M-Pesa to PayPal (How to withdraw to PayPal + other FAQs)
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M-Pesa and PayPal combined their services to create the PayPal Mobile Money Service through M-Pesa.
If you’re wondering how to use the PayPal mobile money service in M-Pesa, such as how to transfer money between platforms, I did some research and here’s what I learned!
M-Pesa to PayPal in 2022
To use the PayPal mobile money service with M-Pesa, you must have a qualifying Kenyan account with PayPal and M-Pesa, and they must be linked. Also, transferring money from PayPal to M-Pesa is called a withdrawal or transfer, while transferring money from M-Pesa to PayPal is called topping up your PayPal account.
If you want to learn how to transfer money from PayPal to M-Pesa, how to top up your PayPal account, how long it takes to transfer money, and more, read on!
Can I transfer money from M-Pesa to PayPal?
Fortunately, you can use M-Pesa’s PayPal mobile money service to transfer money between M-Pesa and PayPal.
However, as mentioned earlier, transferring money from M-Pesa to PayPal is not called a transfer, it is called a top-up, or adding money to your PayPal account.
Additionally, to do this, you must have an eligible Kenya M-Pesa and PayPal account, and you must link your two (2) accounts together.
To link your M-Pesa and PayPal accounts:
- First go to PayPal Mobile Money and log in with your PayPal username and password
- Next, enter your M-Pesa account phone number
- Next, you will receive a 4-digit verification code
- Finally, enter the code to confirm and finish linking your accounts
Once your accounts are linked and you are fully registered with the PayPal mobile money service through M-Pesa, you can transfer money between your accounts.
So, to top up your PayPal account with M-Pesa:
- First, you must be logged into your PayPal account
- Then, click “Recharge”
- Next, you need to enter the USD amount you want to recharge and click “Calculate” to get the equivalent KES amount
- Also, the amount converted to KES is the amount you need to transfer from your M-Pesa account to your PayPal account
- Next, go to your M-Pesa menu and click on “Lipa Na M-PESA”
- Next, click “Pay Bill”
- Then, enter Business Number 800088 and enter your phone number as Account Number
- After that, enter your M-Pesa PIN and click “Send”
- Finally, you can use your top-up PayPal balance to make purchases and send payments
Additionally, if your PayPal balance is not USD, you must go to your PayPal account and confirm the top-up request.
Additionally, your PayPal account top-up is usually processed “in real time” or within minutes, but can take up to 4 hours.
Additionally, to withdraw money from PayPal to M-Pesa:
- First, log in to your PayPal account
- 2. Click “Withdraw”
- After clicking “Withdraw”, the available balance in your account will be displayed
- Also, you can only withdraw available amounts in USD
- Enter the dollar amount you want to withdraw
- You will then see the amount of KES you will receive, the exchange rate for the currency exchange, and the estimated transaction processing time
- Finally, review the details and click Confirm
How long does it take to transfer money from M-Pesa to PayPal?
Transfers from PayPal to M-Pesa can take 2 hours to 3 calendar days (including weekends) to fully process.
Also, the time it takes to process a transaction depends on the transaction value.
Also, before you confirm the transaction, you’ll see how long you expect the transfer to take.
Also, as mentioned earlier, it usually takes a few minutes to top up your PayPal account, but can take up to 4 hours.
How much does it cost to send money from M-Pesa to PayPal?
Withdrawals from PayPal to M-Pesa cost 3% of the total amount converted from USD to KES.
In addition, the top-up fee from M-Pesa to PayPal is 4% of the total amount transferred to your PayPal account.
If you want to learn more, you can also read our posts on how long PayPal refunds take, Metamask to PayPal, and MasterCard to PayPal.
in conclusion
PayPal and M-Pesa have created a service that allows Kenyan users to use both PayPal and M-Pesa and transfer funds between the platforms.
Also, transferring money from M-Pesa to PayPal is called a top-up, while transferring money from PayPal to M-Pesa is a normal transfer.
Also, it takes a few minutes to 4 hours to process PayPal top-ups, and 2 hours to 3 days for transfers from PayPal to M-Pesa.