After linking your M-Pesa account to your Paypal account, you can move ahead by learning how to deposit and withdraw money from PayPal to your M-PESA account.
The steps are quite simple and short. All you have to do is to follow the below guidelines and you would be able to perform all the necessary transaction from your account.
Meanwhile, Equity bank also offers the same service but it takes approximately 3-days for them to clear the transferred money.
How to deposit money to my PayPal account using my M-PESA balance
*. After completing the registration, click “Top Up”
*. Enter the amount you would like to top up in USD and click “Calculate” to get the equivalent amount converted in KES. This is the KES amount you need to transfer from your M-PESA account. The exchange rate used will be displayed on the same page
*. Go to your M-PESA menu and select “Lipa na M-PESA” then the “Pay Bill” option
*. Enter Business Number 800088
*. Enter your phone number as the Account Number
*. Enter your M-PESA PIN and click “Send”.
*. Use your newly topped up balance to easily and more securely shop online or send payments with PayPal.
After that, you can also learn how to withdraw too, it is quite simple and easy.
How to withdraw money from PayPal to my M-PESA account
*. Log on and click “Withdraw”.
*. Your available balance will be displayed. You will only be able to withdraw money up to the available USD balance shown in your PayPal account. If you hold a balance in your PayPal account in a different currency, please log in to your PayPal account at paypal.com/ke and convert the money into USD.
*. Enter the amount you would like to withdraw from your PayPal account in USD.
*. You will be redirected to a page showing the amount to be received in KES, the exchange rate used for the currency conversion, and the estimated transaction processing time.
*. Confirm and complete the withdrawal of funds.
Can I send money to someone else?
It is possible but it only depends as the account holder must name must corresponds with Paypal and M-PESA accounts, it is only there and then, you can move money between your accounts.
But from one person to different other person, it doesn’t work that way, as the service does not support money transfers between different people.
What Browsers supports this transaction?
If you are interested in the Safricom M-Pesa partnering with Paypal, and you want to access the web page to complete your transactions, then you have to use any of the below browsers and they includes;
*. Internet Explorer version 9 and later
*. Chrome version 27 and later
*. Firefox version 30 and later
*. Safari version 5.1 and later
*. Opera version 23 and later
Link both together and enjoy seamless payment of goods, services and many others, it is proudly powered by Transferto!