February 19, 2018

PayPal to Provide Kenya with Safer Online Payment Options

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By Nina Mulamba

Kenyans will now be able to make online payments to other countries thanks to the partnership between PayPal and MallforAfrica.

A more secure way has been offered by PayPal to make payments online thus helping protect people’s hard-earned income from potential danger. A research conducted by Ipsos shows that out of the approximately 26 million internet users in Kenya, 60% shop online or expect to shop online in the future. This means that the safety of online payment remains a significant concern.

The payment options offered by PayPal include providing an all-in-one online payment solution that does not require a merchant account. Their Website Payments Standard program lets you accept Visa, MasterCard, Discover, and American Express credit card payments as well as bank transfers and offer PayPal as well – with no monthly fees, setup or cancellation fees. PayPal charges you a fee of 1.9 to 2.9 percent of transaction plus 30 cents per order, depending on your company’s sales volume.

The PayPal option is an ideal payment solution for a business on a low budget that needs to get started with e-commerce quickly and easily.

Offering an upgraded version of Website Payments Standard called Website Payments Pro, where customers check out right on your site rather than on PayPal’s (currently available only in the U.S.).

They also offer a PayFlow Gateway and PayPal Express Checkout for businesses that already have Internet merchant accounts

When paying with PayPal online, all you need is your email address and password. You will enter your financial information once you have opened the account, which should never be shared with the seller.

“We know how important security and trust are for our customers when deciding to shop online. By offering customers payment options that are secure, we can reassure buyers and encourage online shopping” says Efi Dahan, PayPal Regional Director for Africa and Israel.

“This collaboration is key to unlocking the global marketplace for Kenyan consumers” says Dahan.

MallforAfrica shoppers can purchase a wide variety of products ranging from clothing to jewelry to electronics from the best retailers in the world such as Macy’s, Bebe, Carter’s, Juicy Couture and Zappos.

“We are thrilled to collaborate with PayPal, said Chris Folayan, CEO and founder of MallforAfrica. “We pride ourselves in offering a seamless experience for both our customers and retail partners and couldn’t be happier with adding PayPal as a payment option.”

This collaboration will see Kenya receive the best and more secure way of paying and receiving money online.

“The cooperation with MFA is a great win as this further entrenches us in the key markets in Africa such as Kenya. Our aim to provide the best and more secure way of paying and receiving money online and we are proud of this association,” said Dahan.

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