Where To Use Paypal In South Africa 2024-2025
PayPal is the faster, safer way to send money, make an online payment, receive money or set up a merchant account.
Where To Use Paypal In South Africa
bidorbuy
With about ten years under its belt, bidorbuy is one of South Africa’s foremost online destinations. Through their sellers, they offer a huge variety of goods.
Sellers that accept PayPal can be filtered by choosing “PayPal as Payment” option on the left of the page.
BrickLink
For AFOLS (adult fans of LEGO), the BrickLink Marketplace is a place to buy LEGO sets and individual brick pieces.
Its community is strong and the site hosts a lot of South African sellers which may, or may not, accept PayPal as payment method.
PC Direct Online
Situated in Cape Town, South Africa, PC Direct online sells PCs, laptops and PC equipment.
At the time of writing, they had a great rating on OneShop with only one complaint on Hellopeter. Although they have an order-before-pay system, they offer free delivery on higher-priced items.
Why Is PayPal In South Africa A Must?
PayPal is leading most digital payment platforms such as Apple Pay, Google Pay, Android Pay, and many others.
With PayPal increasing its reach to over 202 countries worldwide, allowing its customers to withdraw money in 56 currencies, and receiving money in over 100 currencies, it becomes imperative that every business-minded entity would wish to tap into this great opportunity.
Advantages Of Using PayPal
Here are some of the few advantages you can enjoy when you use PayPal to send and receive money:
- Is smart
- Allows you to accept online credit card payments
- Allows you to sell internationally
- Is more secure and can reduce the cost of fraud and charge-backs
- Offers comprehensive online reports
A study confirms that PayPal is the third most preferred mode of payment after Visa and MasterCard. In addition to that, PayPal is the 2nd safest payment system after the Credit card.
PayPal ensures a secure means to make transactions on millions of websites around the world.
Through the partnership with First National Bank (FNB), PayPal users in South Africa can withdraw money from their accounts to any eligible bank account across the country.
Customers can also top up their PayPal account from any FNB bank account anywhere in and outside South Africa.
What Are The Requirements to Create a PayPal Account In South Africa?
With over 70% of South African internet users shopping online, and most of them using PayPal as their primary mode of transaction, it makes creating a PayPal account not even an option but a necessity.
There are no particular requirements to create a PayPal account, but for South African users, there are specific rules that one needs to follow.
To create a PayPal account in South Africa, here is what you need to do:
Go to the main website www.paypal.com.
Then click on the Sign-Up button on the top of the screen.
Now select what kind of account you want to create – Personal or Business.
Enter your details and credentials.
At last, accept the terms and agreements.
You have now successfully created a PayPal account.
One must remember that PayPal accounts need verification.
So you must have all the FICA documents ready like proof of identity, residence address and proof, and a recent bank account statement.
What Are The Requirements For Financial Intelligence Center Act (FICA) When Using PayPal?
The FICA was introduced on 1st July 2003 to fight financial crime. It helps prevent money laundering, tax evasion among others.
There are about ten (10) categories of people that the FICA identifies and whose information is needed in any financial circle.
The list below outlines the various groups:
- Individual
- Minor
- Non-Residential individual
- Estate Late
- Trust
- Company
- Non-Resident Company
- Close Corporation
- Partnership Account
- Unincorporated entities
Below are the FICA documents required for individuals:
- Copy of National Identity document for South African citizens and Passport for foreigners.
- Proof of address: These documents should be less than 3 months old. It may include a utility bill, shop account statement, Municipal letter, bank statement with an address.
- NB: Some people may not have proof of address in their names and in that case they can provide a declaration by a third confirming that you stay in the same house and hence share the same address.
- You will need a copy of the South African Revenue Service (SARS) document which confirms your income tax number.
- A copy of your bank statement confirming your personal banking details. This should be less than three months old.
For the requirements for the rest of the categories in individuals, see the guide by PSG.
Steps To Successfully Verify Your PayPal Account
Once an individual has created a PayPal account, it needs to be verified and then registered to a bank account.
Getting verified and registered can give a number of benefits to the user.
Here are the steps to successfully verify your PayPal account in South Africa:
- Go to your PayPal account and select “Add/Edit Credit Card“.
- Fill in all the required fields like name, card details, and billing address.
- Once the details have been filled, PayPal will charge a minimum amount for the verification process, which will later be reimbursed.
- After the card has been added, go to “Add/Edit Credit Card” and click on ‘Confirm my card’.
- To proceed with the process request for your 4 Digit Code.
- For this step, PayPal will again charge a small amount, which will be reimbursed within 4-5 working days.
- After you have received the code, add it using the same process mentioned above and follow the instructions.
- This whole process makes your PayPal account verified.
Which Banks Support PayPal in South Africa?
The official bank in South Africa to transact with PayPal is the First National Bank (FNB).
The FNB has however opened up access to the PayPal service so that people with accounts at any of the South African banks can link their bank accounts to their PayPal account and send or receive money.
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.
How To Link Your Credit Card With PayPal Account In South Africa?
To add a Credit Card to your PayPal account, follow these steps:
- Open your PayPal account home page.
- Click on “Wallet” at the top of your page.
- Then, click on “Link a payment method” and select “Credit Card”.
- Now fill in the details and follow the instructions to confirm and verify the card.
What Can You Do With PayPal In South Africa?
For those South Africans and even anyone who owns a PayPal account, these are some of the things you can use your PayPal account for:
- Sellers can receive payments from customers in over 190 countries and regions around the globe.
- Use your PayPal account to make or receive international payments for goods and services online.
- Securely pay for items and send money without sharing your credit card details.
- You need to check out quickly and safely at your favorite online stores.
- Shop online: PayPal is supported by merchants in over 67 countries and regions all over the world.
Like I said earlier sending money or making payments online can be done in several ways in South Africa and not only through PayPal.
Most eCommerce shops accept payments through Xoom, Venmo, and other means of money transfers.
How To Withdraw Money From PayPal Account?
To withdraw money from your PayPal account, follow these steps:
- Open your PayPal account main page.
- On the left side of the screen, click on PayPal Balance, and then select Withdraw Money.
- Enter the amount you want to withdraw and also select the withdrawal method.
- Review the details and then click on Withdraw.
After following the steps above, you will be able to easily withdraw money from your PayPal account in South Africa.
You can use the method described above to withdraw money from both your personal PayPal and business PayPal accounts.
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