There finally seems to be a legitimate, trustworthy way for Kenyans in Kenya to access their PayPal money quickly and easily: PayMPESA.
In case you are new here, some time last year PayPal did us a favour and made it possible to maintain a PayPal balance with a “Kenyan” PayPal account. This meant that we could finally receive money via PayPal in Kenya. However, withdrawing that money turned out to be a whole other story. Why? Because PayPal has no relationship (currently) with local banks. They need this in order to allow “Kenyan” PayPal accounts the ability to withdraw to a local, Kenyan, bank account. In plain English, this means that you can have money in PayPal but you cannot take it out.
The only way to take it out – and this is what PayPal themselves recommend – is to withdraw to a US bank account. Unfortunately, not many Kenyans have one so this is a very real and very serious problem when it comes to dealing with PayPal from Kenya.
Until now. With PayMPESA, all you have to do is to deposit your PayPal funds with them, and they will send it to you in Kenya via MPESA. Nice, eh? I think they are onto something very, very lucrative here and I wish them massive success.
Have you tried it yet? What do you think?