PayPal in recent years has become one of the basic online money transfer account. Here in Kenya PayPal is still used by most freelancers to transfer money to Kenya. The best way to get your payment to Kenya is by use of equity bank’s PayPal withdrawal service. But that takes an average of 7-8 days for your payment to reflect on your equity bank account.
How do I withdraw cash from PayPal to M-pesa?
As of the writing of this article there is no official way to withdraw from PayPal to mpesa. The lack of a direct PayPal to M-pesa has prompted the rise of informal agents who can successfully deposit the funds to your M-Pesa account in a matter of minutes. Some agents can even deposit your funds to your personal bank account within the specified time.
So you ask yourself how this is possible. First you will need contact an agent who you will transact with. (Identifying a reliable agent is crucial as this is a risky transaction where an agent can con you your hard earned cash) You can get an agent easily on face book freelance groups in Kenya such as this one awesome transcriber Kenya.
Once you have an agent to transact with She/he will send will provide you with an email where you will send the cash. Other agents will send invoices. Once the agent confirms you have sent the payment she/he will finish the transaction by depositing the funds to your account via mpesa or any other means agreed upon.
Are PayPal to Mpesa agents reliable?
To answer this question with a yes would be a Big lie. This depends with the agent you are transacting with; Most I have transacted with have proved reliable sending me the payment to my Mpesa account immediately after they have confirmed the payment has occurred.
If you happen to bump upon a conman please make other people aware of his/her actions to avoid other people from being conned. You can recover your cash by opening a dispute with PayPal although most people never get refunds because these con-men are intelligent enough to provide smart responses to PayPal.
Before an official way to withdraw money from PayPal to Mpesa is introduced you can safely withdraw your money to your equity bank or use PayPal to mpesa agents who charge small commissions but you get your monies immediately. You can get a list of trusted PayPal to mpesa agents in the awesome transcriber group on Facebook.
Labels: Daily-tips
