It is a mixture of good and bad in freelancing today (check date above). There are big changes in the field of withdrawing money from PayPal. I recently did an article on ePay, Payoneer and NationHela. This was in regards to how they compare in different fields relevant to a Kenyan freelancer. A few days later, things are changing.
ePay-Kenya Reduces its Fees
I just got word from ePay that they have reduced their deposit commission rate from 10%+$1.5. The new rate is 8.5%+$1.5. There are no changes in their withdrawal fees. To calculate how much you’ll receive on your phone, click here to visit ePay-Kenya and check out the calculator. I must say that ePay-Kenya has really been listening to the freelancers’ cry and we ought to give them credit for that. They may be more expensive than Payoneer still but at least they send the cash in minutes and have been lowering their rates regularly since inception. They have so far been unmatched in the Kenyan field of PayPal transfers. Some of you remember the likes of Babawatoto and others who have come and gone. Will NationHela join the list?
NationHela Suspends PayPal Loads
PayPal to NationHela loads have been suspended. There is no indication on when they will reinstate this service. In short, you cannot withdraw money from PayPal through NationHela. This is sad news for those who solely bought the card for PayPal withdrawals. No worries though, the card comes for free (since they reimburse the Sh. 500 to the card once they activate it). You can keep the card and use it in future for something else, whether it is online Visa transactions or international money transfer. Speculators state that there are high chances that NationHela will abandon the PayPal loads altogether. As for now, we just need to wait and see what happens. It is sad though since they received so much negative feedback. Their site has been changing too frequently to keep up. I guess the only guys who were backing them up were the ones using the PayPal service. I hope they put their house in order soon.
Payoneer Still Stands
In this battlefield, Payoneer still stands strong. They recently scrapped their annual fees and are now by far the cheapest method of withdrawing money from PayPal. The fact that they give you an actual US virtual account means that they are properly recognized by PayPal and you don’t have to worry about them going down soon. Payoneer is the only option so far that allows you to withdraw from PayPal direct without using any third party gateways. I have absolutely no problem with third party gateways, as long as you do a good job like the guys of ePay-Kenya who have stood strong for over 3 years.
In case you wanted to buy the NationHela card solely for PayPal withdrawals, I would suggest you wait first for them to settle down and give a clear way forward. If you already have it hold on to it. Payoneer and ePay still stand strong so I still strongly recommend that you join both and continue using them to withdraw money from PayPal in Kenya.
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