Transferring money, keeping an account and withdrawing money from one banking service platform to another are important parts of being a part of the financial system of the world. And honestly, it has been made simpler by the availability of the internet and technology. Things can now be done sitting at one’s home with a few touches on the screen. Therefore, in today’s guide, we will discuss how one can withdraw money from PayPal to MPesa with a few steps. Let us begin.
What is MPesa?
MPesa is known to be a banking service launched in 2007 by Safaricom – the biggest mobile phone operator in Kenya. This step was taken by the company in order to make it simpler for the Kenyan population to carry out transactions and exchanges easily. If we break up the word, we can see that M here stands for Money and Pesa means money in the native language.
Can I withdraw money from PayPal to MPesa?
Yes, it is possible for you to withdraw money from PayPal to MPesa, especially if you are a Kenyan citizen and need some help in carrying out this transaction. The only condition for this transaction to take place is that your PayPal and MPesa must be connected with one another. The rest can be taken care of with a few steps.
How to withdraw money from PayPal to MPesa?
If you want to withdraw money from Paypal to MPesa, then these are the steps that you need to follow –
- The first step in this process is to log in to your PayPal account.
- Choose the option to Withdraw. Now the available balance will be displayed on the screen in USD. If it is not available in USD, then you can convert it into USD.
- Enter the amount in USD that you would like to withdraw from PayPal.
- Click on Withdraw.
- The exchange rate and the estimated transaction processing is displayed on the page, along with the other necessary information for the transaction. Remember that the amount that you will be receiving will be in KES.
- Confirm the transaction as the last step of the process.
This is what you can do in order to withdraw money from PayPal to MPesa.
Things to remember
Now that you are familiar with the steps of withdrawing money from PayPal to MPesa, it is time that you remember a few things on the way too –
- The steps of withdrawing money from PayPal to MPesa just take a few minutes, but the remaining part may take longer.
- The amount will be reflected in your account within 2 hours to 2 days of actually withdrawing the money from PayPal to MPesa.
- Make sure you have linked PayPal and MPesa beforehand, in order for the transaction to be completed successfully.
Since PayPal has a more universal nature and works on a large scale, it has millions of accounts on it. We hope we have solved the problem of withdrawing money from PayPal to another platform, like MPesa here. It is simple, although a little slow.
