If you have a PayPal account in South Africa: You can withdraw withdraw money from your PayPal account directly to your First National Bank of South Africa (FNB) or any linked South African bank account.
Which banks support PayPal in South Africa?
Anyone who has registered with FNB PayPal banking services can access and link PayPal with any South African bank account. Major banks like ABSA, Nedbank, as well as Standard bank all can be linked to PayPal in South Africa.
Can you withdraw from PayPal to capitec?
Once you have the accounts linked and your Capitec bank account and personal details have been verified, you should be able to make a withdrawal from PayPal into your Capitec account.
Does PayPal exist 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.
How do I use PayPal 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’.
Why can’t I use PayPal in South Africa?
So here’s a fun bit of information – using PayPal in South Africa is a little more complicated than you might think. In order to conform to South African exchange control regulations, you’re not actually permitted to use PayPal funds sent to you to pay other PayPal users or make purchases.
Can I link a South African bank account to PayPal?
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. You will need to sign in to your PayPal account to confirm that you are the account holder.
How do I withdraw money from PayPal to FNB?
Log in to your FNB Online Banking profile at www.fnb.co.za. Click Forex, then click PayPal Services. Select the menu option on the left, then select Withdraw from PayPal. Enter the withdrawal amount in US Dollars (make sure you have enough money in your PayPal balance to make this withdrawal).
How do I withdraw money from PayPal?
How do I withdraw money from PayPal to my bank account?
- Go to Wallet.
- Click Transfer money.
- Click Withdraw from PayPal to your bank account.
- Select the bank account you’re transferring the money to and click Next.
- Enter the amount and click Next.
- Review your request and confirm the transfer.
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.
Where can I pay 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 do I withdraw money from PayPal Standard Bank South Africa?
Click on PayPal Services and then on Withdraw from PayPal. Enter the transfer amount in USD dollars. (Please check that your PayPal balance is sufficient to make the transfer.) Follow the instructions to confirm the exchange rate, the Rand amount you will receive, and the Transaction Terms and Conditions.
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|
How can I withdraw money from PayPal immediately?
Login to the PayPal app and tap on your balance in the home screen. This is your current PayPal balance you can withdraw from. Tap “Transfer money” and then “Transfer to your bank”. Select your account, or link an eligible debit card or bank account if you haven’t already, and then press next.