So you have finally begun working online and are excited about your first pay. Next thing you want to know is how the money in your online account (Paypal, Skril e.t.c) can be transferred to your local bank account, or your MPESA.

Withdrawing Money from online accounts Skrill, Paypal, to Your Bank or Mpesa
Withdrawing Money from online accounts Skrill, Paypal, to Your Bank or Mpesa/Photo

 

 

Skrill

 

This site allows you to withdraw money to your bank account, Payoneer MasterCard or your MPESA. Of the three ways, withdrawing to your bank account it the easiest and it will cost you 600Ksh. It is advisable for you to withdraw money that is above 5000Ksh, so as to cover up for the withdrawal fee.

When signing up, you will need to set up your profile and include your Kenyan bank. You will need to ask your bank for a SWIFT code which is used to set up your account. Once you enter the code, then you can start withdrawing money.

You can include your MPESA details in a section titled mobile wallets. When you withdraw using this method, you will have the money in your MPESA within an hour.

PayPal

If you are already working online, then chances are that you already have a PayPal account, but if not, you will need to sign up for one. Most freelancing sites require for you to have a PayPal account, so all you have to do is withdraw the funds to your account. Once they are in your PayPal, it takes anywhere between 3 to 5 working days for the funds to made available in your bank account. With Equity, you can expect to have the cash in your account after 3 business days.

 

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Bank Transfer

This is also an option, especially if you have a large amount of money that is larger than $800. You can make a request to your freelance site to withdraw the money to your local bank account. You can have the money in 2-3 days.

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