdrawal Amount: Input the amount you want to withdraw in USD. Ensure it doesn’t exceed your available balance.
- Confirm Details: A confirmation page will show the equivalent amount you’ll receive in Kenyan Shillings (KES), the applied exchange rate, and the estimated processing time.
- Complete the Transfer: Click “Confirm” to finalize the withdrawal process.
Important Notes
- Currency: Withdrawals are processed in USD. If your PayPal balance is in a different currency, convert it to USD before initiating the withdrawal.
- Fees: Be aware of any fees associated with the transaction, including currency conversion charges.
Additional Information:
- For more details and frequently asked questions, you can refer to the official Safaricom website’s M-PESA PayPal service section: https://www.safaricom.co.ke/media-center-landing/frequently-asked-questions/m-pesa-paypal-service
By following these steps, you can easily transfer funds from your PayPal account to your M-PESA account for convenient mobile money transactions in Kenya.
Check also: Know How to Link Paypal with Mpesa
