Paypal to EFT Urgent

V

Vimeo

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Anybody know a way to get paypal to EFT instantly or is anybody willing to exchange. It is only $8 but I need it by yesterday
 
Vimeo said:
Anybody know a way to get paypal to EFT instantly or is anybody willing to exchange. It is only $8 but I need it by yesterday
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The only way to transfer a Paypal balance to a South African bank account is via FNB. They seem to have some kind of exclusive agreement with Paypal and the Reserve Bank.
 
Don't have FNB, and even if I did it will take too long. Was hoping to exchange with someone
 
Vimeo said:
Don't have FNB, and even if I did it will take too long. Was hoping to exchange with someone
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Non-FNB customers are also able to withdraw Paypal balances via FNB without having to have an FNB account, for future reference. Also, what you're suggesting is technically a violation of exchange control regulations, so I would be careful about openly asking people to do this.
 
R105 let's go!
Just kidding I’m not fking around for $8, probably best to take @NeonNinja up on his offer.
 
airborne said:
Don't PM me, I don't want your dodgy $8 :cautious:
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why is it dodgy? Please explain? all I did was ask you to contact me on whatsapp for a swift transaction. If that is against the rules then we can trade in PM and I apologise.

Edit. - I didn't read your post fully. Haven't slept for 2 days. Aplologies
 
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Vimeo said:
why is it dodgy? Please explain? all I did was ask you to contact me on whatsapp for a swift transaction. If that is against the rules then we can trade in PM and I apologise
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3.7.4 Disposal of legal foreign assets

Individuals may with effect from 2022-02-23 dispose of their authorised foreign assets to other individuals, subject to local tax disclosure and compliance by the relevant parties.

It should be noted that where the authorised foreign asset is sold to a private individual with recourse to South Africa, the transfers in payment thereof must be dealt with in terms of the R10 million foreign capital allowance and/or the R1 million single discretionary allowance.

Any sale of the authorised foreign assets to private individuals where payment will take place locally in Rands resulting in no cross-border flow of funds other than change of ownership, such transactions must be referred to the Financial Surveillance Department and will also be subject to local tax disclosure as well as compliance by the relevant parties.

Contraventions that occurred before 2022-02-23 must still be regularised with the Financial Surveillance Department.
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Essentially the problem is that an asset swop of the nature you are contemplating where no money actually enters or leaves South Africa is a reportable event.
 
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Still open to offers. Spoke to multiple people will not be in any legal trouble for an $8 transaction
 
@Vimeo What is it you actually want? I can stick you R100 no problem but I can't make or receive paypal.
 
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