Paypal became available a few years ago now to South Africans. Unfortunately, it remains a one-way vacuum cleaner, happily taking money out of the South Africa, while South African entrepreneurs and businesses remain hobbled and unable to earn anything back.
After years of seeing the stock PayPal continues to research how best to
expand its offering in South Africa on their website, I decided to ask Paypal for details on why this remains the case.
I specifically asked for details – is it because of government exchange control regulations? Resources on their side? Fear of fraud?
Unfortunately the answer wasn’t very helpful…
Thank you for taking the time to write to us with your concerns in regards
to receiving funds, my name is Barbara.
Ian, due to the complexities of global finance, members in some countries
and regions may not use PayPal to receive payments only send payments, but
this is certainly not a reflection on our customers nor their countries.
For more information on individual country and region capabilities to send
and receive funds, visit https://www.paypal.com/ and click “PayPal
Worldwide.” The countries listed under “Send Money to Anyone in the Growing
PayPal Network” cannot receive payments.
PayPal is constantly working to expand and improve our services for our
customers. We hope to expand our features for these countries or regions
but due to the complexities of global finance, we cannot give a timetable
for this expansion.
We appreciate your patience and understanding regarding this matter, and
please continue to check back for continuing changes.
PayPal, an eBay Company
Can anyone shed any light on this? Alternatively, feel free to pester Paypal with requests for me info until they provide something more useful!