How to Send Money Directly from PayPal into EcoCash USD Wallet

EcoCash is a Zimbabwe’s largest mobile phone-based money transfer, financing and microfinancing service, the latest announcement came from their spokesperson revealing that PayPal holder can now send money directly into an EcoCash account, Pindula News reveal.

PayPal Inc is an American multinational financial technology company operating an online payments system that serves as an electronic alternative to traditional paper methods such as checks and money orders. The company operates as a payment processor for online vendors, auction sites and many other commercial users, for which it charges a fee.

It has been impossible in the past for people based in Zimbabwe to receive money via PayPal

EcoCash has announced that it has partnered with PayPal for users in Zimbabwe to receive international remittances through its existing partnership with global cross-border remittance giant Thunes.

“Leveraging our Hub partnership with Thunes, we are excited to add Xoom, a PayPal money transfer service, to our growing number of remittance partners to Zimbabwe,” .

EcoCash spokesperson

The name Thunes is one we have heard before from EcoCash’s sister company Steward Bank, which late last year announced that it had added it to its network of remittance partners. If that arrangement has bled into this one is something we cannot be sure of, but one can wonder.

At any rate, this means any Zimbabweans in the diaspora with a PayPal account will now be able to send funds directly to the EcoCash USD wallet.

“Anyone with a PayPal account can now simply logon to the Pay Pal Xoom service, using their PayPal credentials, and be able to instantly send money to their family or friends on EcoCash USD wallet from wherever they are around the world,”

EcoCash Spokesperson

For those in the diaspora, Xoom charges US$9.99 for transactions up to US$599 and US$12.99 for transactions above that if it’s for cash pick up. There is also a mobile money fee, which on the Xoom fee calculator, stays at US$5.99 even up to US$1,000.

To receive PayPal transfers directly into an EcoCash USD wallet

To start sending money from PayPal to EcoCash, you need to create a PayPal account if you do not have an existed one already and select mobile pick up when sending funds so that the funds are credited into the recipient’s FCA wallet. The recipient is able to cash out USD at Econet Shops.

This is a big deal because of the limitations which come with a PayPal account. There are restrictions for many people in Zimbabwe because of the country’s sanctioned status.

For most, a debit card connected to PayPal can only pay out but cannot receive through the same platform.