Quick question on trading Paypal USD for ZAR

[TomWinden]

Good day all,

I did not have much luck with FNB. I know I must just go to a branch but in my town you stand for literal hours, which I just do not have. But for now, can I ask if this is what people do on here or did I misunderstand?

It seems people sell their Paypal USD to someone for ZAR to be transferred into their South African Bank accounts?

Is this a thing? Because I would like to do that, post maybe once a month or so my USD for sale - was just wondering if this is safe.

And legal lol

Thanks

 

[RJvv]

Good day all,

I did not have much luck with FNB. I know I must just go to a branch but in my town you stand for literal hours, which I just do not have. But for now, can I ask if this is what people do on here or did I misunderstand?

It seems people sell their Paypal USD to someone for ZAR to be transferred into their South African Bank accounts?

Is this a thing? Because I would like to do that, post maybe once a month or so my USD for sale - was just wondering if this is safe.

And legal lol

Thanks

Hi I can assist if interested.

 

[Dom]

Good day all,

I did not have much luck with FNB. I know I must just go to a branch but in my town you stand for literal hours, which I just do not have. But for now, can I ask if this is what people do on here or did I misunderstand?

It seems people sell their Paypal USD to someone for ZAR to be transferred into their South African Bank accounts?

Is this a thing? Because I would like to do that, post maybe once a month or so my USD for sale - was just wondering if this is safe.

And legal lol

Thanks

It is safe when done through a bank when there are authority checks throughout.

Open an FNB global account.

 

[lowracer]

my daughter does it all the time, without going into the bank.

 

[voidyyyy]

Good day all,

I did not have much luck with FNB. I know I must just go to a branch but in my town you stand for literal hours, which I just do not have. But for now, can I ask if this is what people do on here or did I misunderstand?

It seems people sell their Paypal USD to someone for ZAR to be transferred into their South African Bank accounts?

Is this a thing? Because I would like to do that, post maybe once a month or so my USD for sale - was just wondering if this is safe.

And legal lol

Thanks

Just link your paypal acc on FNB, there are many guides online as to how.
I've used it a couple of times, but they take like 3%, and it takes about 5 days before it's in your account.

I've since switched over to using @uwais , you get a bit less, but the money is in your account instantly, which to me is worth the tradeoff.

 

[NABARA]

At the moment, FNB is the only South African bank which links to Paypal. It takes me two and a half to three working days to receive the money in my FNB Gold Cheque Account. FNB charges a 1.5% fee, which isn't that much at all.