Open a PayPal Account in Kenya: The Ultimate Guide
PayPal is a widely recognized online payment platform
that offers a safe, secure and efficient way of sending and receiving money
online. It is a popular payment option for businesses and individuals all over
the world, and Kenya is no exception. In this guide, we will take you through
the process of opening a PayPal account in Kenya.
·
Requirements for opening a PayPal account in
Kenya
·
Steps to open a PayPal account in Kenya
·
How to verify your PayPal account in Kenya
·
Linking your M-Pesa to your PayPal account in
Kenya
·
Transaction limits and fees for PayPal
accounts in Kenya
·
Alternative payment platforms in Kenya
·
Conclusion
Requirements
for opening a PayPal account in Kenya:
To open a PayPal account in Kenya, you will need the
following:
• A valid email address
• A valid Kenyan national ID or passport
• A debit or credit card issued by a Kenyan bank
• Access to a reliable internet connection
• Personal information, including your name, address, and
phone number.
Steps
to open a PayPal account in Kenya:
Follow these simple steps to open a PayPal account in
Kenya:
1. Visit
the PayPal website and click on the ‘Sign Up’ button.
2. Select
‘Kenya’ as your country of residence and ‘Kenyan Shilling’ as your preferred
currency.
3. Choose
whether you want to open a personal or business account.
4. Fill
in your personal information, including your name, address, and phone number.
5. Create
a strong password that is easy to remember but difficult for others to guess.
6. Link
your Kenyan debit or credit card to your PayPal account.
7. Confirm
your email address by clicking on the verification link sent to your email.
8. Verify
your PayPal account by uploading a copy of your Kenyan national ID or passport.
9. Once
your account is verified, you can start using your PayPal account to send and
receive money.
How
to verify your PayPal account in Kenya:
In order to verify your PayPal account, follow these
steps:
1. Log
in to your PayPal account and click on ‘Get Verified’.
2. Upload
a scanned copy of your Kenyan national ID or passport.
3. PayPal
will review your documents, and once verified, your account status will be
updated.
Linking
your M-Pesa to your PayPal account in Kenya:
In order to link your M-Pesa to your PayPal account,
follow these steps:
1. Log
in to your PayPal account and click on ‘Link a bank account’.
2. Select
‘M-Pesa’ as your bank and enter your M-Pesa phone number.
3. You
will receive a verification code on your phone, enter it on the PayPal website
to complete the linkage.
4. Your
M-Pesa account is now linked to your PayPal account, and you can start
transferring funds between the two accounts.
Transaction
limits and fees for PayPal accounts in Kenya:
PayPal imposes transaction limits and fees on accounts in
Kenya. The transaction limit for unverified accounts is $500 per month, while
verified accounts have a transaction limit of $10,000 per transaction. PayPal
also charges a transaction fee of 4.4% + $0.30 per transaction.
Alternative
payment platforms in Kenya:
Apart from PayPal, there are other payment platforms
available in Kenya, such as M-Pesa, Skrill, and Payoneer. These platforms offer
different services and transaction fees, and it is essential to research and
compare before deciding which platform to use.
In conclusion, PayPal is a convenient and reliable way to
send and receive money online in Kenya. By following the steps outlined in this
guide, you can easily open and verify a PayPal account in Kenya, link it to
your M-Pesa account, and start transacting securely. Be sure to stay within the
transaction limits and be aware of the associated transaction fees to avoid any
unexpected charges. With this knowledge, you can confidently use PayPal to
conduct online transactions with ease.
Frequently
asked questions about opening a PayPal account in Kenya
1. Q: Is it free to open a PayPal account
in Kenya?
A:
Yes, it is free to open a PayPal account in Kenya. However, there is a
transaction fees and limits that apply to PayPal accounts in Kenya.
2. Q: What documents do I need to open a
PayPal account in Kenya?
A:
To open a PayPal account in Kenya, you need a valid email address, a Kenyan
national ID or passport, a debit or
credit card issued by a Kenyan bank, and personal information such as your
name, address, and phone number.
3. Q: Can I use a foreign credit card to
link to my PayPal account in Kenya?
A:
No, you cannot link a foreign credit card to your PayPal account in Kenya. You
can only link a debit or credit card issued by a Kenyan bank.
4. Q: How long does it take to verify a
PayPal account in Kenya?
A:
The verification process for a PayPal account in Kenya typically takes 1-2
business days.
5. Q: What is the transaction limit for
unverified PayPal accounts in Kenya?
A:
The transaction limit for unverified PayPal accounts in Kenya is $500 per
month.
6. Q: Can I link my M-Pesa account to my
PayPal account in Kenya?
A:
Yes, you can link your M-Pesa account to your PayPal account in Kenya. Follow
the steps outlined in this guide to link your M-Pesa account to your PayPal
account.
7. Q: Are there any fees associated with
linking my M-Pesa account to my PayPal account in Kenya?
A:
No, there is no fees associated when linking your M-Pesa account to your PayPal
account in Kenya.
8. Q: What is the transaction fee for
PayPal accounts in Kenya?
A:
PayPal charges a transaction fee of 4.4% + $0.30 per transaction for accounts
in Kenya.
9. Q: Can I use PayPal to make
international transactions from Kenya?
A:
Yes, you can use PayPal to make international transactions from Kenya. However,
be aware that there may be additional fees and currency conversion rates that
apply.
10.
Q:
Can I use PayPal for business transactions in Kenya?
A:
Yes, you can use PayPal for business transactions in Kenya. However, there are
additional features and fees that apply to PayPal business accounts. Be sure to
research and compare before deciding which account type to use.
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