PayPal is a trusted brand and partner to over 250 million customers in more than 200 markets around the world.
PayPal is one of the world's leading digital payments platforms.
Since 2010 FNB and PayPal, through their partnership, have been providing a convenient way for South Africans to withdraw their PayPal funds into a South African bank account, giving them the ability to join the global market.
Joining the service is simple. Open a PayPal account + register for the FNB Online Banking profile and withdraw the money to any South African bank account. Get Paid with PayPal and withdraw with FNB, or you can Top-up your PayPal account using your FNB bank account, and enjoy shopping worldwide.
As a buyer, when you sign-up for PayPal, enter your credit card details once and then use your PayPal username and password to shop online with 14 million merchants around the world. If you do not have a PayPal account, you can pay by using your credit card details as a guest payment subject to the functionality being enabled.
A buyer and a seller (merchant) each have a PayPal account.
A user links their credit or debit card to their PayPal account.
When purchasing from a merchant who accepts PayPal, PayPal debits the payment method linked to the buyer's PayPal account.
The merchant can then withdraw the funds to their South African bank account or an FNB Business USD Global Account (CFC) through FNB.
Shop worldwide with just an username and password. PayPal's anti-fraud technology helps to keep your information secure.
Pay even faster with OneTouch, stay logged in and check out without entering your password.
Send money in a few seconds any time, anywhere.
Seller Protection is available for your eligible payments.
Buyer Protection is available for your eligible purchases.
Note that a withdrawal from your PayPal account takes 3 to 5 business days to reflect in your linked South African bank account
A top up takes less than 10 minutes to reflect in your PayPal account.
For more details on PayPal's fees please visit https://www.paypal.com/za/webapps/mpp/ua/useragreement-full#exhibit_A
You need to ensure that you comply with all South African Reserve Bank regulations as this is a cross-border payment.