With the help of online portals, you can safely send money across borders worldwide without any hassles or risks of getting scammed.
Â I looked into PayPal South Africa and found out what you can and cannot do. I found out that one can use PayPal for most transactions and most of the functions that we use in the United States and other countries.
Does PayPal Work in South Africa In 2022?
There was no way to receive money within South Africa so you can’t receive it on PayPal. If you receive money from someone outside South Africa, you can send it to a South African bank account and that bank account can convert the rand to the dollar. You can receive money by sending the money to a bank account in South Africa.
If you want to know how to create a PayPal account in South Africa and use it to create a PayPal account in your country, to link and withdraw money to your bank account, then continue reading!
How do I get a PayPal Account in South Africa?
Go to the PayPal website and create a PayPal account. You can choose between a personal or business account.
You can also add a credit card or debit card. Make sure that the country you are in is selected correctly.
You set up a PayPal account and you can now receive money through PayPal.
Unfortunately, to be able to withdraw or send money with PayPal there are a few more steps to complete to send money to an account.
For you to link your payment options, you have to link your bank account, your debit card or your credit card.
If you want to use a PayPal account, you need to have either an FNB bank account or an FNB online banking profile along with your non-FNB bank account.
By clicking on the link provided, you will be redirected to PayPal. The next screen lets you select your account to link it to FNB.
If you need to confirm your account, you can log into your PayPal account in order to confirm it.
Go to the PayPal website, click on the ‘Sign in’ tab and sign in with your Google, Facebook or email details. You will have the option to ‘Link’ your account to your bank account. If you do, your funds will then appear in the account in which you linked it.
This will allow you to receive the funds into the same South African bank account for the purposes of your transfers.
If you want to register your PayPal account for other people (such as a business you might be running), you are going to need to get FICA documents for the people who want to be able to use the PayPal account.
It’s the same as submitting them by fax or using our online application.
Once the FICA is complete, you will have the ability to link your PayPal to your bank account.
When you are a new user, you will have to wait a few minutes for the PayPal team to accept your payment, and you will have to wait for a similar amount of time for your card to be linked to your PayPal account.
For example if you have a personal PayPal account and a business PayPal account, you can link your PayPal payments to the business PayPal account. For this to work, you must be paying for the business PayPal account, not your personal PayPal account.
This can only be done if you have a US bank account. You can only convert US currency by using this website https://www.xoom.com/ – I have done this and it works very well. It will convert up to $10,000 per day and then stop.
1. Click the **Your account** tab at the top of the page.
2. Click **Add/Update Credit/Debit Card** under **PayPal Credit and Debit Cards**.
3. Enter your card information in the fields provided.
4. Save or review your card settings.
How do I Withdraw Money from PayPal in South Africa?
In South Africa you must have either a FNB bank account or a FNB online banking profile, along with your other bank account with paypal.
Now we will show you how to open a new account using your FNB or non-FNB bank account.
To open a new account, go to the ‘Register’ section of our website and click ‘Sign-up’.
As long as your FNB is linked to your PayPal account, you can withdraw money in cash from the other accounts, or pay for things with your other accounts.
Lastly, when you are redirected back to your PayPal account, you will be able to review the funds which will have been deducted from your PayPal account.
I have submitted a withdrawal request, and I will receive my money from my bank in 3 to 5 days.
If you want the money in X days, you should start your transaction with a X+Y days deadline.
To read more on all of this, you can read our post on PayPal Exchange Rates, our articles on getting PayPal to unblock on a restricted countries IP address, and our articles on PayPal Complaints.
You will also have to pay a cost to the sender by way of a service fee. For example, when the service fee is 5% of the transaction, it is also 5% of the amount being sent. This fee is paid by PayPal.
How to send money
When you’re logged in to your account, click the arrow in the top-right corner and then click on the “PayPal” tab.
You have to go to your bank in South Africa and send the funds to your bank account in South Africa to make them into Rand. Also, to withdraw funds from PayPal you have to have an FNB bank account or online banking profile.
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