South Africa Has PayPal

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PayPal is now in South Africa

PayPal is an international company offering an online payment system, which has been sadly lacking in South Africa for a long time. This form of banking is currently working within 190 countries.

It is a system used on the Internet which allows you to buy directly from a website.

This will enable you to transfer money between yourself and someone else via email, or between merchants, thus breaking with traditional payment methods, such as cheques and money orders.

In other words you can buy or sell in various currencies. Sign up for a PayPal account and a First National Bank Account and your transactions will be converted within the bank and transferred into your account locally and legally.

Buyers Benefits

If you are a buyer, you can choose to pay via your credit card, debit card or bank account.

It allows you to shop on sites such as eBay or with any of the thousands of PayPal vendors worldwide.

You will receive an invoice via email reflecting the purchase you have made and the exchange rate used at the time of your purchase.

Seller Benefits

PayPal allows credit cards, debit cards and bank account payments to be made directly into an account with transaction fees.

It is easy to add PayPal to your website, with step by step instructions directly from the PayPal website and help with tools that are made available.

How Secure Is PayPal?

PayPal is one of the few financial institutions that have fraud experts. Working behind the scenes and monitoring activity, using proprietary fraud risk models for industry-leading network security at no additional cost.

When suspicious activity occurs, PayPal will alert you by email or phone.
The service has a loss rate of only 0.5% (less than 0.6%) with online fraud. State of the art technology enables them to immediately check suspicious payments and identify thefts.

Visit the PayPal site and read and then visit your local bank (SA is FNB) to get your site up and running with a convenient procedure that is trusted and used by millions online.

To the Blogging Community of South Africa this is some very good news.  Blogger’s in other parts of the world, I hope this information assisted you in making your decisions. Ensure your Banking online procedure is safe, to both your customer and yourself.

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Parting Thought:   “Success in Life consists of going from one mistake to the next without losing enthusiasm.” – Sir Winston Churchill

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