Think of it this way. I'm a Kenyan and I want to withdraw through Paypal, so I take a trip to London and open an account with XYZ bank in London, and have a visa card attached to it. I then tell the bank that I will be using the VISA card on international ATM's POSs etc. I also open up (or update) my Paypal account to confirm the bank for withdrawals and so on and so on. I then take the 8 hour flight back to Nairobi with visa card on hand.
From then whenever i want to withdraw i just "push" to my UK bank account which i can withdraw from any visa ATM here in Kenya.
Now parter that bank with a bank here; so that it can issue visa cards on behalf of the UK bank (long distance agency banking) (look closely at the BIN of the card), DTB is here to make the CBKs here happy, and as they always say, talk to a bank, if they are happy we are happy since we regulate them. and there you have it On 14 August 2012 11:13, TheMburu George <themburu@gmail.com> wrote:
So who is powering the technical aspect of it?
./TheMburu
On Mon, Aug 13, 2012 at 1:51 PM, Jangita Nyagudi <jangita.nyagudi@gmail.com> wrote:
Nationhela accounts (where the money actually sits) are not in any Kenyan bank account. Think of it as an international visa card.
On 13 August 2012 13:01, Mark Mwangi <mwangy@gmail.com> wrote:
Killer solution this. I think this solves problems for all those who use paypal. But how is dtb using paypal if kenya is blacklisted?
On Mon, Aug 13, 2012 at 11:20 AM, steven maina <ndungustephenm@gmail.com> wrote:
nmg have just launched a international remittance service called nationhela that sends to and receives from paypal. it might be what you are looking for. checkout it out at nationhela.com
On Mon, Aug 13, 2012 at 10:41 AM, <steve@sobbayi.com> wrote:
It is not really a Blacklisting issues, its a variety of factors that are preventing withdrawals in Banks in Kenya (and other countries) such as:
1. Federal (US) Regulations, read Patriotic Act/Post 911 Terrorism policies/Money Laundering/Fraud etc. Unfortunately Kenyan policies might not subscribe to these. Anyway, I wont go into these details.
More importantly is...
2. Paypal's inability to verify the address hence the identity of the account holders (In Kenya P.O. Boxes are used which is a Big no no). This is important because If anything goes wrong (read fraud) during a transaction and Paypal needs to issue a refund to the victim (assuming the money was promptly withdrawn), it will be a bit tricky for them to deal with a foreign banks. So Paypal is a little strict on who they allow to withdraw funds
So in short there is a lot that needs to be ironed out policy wise before Paypal and its insurers put themselves at risk dealing with foreign users who cannot be reliably verified.
Having a US bank account gives this verification and that is why you can comfortably withdraw to a US bank account if you can verify you have one.
I hope this answers this issue of Paypal that keeps coming up on this list over and over and over...
I think you get the picture.
Blacklisted how? And you can actually use the money in your Bank account via a debit/credit card to pay for a transaction via Paypal. Have they just blacklisted receiving money?
On Sun, Aug 12, 2012 at 4:51 PM, Sham Kanji <shamhad@kanji.ca> wrote:
> From what I understand, Kenyan banks are all blacklisted by PayPal. > **** > > ** ** > > *From:* skunkworks-bounces@lists.my.co.ke [mailto: > skunkworks-bounces@lists.my.co.ke] *On Behalf Of *Martin Gicheru > *Sent:* Saturday, August 11, 2012 11:19 AM > *To:* Skunkworks Mailing List > *Subject:* Re: [Skunkworks] PayPal Withdrawal**** > > ** ** > > Wewe Bernard you had a promise you made to us on this item.**** > > On Sat, Aug 11, 2012 at 9:12 AM, Moses Ekbote <moses1977@gmail.com> > wrote: > **** > > Hello skunks**** > > Any update on PayPal withdrawals through a local bank? > > Sent from my iPad**** > > > On Aug 3, 2012, at 13:51, Boniface <mboteb@gmail.com> wrote:**** > > Bernard, > > Did the bank that was to offer Paypal withdrawals commence those > services. > Am sure some skunks including me would like to be in the know. > > /Bonz**** > > On Thu, Jun 7, 2012 at 1:14 PM, bernard kioko <bernsoft@gmail.com> > wrote:* > *** > > Hi all, > > I do not have a solution at this point except am aware through > very > reliable means that a local bank will soon offer Paypal withdrawals > and > that should sometime later this month. > > Bernsoft is an appointed technical integration partner for Paypal. > > Regards**** > > > > **** > > On Thu, Jun 7, 2012 at 12:20 PM, Martin Gicheru > <martin@techweez.com> > wrote:**** > > I have been reduced to be relying on the web hosting and domains > money > instead, we are a webhost company infoken.co.ke and our server is > histed > in the US, use the dollars in paypal to pay for those services and > refund > myself, its cheaper but dependent on those factors to work, not > very > reliable.**** > > On Jun 7, 2012 8:26 AM, "Peter Karunyu" <pkarunyu@gmail.com> > wrote:**** > > While we all wait for Bernsoft to cut through the thick mesh of > bureaucratic red tape, here is the method that works for me... > > When I receive the funds in my paypal, I send them to a "contact" > of > mine > in US who then withdraws the same into his bank account there, then > sends > the monies to me via Mpesa or Moneygram. Mpesa is usually faster > since > he > can do it from his phone wherever he is, but it is more expensive > since > he > is charged to send and I am charged to withdraw. Moneygram is > cheaper > and > instant, but he has to find a Moneygram depot to send from so it is > a > bit > slower. Withdrawing from Paypal to bank account takes about 3 days. > > On average, I lose about $10 to $50 due to all those middlemen. The > more > I > send, the more I lose. I lose even more if I am converting from one > currency to another. But it is a price I have to bear. > > Bottomline: It can be done but it is expensive. > > **** > > On Wed, Jun 6, 2012 at 4:54 PM, Martin Gicheru > <martin@techweez.com> > wrote:**** > > So how does Bernsoft work, I havent ever succeeded getting my money > off > paypal. > What does one require to do to achieve this? > Martin Gicheru > Techweez**** > > On Jun 6, 2012 1:06 PM, "bernard kioko" <bernsoft@gmail.com> > wrote:**** > > Bernsoft is an official Paypal Integration Partner.**** > > On Tue, Jun 5, 2012 at 4:08 PM, Mickey Mickey > <michaelakunga@gmail.com> > wrote:**** > > You know this how, please confirm your sources**** > > > > **** > > On Tue, Jun 5, 2012 at 3:44 PM, bernard kioko <bernsoft@gmail.com> > wrote:* > *** > > Hi all, > > Later on this month, Paypal will launch a withdrawal process > through > one > or more of the local banks. > > Regards**** > > > > > > **** > > On Tue, Jun 5, 2012 at 3:19 PM, Peter Matogo <pmatogo@gmail.com> > wrote:*** > * > > I'd recommend the MasterCard from CFCStanbic. > when applying for the card be sure to inform them that you intend > to > do > this.**** > > On Tue, Jun 5, 2012 at 2:01 PM, Tony Likhanga <tlikhanga@gmail.com> > wrote: > **** > > *2012/6/5 Peter Matogo <pmatogo@gmail.com>***** > > *One solution would be to get a credit card from one of the local > banks. > You will automatically get an account with the bank. The account > can > be > either a Ksh account or a dollar account. You will then be able to > transfer > funds between your Paypal account and your bank account.***** > > > @Peter, do you know anyone who has successfully done that? **** > > ** ** > > _______________________________________________ > Skunkworks mailing list > Skunkworks@lists.my.co.ke > ------------ > List info, subscribe/unsubscribe > http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks > ------------ > > Skunkworks Rules > http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 > ------------ > Other services @ http://my.co.ke**** > > > > > -- > skype: peter.matogo > > _______________________________________________ > Skunkworks mailing list > Skunkworks@lists.my.co.ke > ------------ > List info, subscribe/unsubscribe > http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks > ------------ > > Skunkworks Rules > http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 > ------------ > Other services @ http://my.co.ke**** > > ** ** > > > _______________________________________________ > Skunkworks mailing list > Skunkworks@lists.my.co.ke > ------------ > List info, subscribe/unsubscribe > http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks > ------------ > > Skunkworks Rules > http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 > ------------ > Other services @ http://my.co.ke**** > > > > > -- **** > > MICHAEL A. AKUNGA > Cell No: (+254) ( 0) 726 174 815 > E-Mail: michaelakunga@gmail.com > michaelakunga@yahoo.com > Blog: http://michysoft.blogspot.com > Skype: michaelakunga > > **** > > > _______________________________________________ > Skunkworks mailing list > Skunkworks@lists.my.co.ke > ------------ > List info, subscribe/unsubscribe > http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks > ------------ > > Skunkworks Rules > http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 > ------------ > Other services @ http://my.co.ke**** > > > > _______________________________________________ > Skunkworks mailing list > Skunkworks@lists.my.co.ke > ------------ > List info, subscribe/unsubscribe > http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks > ------------ > > Skunkworks Rules > http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 > ------------ > Other services @ http://my.co.ke**** > > > _______________________________________________ > Skunkworks mailing list > Skunkworks@lists.my.co.ke > ------------ > List info, subscribe/unsubscribe > http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks > ------------ > > Skunkworks Rules > http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 > ------------ > Other services @ http://my.co.ke**** > > > > > -- > Regards, > Peter Karunyu > ------------------- > > > _______________________________________________ > Skunkworks mailing list > Skunkworks@lists.my.co.ke > ------------ > List info, subscribe/unsubscribe > http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks > ------------ > > Skunkworks Rules > http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 > ------------ > Other services @ http://my.co.ke**** > > > _______________________________________________ > Skunkworks mailing list > Skunkworks@lists.my.co.ke > ------------ > List info, subscribe/unsubscribe > http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks > ------------ > > Skunkworks Rules > http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 > ------------ > Other services @ http://my.co.ke**** > > ** ** > > > _______________________________________________ > Skunkworks mailing list > Skunkworks@lists.my.co.ke > ------------ > List info, subscribe/unsubscribe > http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks > ------------ > > Skunkworks Rules > http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 > ------------ > Other services @ http://my.co.ke**** > > ** ** > > _______________________________________________ > Skunkworks mailing list > Skunkworks@lists.my.co.ke > ------------ > List info, subscribe/unsubscribe > http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks > ------------ > > Skunkworks Rules > http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 > ------------ > Other services @ http://my.co.ke**** > > > _______________________________________________ > Skunkworks mailing list > Skunkworks@lists.my.co.ke > ------------ > List info, subscribe/unsubscribe > http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks > ------------ > > Skunkworks Rules > http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 > ------------ > Other services @ http://my.co.ke**** > > > > **** > > ** ** > > -- **** > > Regards,**** > > Martin Gicheru|Business Development|Techweez Solutions**** > > Email ID: martin@techweez.com | Tel:254721906171 | Website: > http://www.techweez.com |**** > > Skype ID: martingicheru | Twitter ID:martingicheru | Gtalk: > martin@techweez.com**** > > ** ** > > ** ** > > _______________________________________________ > Skunkworks mailing list > Skunkworks@lists.my.co.ke > ------------ > List info, subscribe/unsubscribe > http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks > ------------ > > Skunkworks Rules > http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 > ------------ > Other services @ http://my.co.ke >
--
Regards,
Martin Gicheru|Business Development|Techweez Solutions
Email ID: martin@techweez.com | Tel:254721906171 | Website: http://www.techweez.com |
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