Capitec Bank is one of the most used banks by South Africans with over 120,000 customers throughout Africa. How do you make cash transactions from PayPal in with Capitec Bank? In this post we will show you the Capitec Routing Number For PayPal South Africa 2023.
Table of Contents
Why Use PayPal For Transactions In South Africa?
PayPal is one of the leading ecommerce merchants online today and was established by South African citizen Elon Musk. If you are looking to make an international purchase from South Africa, you can use PayPal as it is an internationally accepted payment solution.
As more and more international sellers are selling into South Africa, it is best to use PayPal to better manage your purchases and to provide you with a more secure online shopping experience. If you are an FNB customer you can also connect your FNB account with PayPal.
How to Link Your Capitec Global One Card To Your PayPal Account
Capitec Bank like any other bank such as Bank of America for example is compatible with PayPal and it is simple to link your Global One Card to your PayPal Account.
To link your Capitec account to PayPal you must first get your PayPal account verified for the Global One Credit Card. The verification varies slightly for Business and Personal PayPal accounts. If you only bank with Capitec, make sure your online banking profile matches the personal details on your PayPal account.
For linking your bank account to PayPal you will need:
- Capitec Global One Card with Mastercard.
- Email Address
- Phone number for SMS verification
- Money in your account for verification purposes
In most cases, there are no further required documentation if you have added your personal information correctly into your standard account.
Read also: Most Profitable business ideas in South Africa
What Is the Capitec Routing Number For PayPal?
If you are looking to send a domestic ACH transfer, you will need to the the ACH Routing Number 198765 for Capitec South Africa in 2023.
The Routing Number 198765 is for PayPal customers in South Africa for money transfers. You will have to include the routing number when sending ACH transfers to any PayPal Prepaid Account.
What Is the 9 Digit Routing Number For PayPal?
If you have had problems with the 198765 routing number when you used PayPal, the solution is simply to add the required number of zeros according to Capitec:
HI, simply add zeros if more digits are required.
— Capitec (@CapitecBankSA) May 19, 2018
How To Withdraw Money From PayPal To Capitec
To withdraw funds from your PayPal account to Capitec is easy. You must first have your PayPal and Capitec accounts linked as highlighted in this article above.
To proceed to make a withdrawal from PayPal, follow these steps:
- Click on PayPal Services
- Then click on Withdraw from PayPal
- Enter the transfer amount in Dollars
- Follow the instructions to confirm the exchange rate and the Rand amount that you will receive
- Ensure your account number is correct
- You will then be directed to PayPal Sign in and verify the amount that you are transferring
Received Money From PayPal
Once you have completed the steps above to withdraw funds, your fund will be transferred to your bank account within 3-6 business days after processing the transaction on PayPal.
