Advice required for PayPal

[Alice Rain]

Hi Everyone

As I hate dealing with banks can anyone please give me advice regarding PayPal. I set up an account with FNB some time ago and wasn't told about any monthly fee [as I thought PayPal was free] and ended up getting into the red because no funds were coming in and I was being charged R60 a month.

Last week someone told me they set up an account on line via FNB for PayPal and were not paying any charges?

I need to set this up again as I will be doing work and getting paid from the States. Is FNB the only bank that offers this service? I emailed Standard Bank who I bank with and they do not offer this service.

Look forward to any helpful advice.

Thanks and regards

Alice Rain

[Mpho Mokobi]

Hi Alice

You can open a PayPal account online by going directly to Paypal website. You will be required to register your bank card. The card will be debited with an amount which will be credited back into your account after you verify your card. Verifying procedure will be given to you. There are no monthly fees, only transaction fees. I've had a Paypal account for about 4 years now.

I recently read somewhere that we can now withdraw funds from other banks as well. Please verify this as I cannot locate the article.

To Your Continued Success. All The Best.

Mpho Mokobi

[polpak]

Organised to debit purchase from my bank accounts or Mastercard/Visa card.

Several years no problems.

[Alice Rain]

Thank you very much Mpho and polpak for the advice, will do so.

Have a great day!

Regards

Alice

[Toni Ford]

Hi there,Maybe you can help me My friend opened a paypal account for me as he has sent me some money firstly its pending and how long will i have to wait for it and the other thing is i am unable to put my SA nedbank account details on the account, how do i get this work please help me.

[Dave A]

I think most of the respondents so far have missed the challenge here -

I need to set this up again as I will be doing work and getting paid from the States. Is FNB the only bank that offers this service?

If you're just buying stuff via Paypal, it's as everyone says - just register direct with Paypal and load your credit card (or cards) against the account.

However, if you are going to be receiving payments from other folk into your Paypal account, things change rather substantially - you need to upgrade your Paypal account to a merchant account.

In many parts of the world this is as simple as a click and confirming a few things. However, if you are a South African citizen resident in South Africa, I regret to advise the only way to do it (at least officially - there may be ways to circumvent this but I don't personally know of any) is to link your Paypal account to an FNB account.

It's something to do with our Foreign Exchange regulations...

[Toni Ford]

Hi there Dave,
I hope that you can help me
I have a friend who has opened a paypal account for me and has sent me some money from the UK, but im struggling to put my SA account on it so it can be transferred
I am with Nedbank, i have tried asking Nedbank but havent had much help with them. Do you know how i can do this or who i can contact to help me.

[Alice Rain]

Hi Dave

Thanks for the information. Oh crap! So I'll have to go the FNB route. Will let you know the outcome!

Regards

Alice

[Greig Whitton]

I need to set this up again as I will be doing work and getting paid from the States.

Depending on the work you are doing and who you are doing it for, Payoneer may be a much better option than PayPal.

[Houses4Rent]

I have no idea what Paypal is and what its for.

If I ever need to buy anything outside RSA?online I use my credit card. If I need to receive funds into RSA I ask the payer to do a SWIFT transfer.

Paypal sounds rather complicated. What am I misssing?