PayPal withdrawal service on Equity Mobile App and Equity Online

PayPal withdrawal service on Equity Mobile App and Equity Online

PayPal is the safer, easier way to pay and get paid online. It is a payment service that enables you to accept payments, pay for goods and services and send or receive money anywhere in the world without revealing your full financial information. A withdrawal from PayPal takes 1 business day to reflect in your Equity Bank account.

For more details and transactions visit https://www.paypal.com/ke/home

PayPal withdrawal service is now available on Equity Mobile App and Equity Online

You can now withdraw money from your PayPal account into your Equity account as you enjoy access to banking services from one platform.

Registration is easy, simply click below to download the Equity Mobile App or log onto Equity Online to link your PayPal account and get started.

Frequently Asked Questions

1. What Is PayPal?

It is a payment service that enables you to accept payments, pay for goods and services and send or receive money anywhere in the world without revealing your full financial information. You can process your payments from PayPal directly to your Equity bank account using our efficient Equity online and Equity mobile platforms. 

2. How to Open and Verify Your PayPal Account (by linking card)

You can Open a personal or business PayPal account for free by clicking on the Sign Up button at https://www.paypal.com/ke. An email confirmation will be sent to the email address provided. 

Upon successful creation, you will be required to Verify your PayPal account. You need to have a funded Equity debit/credit card. Fill in the card details then click verify and confirm. (Amount $1.95 to be deducted then refunded back upon successful verification).  

In the statement reference for this transaction there will be a four-digit security code that you will need to enter on your PayPal account in order to complete the verification process.  

You may also access the code from Transaction SMS notification or you can Contact +254763063000 or info@equitybank.co.ke to get the code. 

3. What Are PayPal Limits, Withdrawal Duration & Fees?

Money paid into your PayPal accounts reflects in a few minutes. PayPal to Equity account withdrawal limit is USD 10,000 per transaction. It takes one business day for the withdrawal transaction to process into your Equity account. See withdrawal fees on table below 

Withdrawal Amount  (USD) 

500 and below 

501 – 1,000 

1001-2000 

2001-5000 

Above 5000 

Fee 

1.5% 

1.375% 

1.25% 

1.125% 

1% 

4. How to Receive and Pay on PayPal

To receive funds in PayPal, you will require sharing registered email address, sending an invoice to your customer or having them pay using PayPal check out option from your website. 

You can pay for goods and services using PayPal by linking your credit or debit card to your PayPal account and selecting linked card as the payment method when shopping with merchants or service providers that accept PayPal. 

5. How to Link my PayPal Account or Withdraw Funds from PayPal

The Equity Bank Withdraw Service with PayPal allows you, a Kenyan PayPal account holder, to withdraw funds paid into your PayPal account to your Equity Bank account. The Withdraw service is exclusive to Equity Bank customers, and is accessible using Equity Online and Equity Mobile App.
Paypal Withdrawal Process Flow 

6. Why Use PayPal on One Equity

Here is why you should use PayPal on One Equity platforms:

  1. Safe, secure, and efficient means of payment 
  2. A considerate withdrawal limit of up to USD10,000 per transaction 
  3. Reduced withdrawal timeline of one business day. 
  4. Access other benefits of transacting with your bank account eg Eazzy Loans
  5. Efficient 24-hour support
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