International money transfers are now quick, easy, and convenient thanks to digital finance providers. PayPal is one of the world's top digital financial systems, and its integration with M-Pesa now allows M-Pesa customers in Kenya to withdraw PayPal funds straight to their M-Pesa accounts.

 

TransferTo, in collaboration with PayPal and Safaricom, provides the money transfer service from PayPal to M-Pesa.

 

To be eligible for the transfer, you must have an active M-Pesa and PayPal account. You must also link both accounts in order to transfer money from one to the other.

 

Withdraw Money From PayPal to M-Pesa in Kenya

 

Step 1: Linking Your PayPal Account to M-Pesa

This procedure allows you to transfer monies from your PayPal account to your M-Pesa account. Simply follow the steps below:

·         Visit the official webpage for the PayPal-M-Pesa partnership.

 

·         To begin the registration process, click the "Get Started" button.

 

·         Enter your PayPal credentials to log in to your PayPal account.

 

·         After you've logged in, input your M-Pesa account mobile phone number.

 

·         The verification code will then be sent to you by SMS, which you will enter to verify your phone number.

 

·         The PayPal-M-Pesa integration is now complete.

 

NB: Please keep in mind that the names on your PayPal account and your M-Pesa account must match. Otherwise, you will be unable to link your PayPal account to M-Pesa.

 

How to Transfer Funds From PayPal to M-Pesa

You can now begin the withdrawal process after integrating your PayPal and M-Pesa accounts. Follow these easy steps:

·         Visit the PayPal-Mpesa website.

 

·         Click "Get Started" and then "Withdraw from PayPal" on the dashboard.

 

·         Your PayPal account balance will be displayed. You can only withdraw money up to the amount of your available balance.

 

·         If your PayPal account balance is in a different currency, you must convert it to USD before withdrawing. You can do the conversion straight on the PayPal website.

 

·         Enter the amount to be transferred from PayPal to your M-Pesa account. Make sure you stick to the maximum and minimum withdrawal amounts.

 

·         You'll be taken to a page where you may confirm the specifics of your transaction. This page displays the amount in Kenya shillings, the conversion rate, and the estimated processing time.

 

·         Confirm your information to finish the process.

 

PayPal charges a 3% conversion fee on the withdrawn amount. M-Pesa accounts are capable of holding up to Ksh. 500,000, so keep this in mind when withdrawing.

 

How to Top Up Your PayPal Account Using Your M-Pesa Balance

 

If you need to make a payment using PayPal, you can top up your account using your M-Pesa wallet. To top up your PayPal account via M-Pesa, follow these steps:

 

·         Log in to PayPal-Mpesa with your credentials.

 

·         On the page, click the "Top Up" button.

 

·         Enter the required top-up amount in USD, then click "Calculate" to convert it to KES. This displays the amount you need to transfer from your M-Pesa account. The exchange rate used for conversion is also displayed on the page.

 

·         Navigate to the M-Pesa menu and pick Lipa na M-Pesa, then Pay Bill. As the Business Number, enter 800088.

 

·         As the Account Number, enter the email address associated with your PayPal account.

 

·         To confirm the transaction, enter your M-Pesa PIN and then click Send.

 

·         The amount will be shown in your PayPal account within a few minutes; however, it may take up to four hours.

 

Why Can’t I Withdraw From PayPal to M-Pesa?

 

Errors might sometimes prevent you from successfully withdrawing funds from PayPal to M-Pesa.

 

Here are some probable explanations:

·         You have not connected your accounts: If you haven't linked your PayPal and M-Pesa accounts, you won't be able to withdraw funds from PayPal to M-Pesa. Before making a withdrawal, make sure you've linked the two accounts. If you're having trouble connecting your PayPal account to M-Pesa, it's probably because the names in the accounts don't match. Your PayPal account must have the same name as your M-Pesa account.

 

·         Your PayPal account has been disabled: PayPal occasionally suspends user accounts when their terms are violated. If you discover that your account has been suspended, you can fix it by login into your account and visiting the Resolution Center. You'll find the measures you need to take to get the suspension lifted.

 

 

·         Your money has been held: PayPal sometimes freezes funds for new users until the sender confirms it on their end. If this is the case, you can request that the sender confirm the payment to remedy the problem.

 

·         You have restricted access: PayPal may limit your account due to dispute claims such as failure to establish your identity or inactivity for an extended period of time. Because it is unable to perform transactions with a PayPal account, you must log in to PayPal to find out why your account was restricted.

 

 

·         There is a withdrawal mistake: Withdrawal mistakes arise when withdrawals are made without including the decimal point. If the decimal point does not appear automatically, you must add it manually.

 

·         A certain transaction is being reviewed: If PayPal suspects fraud, withdrawal transactions may be delayed. Contact PayPal support if your account is under review for more than two business days.

 

How Much Does It Cost to Withdraw Money From PayPal to M-Pesa?

The conversion cost is 3% of the amount for both withdrawal and top-up operations. PayBill charges occur when filling up your PayPal from M-Pesa, depending on the amount transacted. This sum is payable to Safaricom.

 

 

In conclusion, mastering the art of transferring funds between PayPal and M-Pesa, as well as topping up your PayPal account using M-Pesa, empowers you to navigate international financial transactions with ease. These versatile methods offer convenience and accessibility, ensuring your financial needs are met, no matter where you are. Say goodbye to barriers and embrace the freedom of seamless cross-border transactions with PayPal and M-Pesa.