How do I get my money out of PayPal in South Africa?
You will need an FNB Online Banking profile. If you don't bank with FNB you can create a free FNB Online Banking profile and link your PayPal account to your South African bank account. A withdraw from a PayPal account takes 3 to 5 business days to reflect in your linked South African bank account.
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.
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. In fact, you've got to withdraw your PayPal funds to a South African bank account within 30 days of receipt.
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Here's how to withdraw funds through your PayPal app:
- Tap PayPal Balance on the home screen.
- Tap Withdraw Funds.
- Follow the instructions to complete your withdrawal.
Here is a summary of the Process. Once you have a Yo swift account, you can withdraw PayPal via shops like ShopRite using a Yo Swift card.
Hi, the function is not available at our stores.
, Capitec does not currently offer integrated PayPal functionality, but if you register your Capitec account on the FNB withdraws service with PayPal you can withdraw funds from your PayPal account.
No, you don't need a bank account to sign up for PayPal or to receive payments.
- Visit the FNB PayPal Services website www.fnbwithdraw.com.
- Click on the "Log in" button.
- Enter PayPal login details.
- Click on the "Withdraw" button.
- Enter OTP.
- Capture the Withdraw details i.e. amount and reason for transaction, and click the "Get Quote" button.
- Accept the quote.
Login to FNB Online. On the title menu, select My Banks Accounts. On My bank Accounts page, click on the orange tab on the left labelled My Accounts Menu. Select Link PayPal Profile.
What bank account can I link to PayPal?
Getting a PayPal account is easy!
PayPal accounts are FREE and you can link any Security Bank checking or savings account to your PayPal account.
Log in to your PayPal account. Click Wallet, which should be near the top of your screen. Click Currencies Calculator, which is under your PayPal balance. Select the currencies you want to convert to see rates.
With yo swift, after creating up an account, Login, go to PayPal services and insert amount, get your conversion to local currency and withdraw from PayPal. Simple! Your money will reflect instantly to your Yo swift account. Remember we want this money to Capitec Bank.
How to Use PayPal in South Africa WITHOUT an FNB Bank Account
As the purchaser, you pay no fees to PayPal – the merchant is charged for the transaction, which is the same way credit card fees work in South Africa. There is also no monthly fee for holding a 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'.
Can I get paid through PayPal to my capitec account? You are unable to transfer or withdraw funds via PayPal. If you want to receive funds from Paypal to bank account open FNB account it works 100% because Capitec wont fix this. You are unable to transfer or withdraw funds via PayPal.
Payment from another PayPal user is almost instant. A withdraw from a PayPal account take 5 to 8 business days to reflect in your FNB Bank account.