In Kenya, it has always been a challenge to withdraw funds from PayPal. But since the partnership between Equity Bank and PayPal, Kenyans who have PayPal accounts were able to send and withdraw funds from PayPal to Equity Bank.
However, there has been challenges that users have experienced especially the duration of how long it usually takes for money to be processed from PayPal to Equity Bank account. Well, it seems that issue has been addressed as Equity Bank has just announced that they can now process its customers’ withdrawal transactions within 3 business days, down from the previous 8 business days.
This enhanced service offering from PayPal and Equity Bank will help to nurture the immense opportunities for cross border commerce offered to Kenyan merchants who trade online. Equity Bank chose PayPal as a partner for this endeavour because of the bank’s commitment to offering cutting edge and industry tested solutions for services such as mobile banking, online banking, agency banking, mobile money transfer and online payments systems. Both companies are committed to making Kenya a key player in the global digital marketplace.
PayPal allows Kenyans to make payments and receive money locally and internationally without sharing their financial information with the sellers. Now, with the improved withdrawal service, Equity Bank customers using PayPal can withdraw funds within a shorter processing period.