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Rank: Starting Member
Groups: Registered
Joined: 4/11/2006 Posts: 1 Location: ,
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Paypal says:
"As of June 2005, South African residents are able to open a PayPal account, and can only send payments at this time. South African residents may not use PayPal to receive payments. PayPal continues to research how best to expand its offering in South Africa."
It is now April 2006. What is the status quo currently?
Did you get it all this weekend?
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Rank: Starting Member
Groups: Registered
Joined: 5/12/2006 Posts: 25 Location: ,
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As I have researched, it depends on PayPal's policies to work in conjunction with the exisiting financial laws, banking system and online readiness of the country.
Most of the time this will relate to the anti-money launderings laws in place (or not yet by your government).
You need to understand that they want to expand in every country but they need to work with complex details and process of banking system in a particular country.
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Rank: Starting Member
Groups: Registered
Joined: 6/25/2007 Posts: 2 Location: ,
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Hello
Has anyone heard how far along PP is with allowing South African's to open a "receive payment" account?
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Rank: Starting Member
Groups: Registered
Joined: 4/13/2007 Posts: 4 Location: ,
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<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica" id="quote">quote:<hr height="1" noshade id="quote">Originally posted by Jevon You need to understand that they want to expand in every country but they need to work with complex details and process of banking system in a particular country. <hr height="1" noshade id="quote"></blockquote id="quote"></font id="quote"> well, it sure doesn't seem like that. They only want to expand to big countries because it is easier to make profit from them, but they don't care about smaller countries. Estonia was added into 'send only' list at the same time with Poland, Hungary and Czech Republic, about a year ago these three countries were enabled to receive payments, but Estonia was left in 'send only' list even though we are technologically more advanced and also in EU.
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