If you earn money online, shop internationally, or get paid by overseas clients, PayPal is one of the most reliable platforms. But many people ask how to Withdraw Money From PayPal In South Africa since PayPal does not link directly to most South African banks.
With the help of FNB, you can easily withdraw your PayPal money into any South African bank like Capitec, Absa, Standard Bank, and TymeBank. The best part you don’t need to have an FNB bank account.
My name is Thabiso, an e-prenour, an investor, and a forex trader. I have been earning money online since 2020. My main withdrawal methods are PayPal and Binance, so I know a lot about using PayPal in South Africa.
Does PayPal Work In South Africa?
Yes, PayPal works in South Africa, but withdrawals are handled differently compared to other countries like the US. You cannot withdraw directly from PayPal to your bank unless you use FNB (First National Bank) as the middle link.
Even if you do not bank with FNB, you can still use their PayPal service to transfer money to other banks.
This method allows you to:
Requirements to Withdraw Money From PayPal In South Africa
Before you start, make sure you have:
Learn how to verify your PayPal Account for this article:
Withdraw Money From PayPal for non FNB customers
You need to understand that FNB is the only official PayPal partner in South Africa for now. They act as a bridge between PayPal and local banks.
You do not need an FNB bank account. You only need to:
Now then, fill in the information that follows. After creating your FNB profile, you need to link your PayPal account to FNB.
You can link any South African bank account to PayPal and be able to withdraw money there, whether you are using Capitec, Standard Bank, Absa, TymeBank, NedBank, Discovery Bank, or African Bank.
Withdraw Money From PayPal to Capitec
Capitec users can withdraw money from PayPal funds using FNB, but as a non FNB customer.
Steps:
Money will reflect in Capitec instantly.
Withdraw Money From PayPal To Absa
If you bank with Absa, the process is also simple.
Steps:
Withdraw Money From PayPal To Standard Bank
Standard Bank customers can receive PayPal funds using the same process.
Steps:
Withdraw Money From PayPal To Nedbank
Nedbank is fully supported as well.
Steps:
Withdraw Money From PayPal To FNB
If you already have an FNB account, withdrawing money from PayPal is simple for you. You don’t need to create an FNB online profile.
Steps:
Once completed, the money will be sent to your selected bank account instantly.
PayPal to FNB Withdrawal Fee or Other Banks
When you Withdraw Money From PayPal In South Africa, fees are charged on both top-ups and withdrawals.
The standard withdrawal rate is 1.52% on all PayPal top-up and withdrawal transactions.
However, you may qualify for lower fees based on how much you transacted in the previous month.
Fee Breakdown
This means frequent PayPal users and businesses can save money by withdrawing larger amounts regularly.
FQAs
It takes 1 to 5 minutes, basically instant.
Yes, but you need to create an FNB online profile as a Non FNB customer.
Yes, by linking your Non FNB customer profile to your Capitec account.
No minimum withdrawal, you can withdraw as little as $1