How to Transfer Money from Paypal to Capitec 2024

The ability to transfer money whenever it’s convenient for you is a necessity when using any kind of payment or money transfer method. The good news is that it’s not too difficult to transfer money from PayPal to Capitec in South Africa. So in this article, we will show you how to transfer money from Paypal to Capitec easily.

You can make use of your computer or smartphone to transfer money as long as you have an internet connection.

With millions of customers, Capitec is one of the top digital banks in South Africa. This account can receive international money from services like Western Union, Moneygram, Wise, as well as Paypal. In fact, all clients find that transferring money from PayPal to Capitec in South Africa is simple and convenient.

To get to know how to transfer money from Paypal to Capitec, make sure you read this article to the end.

How to Transfer Money From Paypal to Capitec 2024
What is the Capitec Routing Number for PayPal
How Long Does It Take to Transfer Money From PayPal to Capitec
FAQs
Conclusion
Reference
Recommendations

How to Transfer Money From Paypal to Capitec 2024

Customers can transfer money from PayPal to a Capitec Bank account via the FNB online banking platform. Capitec does not offer direct PayPal integration, but you can link your PayPal account to a First National Bank (FNB) online banking profile and then withdraw to your Capitec account. The steps you should take to enable transfers are as follows.

Registration of an FNB Online Banking Profile

PayPal allows you to receive transfers from any bank account in South Africa that you add to your FNB online banking profile. This means that a FNB online banking profile is necessary in order to transfer funds to Capitec and other significant banks, such as Nedbank and Standard Bank.

Visit the official FNB website, click on For Me, then choose I don’t bank with FNB to create a personal profile.
Complete the fields with your business or personal information.
Having done that, generate the login details for your profile. Make a note of your password and user ID.
In order to get a code, enter your phone number.
Agree to the terms and conditions and click Submit on the bottom right
Confirm that all the information is correct. If you need to change anything, click Edit.

How to Link PayPal to Capitec

Connecting your Capitec and PayPal accounts is the next step after setting up your FNB online banking profile. To transfer money from your PayPal account to your Capitec account, you need to register your account with the FNB Withdraw service. To do this, take the steps listed below.

Visit the official PayPal website on an internet-enabled device.
Click the register button on the top right-hand corner.
Select the individual account section.
Carefully go through the User Agreement, and click Agree and Create Account at the bottom of the page.
Enter your card details. Click Continue to add your card immediately. If you want to add your card later, click Go to my account.
Next, click Get Verified.
Follow the prompts to verify your account (PayPal will charge your card an amount of R18, which is about $1.95 for this transaction).

Transfer from PayPal to Capitec

You can now transfer money from PayPal to Capitec after connecting the two banks. To finish the transfer process, comply with the instructions below.

Log into your Capitec online banking account.
On your profile, click My Bank Accounts.
Select PayPal Services, followed by Withdraw from PayPal.
Enter the withdrawal information, including the USD amount, Capitec Bank account, and the reason for withdrawal.
Click Get Quote to view the exchange rate and the amount you will receive in Rand.
Click Continue on the bottom right if you accept the quote displayed.
Accept the terms and conditions. Click Confirm on the bottom right.
You will now be redirected to your PayPal profile, where you must log in.
Click Pay Now to get a notification saying your transaction has been submitted for processing and a reference
Click Finish on the bottom right
Wait for the money to reflect in your Capitec account.

With an FNB online banking profile, you can easily link your PayPal account and withdraw funds into your Capitec bank account from FNB. Just be sure to follow the steps for registering, linking, and withdrawing correctly.

What is the Capitec Routing Number for PayPal

The routing number for Capitec is 198765.

Though Capitec does not have integrated PayPal features but you can still make transfers from your PayPal account by registering your Capitec account on the FNB withdrawal service.

How Long Does It Take to Transfer Money From PayPal to Capitec

It depends on the source of the money you are receiving. Any money from a debit or credit card, or a PayPal balance, that the sender is sending should arrive in your account in a matter of minutes.

Depending on your bank, it could take two or three business days if the funds are arriving from a linked bank account because the bank needs to clear them first.

As a result, receiving money on Capitec from PayPal may take longer than a normal bank transfer.

FAQs

Which bank uses PayPal in Nigeria

Banks in Nigeria whose credit/debit cards can be linked to a PayPal account are First Bank. FCMB. UBA.

Can I transfer money from PayPal to Capitec Bank?

Yes, you can transfer money from PayPal to a Capitec Bank account in South Africa. As mentioned in the article post, you’ll need to link your PayPal account to an FNB online banking profile first. Then you can withdraw funds from PayPal into your Capitec account.

Does PayPal work with Capitec Bank in South Africa

Yes, PayPal works perfectly well with Capitec Bank in SA. The Capitec routing number will help make this process less stressful.

How can I receive money using PayPal?

You can receive money by giving the sender your PayPal email address or your personalized PayPal.me link.

Can I transfer money from PayPal to my bank account instantly

If you selected Instant Transfer, you should see the money in your bank account in minutes, but this timeframe may vary depending on the bank.

Conclusion

It’s not too hard to transfer money from PayPal to Capitec 2024. It should be noted that in order to get your cash, you must register for FNB online banking and link your Capitec account to the FNB withdrawal service using PayPal.

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Reference

LinkedIn.com – How to Transfer Money from PayPal to Capitec Bank in South Africa
wise.com –How to Receive Money on PayPal: How-to, Duration & Fees
briefly.co.za –PayPal to Capitec transfers in South Africa: how to withdraw money to your account