I don't understand why they told you that. I have a business account at FNB and have a Paypal account linked into which I can receive payments from other countries. I think Paypal may be cheaper to receive foreign funds for smaller anounts. I try and avoid exports, but do send products to Nigeria every now and again. The last time FNB charged me R125 for receiving R1815 (not through Paypal). The charge went up from R100 for a larger amount in June. I wish I could get away with increasing my prices 25% at a time!

Pap-sak, I have a Capitec merchant terminal and have all my sales paid into my Capitec account directly. I will be closing my personal Standard Bank account this week. I am so sick of the rip-off we have to endure from banks. The only way they seem to be able to make their profits look better is not through real growth, but by introducing new charges as they please and upping existing charges as they want.