In this guide, we'll explore the most popular ways South Africans can send money abroad in 2025 including FiveWest Cross-Border, SWIFT, PayPal, and other reliable channels.

1. SWIFT Payments via Your Bank

Many South African banks (such as FNB, Nedbank, Absa and Standard Bank) support SWIFT transfers, which is the traditional method for international payments. While SWIFT is widely accepted internationally, these are some important factors to take note of:

• High fees (both from the sending and receiving banks)

• Long processing times (can take up to 3–5 business days)

• Exchange rate markups

If you're sending funds in large amounts, SWIFT might still be a good option, but for frequent or smaller transactions, it can get expensive quickly.

2. PayPal

PayPal is a convenient choice for online purchases and freelance payments. As a South African, you can:

• Receive foreign currency into your PayPal account

• Withdraw funds to your South African bank account (via FNB)

However, PayPal isn't ideal for large transfers or business payments due to:

• High currency conversion fees

• Limitations on direct ZAR payments

• FNB is one of the few banks that allow for seamless withdrawal

Still, it’s a widely-used and globally recognised platform that works well for personal use and e-commerce.

3. FiveWest

If you're looking for a modern, efficient way to send money abroad, FiveWest stablecoin brokerage services are a game-changer. Designed for both individuals and businesses, it offers:

• Fast, secure transactions to multiple countries

• Competitive FX rates with low, transparent fees

• Easy integration for businesses handling international payments

• Fully compliant processes for peace of mind

Whether you're a freelancer receiving payments or a company paying offshore suppliers, FiveWest Cross-Border simplifies the process—without the excessive red tape often associated with traditional banks.

🔗 Learn more about FiveWest's Brokerage solutions.

4. Wise (formerly TransferWise)

Wise has gained popularity for its transparent fees and mid-market exchange rates. It’s perfect for freelancers, expats and small business owners.

With Wise, you can hold and convert money in multiple currencies, and transfers are generally quick and affordable. However, their services may be limited for more complex business needs or regulated sectors.

5. Money Transfer Services (e.g., MoneyGram, WorldRemit)

These platforms are geared more towards cash pickups and remittances, making them ideal for sending money to family or friends abroad. While fast, they can be expensive depending on the destination and method of payment (bank transfer vs. cash pickup).

Key Considerations When Making International Payments

Before choosing a provider, consider:

• Exchange rates and fees

• Processing times

• Regulatory compliance (e.g., FICA in South Africa)

• Destination country

• Amount and frequency of payments

For businesses, FiveWest offer added advantages like, automated payments and multi-currency support, which is ideal for scaling globally.

Final Thoughts

As a South African, you have more options than ever when it comes to making or receiving international payments. Whether you need the speed of Wise, the reach of PayPal, or the efficiency of FiveWest, it's all about choosing the right tool for your needs.

💡 Pro Tip: If you're sending payments regularly or running an international business, using a regulated fintech like FiveWest can help you save on costs and streamline your operations.

Need help with international payments? Contact FiveWest to speak to a specialist and find the best solution for you or your business.