PayPal's plans in SA

You cannot do this with a FNB KT card!! Well, you could not about a month ago, I asked! You MUST have either a savings account or check account with them. A non payment of R50 on your KT card account will get a you a R150 or R250 (can't remember exactly) non payment penalty per month!! I told them to take their card and shove it!!

Oh well, nice idea but as per ops normal, falls flat on it's face in SA.
 
RogueRunner said:
You cannot do this with a FNB KT card!! Well, you could not about a month ago, I asked! You MUST have either a savings account or check account with them. A non payment of R50 on your KT card account will get a you a R150 or R250 (can't remember exactly) non payment penalty per month!! I told them to take their card and shove it!!

Oh well, nice idea but as per ops normal, falls flat on it's face in SA.
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Or they just close your account down in some cases
 
I'm dissapointed that I stil couldn't sign up to them using my Debit Lifestart Student Checking account
 
I used to be on a Lifestart account, then somehow they figured out I got my degree and said I should upgrade to the Graduate Portfolio, which is a basic gold cheque + credit card combo (2 separate accounts still though) which aint too bad, but it did allow me to link to my Paypal account and this was when FNB originally announced the Paypal link service.
 
is it possible to get paypal using an absa credit card?
 
Keeper said:
is it possible to get paypal using an absa credit card?
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:wtf::confused::confused:

LOL no you need to be a FNB customer. Same as if you want an iPhone on contract you must be a Vodacom customer
 
Keeper said:
is it possible to get paypal using an absa credit card?
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Depends. If you want to ACCEPT payments you need an FNB account (or a foreign bank account in US/UK/Japan). If you want to pay with PayPal you can sign up with any MC / Visa credit card.
 
They are already making a commission on the currency conversion. The 1.5% is on top of the bank favourable currency rate that they use.
 
This country has no competition committee?? What is the Government doing? Why is FNB the only one allowed to use PayPal? For those who want to open a paypal account here I suggest(if you can) travel to Europe/Canada or USA and open a bank-account and then a paypal account then come back here and use it. It will not be screened and you will pay less in fees per transaction plus you will have a US/Canada/EURO bank account, they are MUCH more stable and you can get your money fast via other services online, and you can also use it topen an itunes account where you can access US content...believe me, if your into an online business, it's best you take the risk and try this method.
 
and over and above the fees it takes 7 working days before your paypal withdrawal reflects into your FNB account and who knows at what exchange rate.
 
ya, and its not avalible for FNB business banking online, so i set up a FNB account mentioned it was for my business, get a business account and guss what, no paypal grrrrrrrr
 
moklet said:
I opend an fnb account without any fixed cost, got paypal linked and my paypal income gets spend with paypal again, no currency conversion cost
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Hi Moklet

What is the cheapest account i.t.o. monthly fees that one can get at FNB to link a Paypal account for receiving funds?

It is a bummer that Rands are not supported - that means in my SA on-line shop, I have to sell to other South Africans in Dollars, AND then pay the conversion fee to Rand?!?!?

Seems like it will still be a while before Paypal will become a real alternative for payment in SA. I guess EFT still wins :-)
 
gboy said:
ya, and its not avalible for FNB business banking online, so i set up a FNB account mentioned it was for my business, get a business account and guss what, no paypal grrrrrrrr
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Aaaargh! That is just daft - if you are receiving money and want it paid out to your FNB account, doesn't that imply that EVERYBODY moving funds to their accounts from Paypal are actually businesses? Seems like FNB is really dropping the ball on this.

I was really hoping that Paypal would be viable in SA, but alas ....
 
balrog said:
Hi Moklet

What is the cheapest account i.t.o. monthly fees that one can get at FNB to link a Paypal account for receiving funds?

It is a bummer that Rands are not supported - that means in my SA on-line shop, I have to sell to other South Africans in Dollars, AND then pay the conversion fee to Rand?!?!?

Seems like it will still be a while before Paypal will become a real alternative for payment in SA. I guess EFT still wins :-)
Click to expand...

http://www.fnbweb.co.za/cbs/pricingguide/smart/default_e.asp (Smart Account option zero monthly fee)
 
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