How to Link PayPal and M-PESA
You can now link your PayPal and M-PESA account. According to a press release by Safaricom on 9Th April 2018, PayPal and TranferTo have collaborated and come up with a new service that will allows transfer of funds between PayPal and M-PESA accounts.
This new service will enable Kenyan traders to withdraw money and receive from PayPal easily within a few hours. Also, it will enable the online Kenyan merchants to boost their business growth and business reach internationally.
Safaricom PayPal Mobile Money with M-PESA- How It Works
With this long-awaited service, you could be wondering how to it works. At 3neel we have compiled a step by step guide on how to link your PayPal account with M-PESA, how to withdraw money and how to top up to PayPal via M-PESA using the PayPal Mobile Money Service with M- PESA.
What you need;
- A PayPal Account
- A registered M-PESA line
How to Link your PayPal with M-PESA on PayPal Mobile Money Service
Step 1. Go to PayPalmobile.com website.
Step 2. Click on “Get Started” button and log in to your PayPal account. If you don’t have a PayPal account you can click here to sign up and follow the prompts.
Step 3. Next, you need to link your PayPal account and M-PESA by entering your registered M-PESA mobile number and then click on “Link my Accounts” button.
Step 4. Lastly, you will get a confirmation code on your phone. Enter the confirmation code and click on “Confirm” button.
If you do not receive the code you can request another by clicking on “Send New Confirmation Code”
Bravo! You have now linked PayPal to M-PESA
How to Withdraw Money from PayPal to your M-PESA Account on PayPal Mobile Money Service
For PayPal to M-PESA withdrawal follow these steps.
Step 1. To withdraw money, you have to go back to the home page and click on “Withdraw from PayPal” button.
Step 2. On the window that appears, you will see the amount available on PayPal account in US dollars. Below it, is an option to enter the amount that you want to withdraw in US dollars. Proceed by clicking on “Continue to Withdraw” button
Tip: Remember the maximum amount that you can hold on your M-PESA is 100,000 KES. Therefore, be smart on the amount you withdraw.
Step 3. On the Please Verify Withdrawal window, you will see the amount that you want to withdraw and its equivalent in Kenya shillings. The exchange rate is also displayed as well as the estimated time the withdrawal process will take.
Step 4. Finally, complete the process by clicking on “Confirm” and you will receive the money at the estimated time.
It is that simple.
How to Top Up to PayPal on PayPal Mobile Money Service
Step 1. Begin, by clicking on “Top up to PayPal” button.
Step 2. Next, you can use the calculator on the page to calculate the amount of Kenyan shillings that makes up the desired US D amount.
Step 3. Now turn to your Phone, find the SMS toolkit, click on “M-PESA” followed by “Lipa na M-PESA” option
Step 4. From there, click on “Pay Bill” and enter 800088 as the business number.
Step 5. For the account number, enter the your Safaricom phone number linked to your PayPal account and then enter the KES amount that you want to top up to PayPal.
Step 6. Complete the process by entering your M-PESA pin and click on “OK” and you are done.
The money will now be available on your PayPal account an you view the status on “Transaction History” page on your PayPal account.
Here is a Video to guide you through.