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.

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 However, payments can only be received in foreign currencies, not in South African Rand, and funds must be withdrawn to a South African bank account within 30 days.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.