PayPal opened its service to customers in South Africa, the PayPal service will be offered in partnership with FNB and has received approval from the Exchange Control Department of the South African Reserve Bank.
Does PayPal work in South Africa?
PayPal is available for South African users but all transactions are processed in US$. We suggest you do this immediately if you are serious about starting an online business as the verification process can take up to 5 days and this might hold you back with your site launch.
Which bank uses PayPal in South Africa?
Log in to your FNB account at www.fnb.co.za. Click on PayPal Services and then on Link PayPal Profile. Follow the instructions to link your accounts.
How do I get a PayPal account in South Africa?
01: Create and verify your PayPal account
- Go to www.paypal.com/za.
- Select ‘Sign Up’
- Select PayPal Account.
- Complete the required information and create your account.
- Confirm your email address.
- You will need to verify your PayPal account by selecting ‘Get Verified and linking a debit or credit card to your PayPal account’.
How much does PayPal cost in South Africa?
PayPal fees in ZAR
|Funding method||Destination country||Fees|
|Credit card, debit card or PayPal Credit||Any other country||5% of the transaction (US$0.99 minimum, US$4.99 maximum) + 3.4% of the transaction amount paid using a credit card, debit card or PayPal Credit + a fixed fee based on currency|
Is there a monthly fee for PayPal?
We don’t charge a monthly fee and no minimum balance is required. We don’t charge for inactivity or limited use of the card. … There is no fee when family and friends use the PayPal send and receive money service to transfer money to you.
Can I use PayPal without a bank account?
You don’t need a bank account to send or receive money through PayPal. However, you do need a bank account if you want to withdraw money from your PayPal account.
Can I receive money on PayPal without linking a bank account in South Africa?
The bank in question is FNB, because of course it is, but you don’t actually have to bank with them in order to withdraw funds from a PayPal account. You do need to sign up for an FNB Withdraw Service account, which’ll let you link a PayPal account to a South African bank account.
What can I buy with PayPal in South Africa?
Online South African stores that accept PayPal
- 3D Printing Store. …
- bidorbuy. …
- BrickLink. …
- Mantality. …
- MDF Models. …
- Netflix. …
- Netflorist. …
- PC Direct Online.
How much does it cost to use PayPal?
Opening an account: PayPal does not charge a fee to open a PayPal account. Sending money – Personal payments: There are no fees within the U.S. to send money to family and friends when you use only your PayPal balance or bank account, or a combination of your PayPal balance and bank account.
How can I withdraw money from PayPal without a bank account?
Assuming you do have a US PayPal Account and no bank account, all you can do is request a paper check. One other option would be if you had a PayPal Debit Card, then you could withdraw funds from your PayPal Account Balance at an ATM.
Does PayPal games work in South Africa?
PayPal Casinos South Africa – Pay Using PayPal. Finding PayPal casinos is not a problem for gamblers in South Africa. Many gamblers prefer using this banking method because it is user-friendly and safe. PayPal is one of the world’s top internet payment system.
How much does FNB charge for PayPal?
Visit www.paypal.com/bw for more information. FNB charges 1.5% of the USD amount per withdraw transaction.