Send Money from Mpesa to Paypal: A Comprehensive Guide

 

Send Money from Mpesa to Paypal: A Comprehensive Guide

If you're looking to send money from Mpesa to Paypal, you've come to the right place. In this comprehensive guide, we'll take you through everything you need to know about transferring funds from Mpesa to Paypal, including the steps involved, fees, and processing times.

Introduction

Mpesa is a mobile money transfer service that has revolutionized how people send and receive money in Kenya. It's a convenient, affordable, and secure way to transfer money to friends, family, and businesses. On the other hand, Paypal is a global online payment system that allows individuals and businesses to send and receive payments online.

Combining these two platforms can be a game-changer for people who need to send money from Kenya to other parts of the world. However, sending money from Mpesa to Paypal is not a straightforward process, and there are certain steps you need to follow to ensure a successful transaction.

How to Send Money from Mpesa to Paypal

Before we get into the nitty-gritty of how to send money from Mpesa to Paypal, there are a few things you need to have in place. These include:

• A valid Mpesa account
• A valid Paypal account
• A mobile phone with internet access

Once you have these in place, you can follow the steps below to send money from Mpesa to Paypal:

Step 1: Link your Mpesa account to your Paypal account

To link your Mpesa account to your Paypal account, you need to have a Kenyan Paypal account. If you don't have one, you can sign up for one on the Paypal website. Once you have a Kenyan Paypal account, follow the steps below:

1. Log in to your Paypal account and click on the "Link a bank account" button.
2. Select "Link a bank account in Kenya" and enter your Mpesa phone number.
3. You'll receive a confirmation code on your mobile phone.
4. Enter the confirmation code on the Paypal website to verify your Mpesa account.
5. Once your Mpesa account is verified, you can transfer funds from Mpesa to Paypal.

Step 2: Transfer funds from Mpesa to Paypal

To transfer funds from Mpesa to Paypal, follow these steps:

1. Go to the Mpesa menu on your mobile phone and select "Lipa na Mpesa."
2. Select "Pay Bill" and enter the Paypal business number, which is 800088.
3. Enter your Kenyan Paypal account number as the account number.
4. Enter the amount you want to transfer from Mpesa to Paypal.
5. Enter your Mpesa PIN to authorize the transaction.
6. Wait for a confirmation message from Mpesa and Paypal that the transaction was successful.

Fees and Processing Times

When sending money from Mpesa to Paypal, there are fees involved. Mpesa charges a fee for the transaction, while Paypal charges a currency conversion fee and a receiving fee. The fees vary depending on the amount being transferred and the currency being converted.

The processing time for the transaction also varies. Typically, the funds will be available in your Paypal account within 2-3 business days. However, it's essential to note that the processing time may be longer depending on various factors, such as bank processing times and public holidays.

FAQs

 

Q1: What are the fees involved in transferring money from Mpesa to Paypal?

The fees involved in transferring money from Mpesa to Paypal include a transaction fee charged by Mpesa and currency conversion and receiving fees charged by Paypal. The exact amount of fees charged depends on various factors, such as the amount being transferred and the currency being converted.

Q2: How long does it take for the funds to reflect in my Paypal account?

Typically, the funds will be available in your Paypal account within 2-3 business days. However, the processing time may be longer depending on various factors, such as bank processing times and public holidays.

Q3: Can I transfer money from Paypal to Mpesa?

Yes, you can transfer money from Paypal to Mpesa. To do this, you need to link your Paypal account to your Mpesa account and follow the steps provided by Paypal.

Q4: Are there any limits on the amount of money I can transfer from Mpesa to Paypal?

Yes, there are limits on the amount of money you can transfer from Mpesa to Paypal. The maximum amount you can transfer per transaction is Ksh. 70,000, and the daily limit is Ksh. 140,000.

Q5: Is it safe to transfer money from Mpesa to Paypal?

Yes, it is safe to transfer money from Mpesa to Paypal. Both Mpesa and Paypal use advanced security measures to protect users' information and transactions.