How transfer money from PayPal to M-PESA 2024

Here’s how you can transfer money from PayPal to your M-PESA account:

Requirements:

• You need a verified PayPal account linked to a bank account or debit card.
• You need a registered M-PESA account linked to your Kenyan phone number.
• You need to have activated the “Withdraw service” in your PayPal account for withdrawals to mobile money wallets.

Steps to transfer money from Paypal to M-PESA 2024:

1. Log in to your PayPal account.
2. Click on “Withdraw” from your balance options.
3. Select “To a bank account” and then choose “Mobile Money.”
4. Search for and select “M-PESA Kenya” from the mobile money providers list.
5. Enter your M-PESA phone number linked to your account.
6. Enter the amount you want to withdraw (USD currency only).
7. Review the transaction details and click “Withdraw.”
8. You will receive a confirmation SMS from PayPal to your phone number linked to your PayPal account.
9. Reply “1” to the SMS confirmation to proceed with the transaction.
10. You will receive a second SMS from Safaricom with a confirmation code.
11. Enter the confirmation code into the PayPal app or website to finalize the transaction.
12. You will receive a final confirmation SMS from Safaricom stating the successful transfer of funds to your M-PESA account.

Important notes:

• There are fees associated with this transaction, including a PayPal processing fee and an M-PESA receiving fee. Check the current fees before initiating the transfer.
• The maximum withdrawal amount per transaction may vary depending on your PayPal account limits and M-PESA transaction limits.
• The currency exchange rate between USD and KES will be applied by PayPal at the time of the transaction.
• This method might not be available in all countries or regions. Make sure “M-PESA Kenya” is displayed as an option before proceeding.

Here are some additional resources:

• Safaricom M-PESA Website: https://www.safaricom.co.ke/personal/m-pesa

I hope this helps!

How much does PayPal charge per transaction to M-PESA?

The fees involved in transferring money from PayPal to your M-PESA account depend on several factors:

1. PayPal Processing Fee:

• This fee is charged by PayPal for processing the withdrawal request. It’s typically a fixed percentage of the transfer amount. As of February 20, 2024, the standard PayPal processing fee for withdrawing to mobile money wallets is 5%.
• However, there might be promotional offers or lower fees for specific regions or transfer amounts. Check the latest information on PayPal’s website or app before initiating the transaction.

2. M-PESA Receiving Fee:

• This fee is charged by Safaricom for receiving the funds into your M-PESA account. It’s usually applied as a flat fee per transaction.
• The current M-PESA receiving fee for withdrawals from PayPal is Ksh 49 for amounts up to Ksh 500, and increases for higher amounts. You can find the complete fee structure on the Safaricom website: https://querify.info/new-m-pesa-transaction-charges-plus-faqs/

3. Currency Conversion Fee:

• Since the transfer is from USD to KES, PayPal applies a currency conversion fee. This fee covers the cost of converting the funds from one currency to another.
• The conversion rate used and the associated fee are determined by PayPal at the time of the transaction. You can see the estimated exchange rate before confirming the withdrawal.

Example:

If you want to transfer $100 from PayPal to your M-PESA account:

• PayPal processing fee (5%): $5
• M-PESA receiving fee (for Ksh 500 or less): Ksh 49 (approximately $0.50)
• Currency conversion fee: Varies depending on the exchange rate at the time

Total estimated fees: $5.50 (plus any additional conversion fee based on the current rate).

Remember:

• Always check the latest fee information on both PayPal and Safaricom websites before initiating a transfer.
• Compare the total fees with alternative transfer methods to find the most cost-effective option for your needs.

I hope this clarifies the fees involved in transferring money from PayPal to M-PESA!

How do I top up my PayPal with M-PESA?

Unfortunately, directly topping up your PayPal account with M-PESA is not currently possible. As of February 20, 2024, the M-PESA service doesn’t have a feature for directly sending funds to international platforms like PayPal. However, there are alternative ways to achieve your goal of adding funds to your PayPal account using your M-PESA account:

1. Transfer from Your Bank Account:

• Link your Kenyan bank account to your PayPal account. Ensure your bank supports international transactions.
• Transfer funds from your M-PESA account to your linked bank account.
• Use your bank account balance to add funds to your PayPal account.
• This method might involve multiple steps and potentially bank transfer fees.

2. Partner Services:

• Safaricom M-PESA Global: This service allows you to convert Kenyan Shillings (KES) to other currencies through partnered money transfer services like MoneyGram, WorldRemit, Xoom, Skrill, Western Union, Ria Money Transfer and others.
• Send KES from your M-PESA account to one of these partners.
• Choose the option to receive the funds in USD/EUR or another currency supported by PayPal.
• Use the received funds to add to your PayPal account through their respective websites or apps.
• This method might involve conversion fees and limitations depending on the chosen partner.

3. Mobile Wallet Platforms:

• Explore if other international mobile wallets with USD support (like Zelle or Cash App) allow transfers to Kenyan mobile wallets like M-PESA through partnered money transfer services.
• Transfer funds from your M-PESA account to this mobile wallet.
• Use the funds in the USD-enabled wallet to top up your PayPal account.
• This method might involve multiple conversions and fees, with limited options and potential risks, so research thoroughly before proceeding.

Important Notes:

• Fees: Each method involves transaction and conversion fees. Compare options and choose the most cost-effective one for your situation.
• Limits: Transaction limits might apply depending on the chosen method and platforms involved.
• Research and Verification: Carefully research each method, considering security, reliability, and fees before committing your funds.
• Consider Alternatives: Explore other options like transferring funds directly from family or friends with international payment solutions if feasible.

Remember, choosing the best approach depends on your specific needs and priorities. Be mindful of fees, limitations, and security aspects before using any method for topping up your PayPal account with funds from your M-PESA account.

How long does it take to receive money from PayPal to M-PESA?

The time it takes to receive money from PayPal to your M-PESA account can vary depending on several factors:

Transaction Processing:

• Typically, processing the transaction on PayPal’s end shouldn’t take long, usually within a few minutes.

Safaricom M-PESA:

• Once PayPal completes the transaction, the funds need to be processed by Safaricom for M-PESA delivery. This usually takes around 2 hours to 3 calendar days, depending on the transaction value.

Other Factors:

• Weekends and holidays: Transactions initiated on weekends or holidays might experience delays due to processing schedules.
• Technical issues: Occasionally, technical issues on either platform could impact processing times.
• Verification procedures: In some cases, additional verification steps by either platform could delay the transfer.

Estimated Time:

Therefore, considering all factors, you can expect to receive the funds in your M-PESA account within 2 hours to 5 business days, with delays possible in some situations.

Here are some tips to track your transfer:

• PayPal: Check your PayPal transaction history for updates and estimated delivery times.
• M-PESA: You can use the M-PESA app or dial *334# on your phone to check your transaction history and see if the funds have arrived.
• Contact Support: If you haven’t received the funds after a reasonable waiting period (e.g., 5 business days), contact PayPal or Safaricom customer support for assistance.

Remember, the estimated timeframes are not guaranteed, and unexpected delays can occur. It’s always best to be patient and wait within a reasonable timeframe before contacting support.

How much does it cost to send 1000 via M-PESA?

The cost of sending 1000 Kenyan Shillings (KES) via M-PESA depends on the recipient’s registration status and whether you’re sending within Safaricom or to another mobile network operator:

Sending 1000 KES to:

• Registered M-PESA users (Safaricom and Pochi La Biashara): Ksh 13
• Non-registered M-PESA users: Ksh 47
• Mobile money users on other networks: Ksh 52

Therefore, to send 1000 KES within Safaricom or Pochi La Biashara, it will cost you Ksh 13. However, sending it to a non-registered M-PESA user or someone on another network will cost Ksh 47 or Ksh 52, respectively.

Here are some resources for further information:

• M-PESA Charges: https://querify.info/new-m-pesa-transaction-charges-plus-faqs/
• M-PESA Rates FAQs: https://querify.info/new-m-pesa-transaction-charges-plus-faqs/

I hope this clarifies the cost of sending 1000 KES via M-PESA!