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PayPal Transfers
To South Africa

You save 0 ZAR

Make transfers from your PayPal account to your South African bank account using the Fivewest Forex Service. We offer the best rates and fees compared to other South African banks. Your funds will settle within 24 hours of you making your PayPal transfer.

Try our forex tool to see the Rand amount you can expect to receive when you transfer dollars.

Compare Prices

1

Sign up

Create a Fivewest account to start your transfer
Sign up

2

Transfer funds

Transfer your dollars to your Fivewest account
Transfer funds

3

Receive your money within 24 hours

We convert your dollars into rands and send them directly to your South African bank account
Receive your money within 24 hours

Compare Our Prices

We only charge fees for transactions under 5000 USD.

Competitors

Typical Bank

Fee:

30 USD
0

You Receive:

0 ZAR

You miss out on
0 ZAR
Competitive Fintech

Fee:

20 USD
0

You Receive:

0 ZAR

You miss out on
0 ZAR

I want to send

USD

At 0 ZAR

And Receive

ZAR

Fee:

20 USD
0
You save
0 ZAR
Should arrive by
This is an indicative rate that may fluctuate over time
SECURITY

FAQs when Transferring from PayPal to SA Bank

Is PayPal Available In South Africa?

Yes, PayPal is available for both sending and receiving payments in South Africa. However, payments can only be received in foreign currencies, not in South African Rand, and funds must be withdrawn to a South African bank account within 30 days.

How Does PayPal Work in South Africa?

To use PayPal, you need to create and verify a PayPal account, link it to your South African bank account, and adhere to regulations such as withdrawing funds within 30 days. PayPal in South Africa operates with a partnership with FNB for withdrawals, even if you bank with another institution. Step-By-Step Process to Setup your PayPal Account

Start by creating a PayPal account on the PayPal South Africa website, choosing between an individual or business account. Verify your account by submitting identification documents and linking a credit/debit card. Finally, link your PayPal account to your South African bank account for withdrawals. PayPal Fees in South Africa

Fees for PayPal

Using PayPal incurs fees including a transaction fee of 2.4% to 3.9% plus $0.3 per transaction, a currency conversion fee of 2.5%, and an FNB withdrawal fee of 0.81% to 1.51%. The total cost can range between 5.7% to 8% per transaction, making PayPal a relatively expensive option in South Africa.

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How can we help you?

1

Quick transfer

We help you by getting you your funds quickly
Quick transfer

2

Best rates

We offer the best forex rates in South Africa
Best rates

3

Security and Trust

We are trusted by our clients to transfer over R500m a month safely and securely.
Security and Trust

We help our clients safely move

R500M+

per month

“Professional and Competent team”

Would Highly recommend the service. Extremely Professional and Competent team creating a well-oiled "Financial Solutions" machine providing efficient, effective and economical services.

Renier JVR profile
Renier JVR

TESTIMONIALS

Don't take our word for it, take theirs

Our customers become our partners. Once they use our services they realize how much more we can help them with. Our business case studies can help you understand how we can help you.
“Exceeded my expectations”

Fivewest has been great in terms of service delivery, they keep open communication along the way and have exceeded my expectations. Looking forward to working with them now and into the future.

Graham Fleming profile
Graham Fleming

“World class customer service”

The best arbitrage service I have ever experienced and world class customer service. I am extremely glad I joined Fivewest to help me achieve my financial goals much faster. I would highly recommend them.

Dean Mills profile
Dean Mills

FAQS

Frequently Asked Questions

Find out what you need to know about our company and services. We are availble to chat too.

    What documents do you need to exchange dollars to rands?

    There are some simple documents we need to collect from you for us to comply with KYC (Know Your Customer) and AML (Anti-Money Laundering). These are: 1. Passport or National ID card - This verifies your identity and name. Make sure it is valid and not expired. 2. Proof of address - This confirms your physical address. Utility bill, bank statement, or government documentation with your name and address works. Should be recent, within 3 months. 3. Selfie holding your ID - Take a clear selfie of yourself holding your passport/ID open to the page with your photo and personal details. Make sure text is legible.

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Utilizing traditional banking and blockchain technology, we specialise in the trading automation of digital assets & forex.

SERVICES

Arbitrage

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