If you are based in Africa and will potentially collect money online, PayPal is a great option. This online payment platform is reliable, secure and allows you to collect money quickly and easily. In this article, we will explain to you how to collect money with PayPal from Africa.
Create a PayPal account
To collect money with PayPal from Africa, the first step is to create a PayPal account. This is quick and easy to do, and you just need to provide some personal information and choose a username and password.
To create a PayPal account, go to the PayPal website and click “Register.” You will then have to choose between a personal account and a professional account. If you want to use PayPal to collect money occasionally, a personal account will suffice. If you use PayPal more regularly for your business, a business account will be more suitable.
Once you’ve chosen your account type, you’ll need to provide some personal information, such as your name, email address, and phone number. You will also need to choose a username and password. Be sure to choose a username and password that you don’t use for other online accounts to keep your PayPal account secure.
Once you have completed all the required fields, click “Register”. You will receive a confirmation email asking you to confirm your email address. Click the link in the email to finalize the creation of your PayPal account.
Link your bank account or credit card
Once your PayPal account is created, you need to link a payment method in order to collect money. You have the choice between your bank account or your credit card.
To link your bank account, go to your PayPal account settings and click “Add bank account”. You will then need to provide your bank account information, such as your bank name, account number and your SWIFT code. PayPal will then send you a small amount as verification, which you will need to confirm once received in your bank account. Once your bank account is linked, you will be able to collect money directly into your account.
To link your credit card, go to your PayPal account settings and click “Add Credit Card”. You will then need to provide your card information, such as cardholder name, card number, expiration date and security code. Once your card is linked, you will be able to collect money from your credit card.
How to collect money with PayPal
There are several ways to collect money with PayPal from Africa. Here are some examples :
If you are a freelancer or provide online services, you can ask your clients to send you money via PayPal. To do this, simply send them a PayPal payment link or send them your PayPal email address. Your money will then be transferred to your PayPal account as soon as payment is made.
If you have a blog or website, you can add a PayPal donation button so that your readers can send you the money quickly and easily.
If you have an account on an online sales platform, such as eBay or Etsy, you can set up PayPal as a payment method to collect money from your customers.
Chapter 4: PayPal Transaction Fees in Africa
It is important to note that PayPal charges transaction fees for each payment made or received through its platform. These fees vary depending on the type of account you have and the amount of the transaction.
For personal accounts in Africa, the transaction fee is 3.4% + €0.35 for each payment received. If you opt for a professional account, the transaction fees are 2.9% + €0.35 for each payment received. It’s important to take these fees into account when collecting money with PayPal, so you aren’t caught off guard.
Conclusion
PayPal is a great option for collecting money online from Africa. Creating an account is quick and easy, and you have the choice of using your bank account or credit card to collect money. There are several ways to collect money with PayPal, such as asking your customers to send you the money or adding a donate button to your website. Don’t forget to factor in PayPal transaction fees when collecting money, so you don’t get caught off guard.
