Paypal South Africa - Improved service

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Posted by Felix Okoli on August 06, 2010 at 02:24:07:

Prior to 2010, Paypal had already been operating in South Africa as it did in a couple of other African countries like Algeria. Gabon, Gambia, Guinea Bissau, Rwanda, Benin, Niger, Kenya, Senegal, Malawi, Tanzania, Namibia and others but with limited services. Paypal users in those areas could only send money to any other Paypal user but this has changed for South Africa as earlier in the year, before the big game, Paypal announced improved services for South Africa allowing users not only to send but also receive money online. I think this extended to all residents of South Africa, including football fans who would be resident in the country for a couple of weeks.
For a South African resident to get on the Paypal network and start enjoying this ability to send and recieve funds, he or she must

Paypal South Africa functions with FNB, a South African bank and so Paypal users can fund and withdraw to their account with FNB via an online banking system.

Benefits of an Improved Paypal service in South Africa
- Users can now receive payments online from more than 190 countries
- South Africans can now sell online and receive donations from around the world
- Doing online business will take a new dimension with reduced costs

Charges on using Paypal by FNB
FNB takes a 1.5% commission fee on all amounts deposited into PayPal accounts as well as normal internet banking charges
Paypal also charges certain service fees and this should also be included in the cost of using it in SA. You can get more on this from paypal.com.

Topping up and Withdrawing Paypal funds in South Africa
One can do this with the First National Bank's (FNB) online banking service located at https://www.fnb.co.za/online-banking/pay-pal.html.

Requirements for using a Paypal account in South Africa
- Proof of South African residency
- Having an FNB bank account
- Having a Paypal account - You can go to www.paypal.com/za to register
- Required funds

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Comments:
Re: Paypal South Africa - Improved service Posted by diela on August 06, 2010 at 07:10:21:

wow

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Re: Paypal South Africa - Improved service Posted by weight loss on Thursday August 4, 2011 at 3:40:25:

Trying to get it set up at an FNB branch and get your account liked to PayPal is not that easy. After 6 months, still not working.

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Re: Paypal South Africa - Improved service Posted by Web Designer on Thursday August 11, 2011 at 15:34:9:

This is really nice article. I always like to read the useful article which is helpful for me to improve my knowledge as I am web designer.

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