The two companies have created mobile money service to integrate their services.
I’ve also looked into the process on how to use PayPal Mobile Money Service with M-Pesa, like how to transfer money between the platforms.
M-Pesa to PayPal In 2022
If you are using PayPal mobile money service in Kenya with M-Pesa, you must have two accounts in the two systems. You can link these accounts by transferring money from PayPal to M-Pesa. When you receive money into your M-Pesa account via the mobile money service, you can now use the money in your PayPal account.
How to transfer money from PayPal to M-PESA
If you would like to transfer money from PayPal to M-PESA, you will need to login to your PayPal account, and then go to the “Account Settings” link at the bottom of the screen.
Can I Transfer Money from M-Pesa to PayPal?
You can transfer money from PayPal Mobile Money to M-Pesa and vice versa. If you are a PayPal user, and you are in Kenya, you can send money to a M-Pesa account, and if you are a M-Pesa user, you can send money to your PayPal account. If you are neither, they both can be your bank accounts, so you can transfer money between them.
In order to transfer money to the PayPal account from M —
P — e, you need to have your PayPal account. In order to do that, you
need to register for a PayPal account. After that, you need to create
a M-P — e account with your PayPal e-mail address that you use to
receive your funds.
To be able to withdraw money from your M-Pesa account, you have to link your account to your PayPal and vice versa.
Go to Paypal’s website, and follow the instructions to create an account.
Once you are connected to PayPal Mobile Money service, you can transfer money between your bank accounts and PayPal accounts.
The company has to enable the option in its PayPal account. When you enable the option, the amount of money you can transfer to it will get automatically added to your account balance.
If your PayPal balance is not in USD it will be automatically toped up to your PayPal account.
When you have a PayPal account, it’s usually processed in real-time. However, it can take up to 4 hours.
If you do not have a M-Pesa account, you can open one by downloading the M-Pesa
application from Google App or Apple App store. You can also read more about the M-Pesa application
and how to integrate it with your account on our website.
Please note that for a M-Pesa account to be linked to your PayPal account, you have to have an
active M-Pesa account.
How Long Does It Take to Transfer Money from M-Pesa to PayPal?
If you send money to M-Pesa then you have to send an SMS for verification. This is called a ‘Dale-O-Matic’. Sending a SMS takes around 2 hours to a day and then the money is deposited into your M-Pesa account.
I have a transaction that cost about 2 USD, but it took several hours to process.
Moreover, once the transaction is complete, you will be shown the status of the transaction within the blockchain in real time. This helps you to be sure that you have transferred the desired amount of UEM to your smart contract address.
However, there is a good news about PayPal’s top-up. It can be done in around 30 seconds.
How Much Does It Cost to Send Money from M-Pesa to PayPal?
To withdraw money from PayPal to M-Pesa it will cost 3% of the total amount and this transaction will require a confirmation from a Paypal customer representative.
If you are using your card to pay for things, you are paying 4% of the total amount you are using your card.
If you want to learn more about Metamask to PayPal and interesting PayPal statistics, you can also read our posts on Metamask to PayPal, interesting PayPal statistics, interesting PayPal statistics, and PayPal to Credit Card.
Conclusion
PayPal and M-Pesa have created a service that lets users of both platforms to transfer money between the two and pay their rent.
1. A normal transfer is a transfer of money from one account to another account (e.g. from your Bank Savings Account to your Current Account).
The process is quite slow and could take hours to process. It is also not simple to transfer money directly from PayPal to M-Pesa, taking up to three days. You need to have a bank account to transfer to M-Pesa and a debit or credit card to use PayPal. This means that customers have to pay twice.
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