Mobile money services have become increasingly popular in recent years, with M-PESA being one of the most widely used mobile payment systems in Kenya and other African countries.
PayPal, on the other hand, is one of the most popular global online payment systems.
If you’re looking to transfer funds from M-PESA to PayPal, you may be wondering how to do it.
In this article, we will explore step-by-step instructions on how to deposit money from M-PESA to PayPal, so you can easily send and receive funds between these two payment platforms.
What is PayPal and how does it work?
PayPal is an online payment system that allows people to make and receive payments electronically.
It was founded in 1998 and has since become one of the most popular online payment systems in the world.
To use PayPal, you need to sign up for an account on the PayPal website. Once you have an account, you can link your PayPal account to your bank account or credit card.
You can then use PayPal to make purchases online, send money to friends and family, or receive payments from other people.
When you use PayPal to make a payment, the money is transferred from your PayPal account to the recipient’s PayPal account.
If you have linked your PayPal account to your bank account or credit card, PayPal will automatically withdraw the necessary funds from your account or charge your credit card.
One of the advantages of using PayPal is that it is a secure way to make online payments.
It uses advanced encryption technology to protect your personal and financial information, so you can feel confident that your transactions are safe.
How to deposit from M-PESA to PayPal
- Log into your PayPal mobile money account.
- Click Top Up to PayPal.
- Scroll to the bottom of the screen.
- Enter the US$ amount you want in your PayPal and then click Calculate to get the KES amount you need to transfer from your M-PESA.
- Go to your M-PESA menu and select Lipa na M-PESA.
- Select PayBill.
- Enter 800088 as the PayPal business number.
- Enter the Safaricom phone number you used to connect your PayPal to M-PESA as the account number.
- Enter your M-PESA PIN and hit Send.
How to link PayPal and M-PESA
To link PayPal and M-PESA follow these steps;
- Log in to your PayPal account
- Enter your M-PESA account phone number.
- You will receive a 4-digit verification code in the mobile number registered with M-PESA.
- Enter the code for confirmation and successful account linking.
FAQ
Can I deposit money from M-PESA to PayPal?
Yes, it is possible to deposit money from M-PESA to PayPal, although the process can be a bit complicated.
What do I need to deposit money from M-PESA to PayPal?
To deposit money from M-PESA to PayPal, you will need an active M-PESA account and a PayPal account that is registered in Kenya.
How do I link my M-PESA account to my PayPal account?
To link your M-PESA account to your PayPal account, you will need to follow these steps;
- Log in to your PayPal account
- Click on “Wallet” in the top menu
- Click on “Link a card or bank”
- Select “Link a bank account”
- Enter your M-PESA mobile phone number as the account number
- Follow the prompts to confirm your details and complete the linking process
How do I deposit money from M-PESA to PayPal?
To deposit money from M-PESA to PayPal, you will need to follow these steps;
- Go to the M-PESA menu on your mobile phone and select “Lipa na M-PESA”
- Select “Pay Bill” and enter the PayPal Business Number: 800088
- Enter your PayPal account number as the account number
- Enter the amount you wish to deposit
- Enter your M-PESA PIN and confirm the transaction
- Wait for a confirmation message from both M-PESA and PayPal that the transaction was successful
Is there a fee for depositing money from M-PESA to PayPal?
Yes, there is a fee for depositing money from M-PESA to PayPal. The fee varies depending on the amount you wish to deposit and the current exchange rate. It is advisable to check the current fees before initiating the transaction.
How long does it take for the deposited money to reflect in my PayPal account?
It can take up to two business days for the deposited money to reflect in your PayPal account.
Can I withdraw money from my PayPal account to M-PESA?
No, it is not currently possible to withdraw money from your PayPal account to M-PESA.
Conclusion
Depositing money from M-PESA to PayPal is a simple and convenient process that can be completed in just a few easy steps.
By following the guidelines outlined in this article, you can easily transfer funds from your M-PESA account to your PayPal account and start making online payments and purchases worldwide.
It is important to note that while this process may incur some transaction fees, the convenience and security it provides makes it a worthwhile investment for anyone looking to expand their online payment options.
