Withdraw from Paypal

D

dazzazzad

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Earlier this year I set up an FNB login to link my ABSA account to Paypal. This was because I was going to start freelance copywriting for overseas businesses. I've now begun and payments are being made to my Paypal account. I wanted to try my first withdrawal but was not sure what to choose from the BOP code description. Didn't really see anything relating to income for a service.

They also require documentary evidence for every code - would that just be a copy of the invoice in my case?
 
dazzazzad said:
Earlier this year I set up an FNB login to link my ABSA account to Paypal. This was because I was going to start freelance copywriting for overseas businesses. I've now begun and payments are being made to my Paypal account. I wanted to try my first withdrawal but was not sure what to choose from the BOP code description. Didn't really see anything relating to income for a service.

They also require documentary evidence for every code - would that just be a copy of the invoice in my case?
Click to expand...

I would use category 297 - you just need to show copy of your invoice.
 
Have a look at code 266, it should be suitable. I've never had to show a copy of my invoice but I guess SARS might request it at some point.

It will take a few days for your cash to be available in your nominated account.
 
If I may ask, you're working with sites like Elance, oDesk etc.?
 
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