PAYPAL TO EQUITY BANK WITHDRAWAL SERVICE

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For many freelancer and bloggers here in Kenya, it has been a nightmare transferring your money from Paypal to a bank account here in Kenya. Recently Equity Bank Group launched the epal service,where it cooperates with First National Bank (FNB) in the United States and so you do not have to worry about opening an account as what Paypal demanded earlier. The only demerit is that you have to be an Equity bank customer and be operating an account with them since they will be accessing your database to verify your details.So what are the steps to withdraw from your Paypal to equity bank account?

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1#:  Visit the Equity Bank website and select the Equity Bank PayPal Withdraw Service link on your left side. From there, you will be redirected to the Equity Bank PayPal withdraw service website.On the PayPal Withdraw Service Landing page select the ‘Withdraw from PayPal’ menu option.


2#: On the customer Type selection page you will need to choose either “Individual (for me)” or “Business”


3#: Enter your Equity Bank account number and select the “Submit” button. Please ensure that the nominated account is registered in the individual or personal capacity performing the transaction and that you are authorized to transact on the account.


4#: A One Time Pin (OTP) will be sent to the cell phone number and/or email address as per the Equity Bank contact details for the nominated account. Which you must be able to access at that time since the expiry time for the OTP is ten minutes.


5#: Complete the information on the Personal Details / Business Details page. The Withdraw amount must be in $ USD since Kenyan shilling is not yet supported by Paypal. View the quote and accept the terms and conditions.


6#: Review the information displayed on the confirmation screen and click on the “confirm” button to proceed with transaction.


7#: You will be redirected to PayPal’s website, where you need to login to the specified PayPal account and confirm the transaction.


8#: Once the transaction has been confirmed, you will be redirected back to the Equity Bank PayPal withdraw services page.


9#: On the results page you will see the transaction status and the transaction reference number.


10#: Click on the ‘Finish’ button to complete the process.Your Equity Bank account will be credited with the net amount due to you after all fees have been deducted within 8 business days.

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This service has surely lessened my worries of trusting the previous methods like Paypal to Mpesa since I was putting my trust on somebody I have never met and the likelihood of being conned was high. So for all Kenyan Freelancers and bloggers alike, this is the best option since you are in control of your finances and your personal details. If you have used another service please leave a comment below and we can review it together!!

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