If you’re looking for a way to transfer funds between PayPal and Mpesa, you’re not alone. Millions of people in Kenya and around the world use these two platforms to send and receive money. However, the process of transferring funds from PayPal to Mpesa or vice versa can be confusing and frustrating, particularly if you don’t know where to start.
In this article, we’ll cover everything you need to know about PayPal Kenya Mpesa, transferring funds between them, including how to link your accounts, how to withdraw funds, and some tips and tricks for making the process as smooth as possible.
What is Mpesa?
First things first, let’s talk about Mpesa. Mpesa is a mobile money transfer service that was launched in Kenya in 2007 by Safaricom, one of the country’s largest telecommunications companies. It allows users to deposit, withdraw, and transfer money using their mobile phones, without the need for a bank account.
Since its launch, Mpesa has become hugely popular throughout Kenya and has even expanded to other countries in East Africa, such as Tanzania and Mozambique. In addition to person-to-person transfers, it’s also used for paying bills, buying airtime, and even shopping at select retailers.
What is PayPal?
PayPal is an online payment system that allows users to make payments and transfer funds electronically. It was founded in 1998 and is now one of the most widely used online payment services in the world, with over 300 million active users.
Unlike Mpesa, PayPal requires users to have a bank account or credit card linked to their account in order to make transactions. However, it’s accepted by millions of merchants around the world and is also used for person-to-person transfers.
Linking Your PayPal and Mpesa Accounts
Before you can transfer funds between PayPal and Mpesa, you’ll need to link your accounts together. Here’s how to do it:
- Log in to your PayPal account and click on “Wallet”.
- Click on “Link a bank or card”.
- Select “Link a bank account” and enter your Mpesa account details.
- Once you’ve entered your details, PayPal will send two small deposits to your Mpesa account to verify that it’s yours.
- Check your Mpesa account for the deposits and enter them into PayPal to confirm your account.
Once your accounts are linked, you can begin transferring funds between them.
Transferring Funds from PayPal to Mpesa
To transfer funds from your PayPal account to your Mpesa account, follow these steps:
- Log in to your PayPal account and click on “Wallet”.
- Click on “Withdraw funds”.
- Select “Withdraw funds to your bank account”.
- Choose your Mpesa account as the destination bank account.
- Enter the amount you want to transfer and click “Continue”.
- Review the details of the transaction and click “Withdraw”.
It’s important to note that there may be fees associated with transferring funds from PayPal to Mpesa. Be sure to check with both services to understand any potential costs.
Transferring Funds from Mpesa to PayPal
If you want to transfer funds from your Mpesa account to your PayPal account, the process is a bit more complicated. Here’s what you need to do:
- Log in to your Mpesa account and go to the “Lipa na Mpesa” menu.
- Select “Pay Bill” and enter the business number for PayPal: 800088.
- Enter your PayPal account number as the account number.
- Enter the amount you want to transfer and click “OK”.
- Confirm the details of the transaction and enter your Mpesa PIN to authorize the transfer.
It’s important to note that transferring funds from Mpesa to PayPal can take up to three business days to complete. Additionally, there may be fees associated with the transfer.
Tips and Tricks for Transferring Funds Between PayPal and Mpesa
Here are a few tips and tricks to keep in mind when transferring funds between PayPal and Mpesa:
- Check for fees: As mentioned earlier, there may be fees associated with transferring funds between the two services. Be sure to check with both services to understand any potential costs.
- Double-check your details: It’s important to enter your account information correctly when linking your accounts and initiating transfers. Double-check your details to avoid mistakes that could delay or prevent your transactions.
- Plan ahead: Transferring funds between PayPal and Mpesa can take time, so plan ahead if you need to move money quickly.
- Use reputable services: Both PayPal and Mpesa are reputable and widely used services, but be wary of scams or fraudulent transactions. Only use trusted sources and never
share your account information with anyone.
Transferring funds between PayPal and Mpesa can seem daunting at first, but it’s actually a straightforward process once you know the steps. By linking your accounts, you can quickly and easily move money between the two platforms, whether you’re sending funds to friends and family or making online purchases.
Remember to double-check your details and plan ahead when transferring funds, and always be vigilant for potential fees or fraudulent transactions. With these tips in mind, you can make the most of both PayPal and Mpesa, and enjoy hassle-free money transfers whenever you need them.
- Are there fees associated with transferring funds between PayPal and Mpesa?
- Yes, there may be fees associated with transferring funds between the two services. Be sure to check with both services to understand any potential costs before initiating any transactions.
- How long does it take to transfer funds from Mpesa to PayPal?
- Transferring funds from Mpesa to PayPal can take up to three business days to complete.
- Do I need a bank account to use Mpesa?
- No, you don’t need a bank account to use Mpesa. You can deposit, withdraw, and transfer money using your mobile phone.
- Can I use PayPal to pay bills?
- Yes, PayPal is accepted by millions of merchants around the world and can be used to pay bills online.
- Is it safe to transfer funds between PayPal and Mpesa?
- Yes, transferring funds between the two services is generally safe as long as you follow best practices for online security and only use trusted sources.