The PayPal Mobile Money Service with MPESA in 2024 enables users to transfer funds between their PayPal and M-PESA accounts. This service is provided by TransferTo in collaboration with Safaricom and PayPal. To use this service, you need a Kenyan PayPal account and an M-PESA account. Once registered, you can link both accounts for seamless money transfers.
Withdrawing money from PayPal to MPESA in 2024
1. Register and link accounts: Complete the registration process to link your PayPal and M-PESA accounts.
2. Initiate withdrawal: Click on the Withdraw option.
3. Check balance: Your PayPal balance will be on display. Ensure your balance is in USD; if not, convert it on PayPal’s website.
4. Enter withdrawal amount: Specify the USD amount you want to withdraw.
5. Review details: You’ll be redirected to a page showing the amount in KES, the exchange rate, and the estimated processing time.
6. Confirm transaction: Confirm the details to complete the withdrawal.
Withdrawals typically process within 2 hours to 3 days, depending on the amount. The exact timeframe will be shown before you confirm the transaction.
Topping up PayPal with MPESA in 2024
1. Register and link accounts: Ensure your PayPal and M-PESA accounts are linked.
2. Initiate Top Up: Click on the Top Up option.
3. Enter Top Up amount:** Specify the amount in USD and click Calculate to see the equivalent KES amount.
4. Transfer funds via M-PESA:
– Go to the M-PESA menu, select Lipa na M-PESA, then Pay Bill.
– Enter Business Number 800088.
– Use your phone number as the Account Number.
– Enter your M-PESA PIN and click Send.
5. Confirm Top Up: The top-up amount will reflect in your PayPal account. If your PayPal balance is not in USD, you’ll need to confirm the top-up request on PayPal’s website.
Top-ups are generally processed in real-time but can take up to 4 hours.
Final thoughts on PayPal to M-PESA
The PayPal Mobile Money Service with M-PESA in 2024 provides a convenient way to transfer funds between PayPal and M-PESA accounts. By following the above steps, users can withdraw from PayPal to M-PESA or top up their PayPal balance using M-PESA. Please note little charges may apply when using the PayPal Mobile Money Service with M-PESA.