Withdraw from Paypal with Mpesa

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Posted by on Wednesday August 10, 2011 18:38:47:

Paypal is a great form of online payment in Kenya and it has opened a lot of doors for users who want to send and receive money online. People in Kenya can even now sell online to the resr of the world with Paypal and in seconds, money starts flowing into your account.

It is quite easy to open and verify a Paypal account in Kenya as you an do this with your email account, bank account and valid identification but when it comes to withdrawing your money to a Kenyan bank, Paypal says no no. Why is it that Paypal users in Kenya are not able to withdraw from Paypal directly to the local bank? It seems that the banking system is not yet in tune with Paypal's so for now users are only able to withdraw to a US bank account.
Now, not every paypal account holder in Kenya can open or maintain a US bank account. This now raises the question on other options of withdrawing your paypal funds in Kenya.

Well another way you can withdraw or use your Paypal funds is buy buying stuff on the internet and getting it shipped to Kenya. If you are not interested in buying any physical item yet, you can as well buy mobile money in Kenya called Mpesa adn get it withdrawn to a local bank.

Now, Mpesa is all about Mobile money and if you have got Mpesa credits on your phone, you can easily convert it to cash in your bank account.

There are a couple of websites where you can simply buy Mpesa credits with your Paypal money and they may charge a little bit above the actual value you get but it is really an easy way of withdrawing money from your Paypal account than having to open and withdraw from a US bank account. Once you click on a number of units, you will be take to a paypal checkout page where you just login and confirm the purchase you are making. When purchasing make sure you include your original details such as phone number and address. You would be sent the Mpesa credits with a few days. Once you have got the Mpesa credits, you can easily convert it to real money. That's one of the joys of mobile money.

All you need to do to get Mpesa sites selling with Paypal is just to search for Buy Mpesa with Paypal and you should see results. One site I have seen however is Paympesa.com but I am not vouching for them. If you have got huge funds in your Paypal account however, you can still open a US bank account as a non resident. I think $2000 will be ok to open one like that.

I hope this report has been useful to you guys.




Comments:
Re: Withdraw from Paypal with Mpesa Reply by Mig on Wednesday March 7, 2012 at 11:9:34:

Someone should comeup with abetter money transfer system for the net



Re: Withdraw from Paypal with Mpesa Reply by Isaac on Wednesday November 28, 2012 at 18:34:48:

KenyaPesa allows you to withdraw PayPal to Mpesa at a reasonable rate and we deliver the cash within 24 hours. Our customer service is always reachable.



Re: Withdraw from Paypal with Mpesa Reply by Dee on Thursday November 29, 2012 at 10:34:22:

Hi..i need to know how much mpesa charges to withdraw cash from paypal?



Re: Withdraw from Paypal with Mpesa Reply by Isaac on Tuesday December 4, 2012 at 15:23:0:

Dee, We do not charge additional fee for Mpesa. The fee varies depending on the amount you are withdrawing. I'd recommend you register on KenyaPesa.com and use the website calculator for various amounts. That should give you an idea of how much the fees are.



Re: Withdraw from Paypal with Mpesa Reply by Justus on Saturday January 19, 2013 at 13:12:41:

Glo-money.com can help you withdraw from your Paypal account in minutes.



Re: Withdraw from Paypal with Mpesa Reply by James Makau on Wednesday January 23, 2013 at 18:41:56:

I have used www.pesa-gram.com to withdraw from PayPal to M-Pesa. The delivery is anywhere between 10minute and 24 hours. The site says that delivery is within 24 hours or less. In my experience though, I got the money in 30 mins and the other time in about 5 hours. The fees are very low, the only other charge that you might face is a 3.9% + $0.30 by PayPal. I think it's worth visiting their site and looking at their fees structure table at www.pesa-gram.com/fees



Re: Withdraw from Paypal with Mpesa Reply by Alex Kilele on Monday June 24, 2013 at 19:34:31:

Hallo we have money in our paypal account and we have Mpesa +254722536377 account , we need this money now ,, what i can do?

Please can I withdraw the money from paypal to our Mpesa within a day or hrs?

Alex Kilele

http://www.kilelefoundationkenya.com