How To Open A Paypal Account In South Africa

How To Open A Paypal Account In South Africa

PayPal is an online payment service that lets individuals and businesses electronically transfer money. You can send, receive, and hold funds in different currencies worldwide.

How To Open A Paypal Account In South Africa?

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’.
• PayPal will charge a nominal fee to the card, such fee will be refunded later
• A four-digit code will be embedded in the transaction reference on your bank statement
• You need to enter the four-digit code on the PayPal website for your account to be verified

Which banks support PayPal in South Africa?

Yes, any South African bank account that you can link to an FNB online banking profile can receive transfers from PayPal. This includes major banks like Capitec, FNB, Nedbank, Standard Bank, and more. If you’ve got dollars in PayPal, check out our article on the best way to send money from the USA to South Africa.

How do I withdraw money from PayPal in South Africa?

To withdraw money from your PayPal account:

1. Go to Wallet.
2. Click Transfer Money.
3. Click Transfer to your bank.
4. Follow the instructions.

How do I add a South African bank account to PayPal?

To link a bank on the app:

1. Tap. Wallet.
2. Tap + across from “Banks and cards.”
3. Tap Banks.
4. Follow the instructions to link your bank account.