Sunday, July 3, 2022

How to transfer money from PayPal to mpesa

PayPal of PayPal Holdings Inc is an American multinational financial technology service that enables money transfer electronically, an alternative to the traditional paper methods.

With a PayPal account, you can send and receive money from almost everywhere in the world with affordable transfer and withdrawal rates. PayPal supports withdrawal methods to banks and Mpesa, but many Kenyan users opt to use Mpesa because of its convenience, owing to many Safaricom outlets located countrywide.

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This article will take you through how to withdraw funds from PayPal to your Mpesa mobile wallet.

How to withdraw money from PayPal to Mpesa

To transfer funds from PayPal, you must have a registered PayPal account with money and must have linked your Mpesa mobile number to the account. Here is how to go about it:

  1. Visit www.paypal-mobilemoney.com/m-pesa
  2. Click ‘Get Started’
  3. In the new window, log in using your email and password
  4. Select ‘Withdraw from PayPal’
  5. Your PayPal account balance will show alongside a drop-down menu to input the amount you wish to withdraw in USD. Enter the amount
  6. Choose ‘Continue to Withdraw’
  7. You will be redirected to a new page with the inputted amount converted to KES and the estimated time for money to be channeled to the Mpesa wallet
  8. Confirm and complete the withdrawal of the money

Before conducting the withdrawal, make sure your Mpesa mobile wallet can receive the funds by the fact that Mpesa can hold a maximum of Ksh300,000. Also, remember that the highest amount to be transacted per withdrawal is Ksh150,000.

What is the cost of withdrawing funds from PayPal to Mpesa? PayPal charges customers a 3% conversion fee of the amount converted from USD to KES. For instance, if you withdraw $26 and it is converted to Ksh3,000, the withdrawal fee will be 3% of Ksh3,000, which is Ksh90.

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Justus Kiprono
Justus Kipronohttps://www.newsmoto.co.ke/
online journalism. Freelancer- HALF KENYAN|HALF AMAZING

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