PayPal is a global payment platform that enables users to make payments for a variety of online services and products, including purchases of goods, payments for entertainment and subscription services like Netflix, and payments for a number of other online services.
In the past, the use of a Visa card was the exclusive method via which one could add funds to their PayPal account. On the other hand, this shifted after Safaricom entered into a partnership with PayPal to link M-pesa with PayPal.
You can quickly and simply transfer money from your M-pesa account to your PayPal account, or you can withdraw money from your PayPal account directly into your M-pesa account. In this section, we will look at how to proceed.
Contents
Setting Up Your M-Pesa/PayPal Account
; Click here to open a PayPal account
After you have established a PayPal account, proceed with the procedures below to connect it to your M-pesa account.
- Go to PayPal mobile money page found on this link; https://www.paypal-mobilemoney.com/m-pesa You can as well type the link in a browser.
- Log to your account using your PayPal username and password
- Read through the PayPal’s terms and conditions for the service and agree to them.
- You will need to add your registered M-PESA number that you want to link with PayPal
- You will receive a verification code from PayPal sent to your M-PESA number
- You need to key in the verification code to verify the number and complete the linking process
Reloading PayPal with M-Pesa
After you have linked your registered M-Pesa line to your PayPal account, you will likely need to add funds to your PayPal account in order to be able to complete transactions. You will be able to do this action immediately from the M-pesa menu moving forward.
It is recommended that you sign into your PayPal account and use the currency converter option so that you are aware of the exact amount of Kenya shillings that you need to add to your balance.
This will be helpful since PayPal will utilize the currency conversion rate that will be used to convert the money. Consequently, this will be handy. You could apply your own converting method, only to discover later that you have insufficient funds in your account.
The PayPal paybill number is 800 088. Here are the steps to follow.
- Go to M-pesa lipa na M-pesa
- Select paybill and enter paybill number 800 088
- Enter your phone number that is linked to PayPal as your account number
- Enter the amount you wish to top up
- Enter Mpesa pin.
- You will get a notification message from Safaricom on the success of the payment. M-pesa will also send you a message confirming the payment to the paybill number.
This transaction is not free and M-pesa paybill charges will apply.
Guide to Making a Withdrawal to M-Pesa from PayPal
The good news for people who work online in Kenya and are paid through PayPal is that you may now withdraw money from PayPal directly into your M-pesa account.
This feature is available to anyone who work online in Kenya. The only prerequisite is that both of your systems must be linked together in the manner described above.
When you withdraw money from your PayPal account, however, the funds will be sent to you in Kenyan shillings even though the currency on the account is often dollars. When converting currencies, PayPal will utilize their own internal exchange rates.
Here is how you withdraw money from PayPal to M-pesa
- Login to your PayPal account.
- Select the withdrawal option
- Enter the amount you wish to withdraw. Click withdraw.
- You will received money into your M-pesa account that is linked to PayPal. Mpesa maximum transaction limits will apply.
Conclusion
You may now engage in online entrepreneurial endeavors and get paid without having to worry about how you will access the funds in Kenya thanks to the M-Pesa PayPal account link.
You will make the withdrawal directly to your M-pesa account, and at the same time, you will top off your PayPal account while remaining in the convenience of your own home.