Pesapal.com
How to Transfer Funds from Pesapal to Mpesa

How to Transfer Funds from Pesapal to Mpesa

On 2 October 2024
A

Convenience is crucial, especially when it comes to managing finances. Pesapal recognizes the needs of business owners and has developed innovative solutions to enable businesses to access their funds faster.

Pesapal enables businesses to effortlessly transfer funds from their account to M-Pesa via Openfloat, providing real-time access to their money whenever needed. This capability simplifies cash flow management and empowers business owners to make swift decisions without the delays that traditional banking might impose.    

Before we dive into the transfer process, let's quickly understand what Openfloat is. Openfloat is an e-wallet that allows businesses to withdraw funds from their Pesapal account to their mobile wallet. Openfloat is designed to simplify cash flow management by providing real-time access to your money. With a flat rate of Ksh 40 per transaction, regardless of the amount being transferred, Openfloat is not only convenient but also a financially savvy choice, making it cost-effective for your business. 

Step-by-Step Guide to Transfer Funds from Pesapal to Mpesa via Openfloat   

Step 1: Sign a settlement form authorizing funds to be transferred from Pesapal to Openfloat   

Step 2: On Openfloat, go to send money  

Step 3: Select make payment  

Step 4: Select mode of payment (Mpesa phone number/ Paybill or Till Number)  

Send money to Mpesa phone number.  

Step 1: Select the Mpesa number   

Step 2: Select the recipient phone number  

Step 3: Input the amount   

Step 4: Add remarks   

Note: A flat rate of Ksh 40 applies  

Send money to Paybill number.  

Step 1: Select Paybill number   

Step 2: Enter Business name   

Step 3: Add account number  

Step 4: Add recipient phone number   

Step 5: Insert amount   

Step 6: Add remarks   

Note: Flat rate of Ksh 40 applies   

Send money to Till number  

Step 1: Select Till number  

Step 2: Enter business name  

Step 3: Add recipient phone number   

Step 4: Input amount   

Step 5: Add remarks   

Note: Flat rate of Ksh 40 applies

Transfer Funds from Pesapal to Mpesa

Access your funds in real time

Get Started

   

Published In: Payments,How To's

Subscribe to our Blog