12 June 2020
Best way to send money to South Africa
South Africa is a beautiful and diverse country home to stunning scenery and wildlife. Around 600,000 South Africans live and work abroad across North America, Europe, Australasia and Africa.
Many of these expats send money to friends and family in South Africa on a regular basis, and so they need fast, simple and low-cost money transfers so they have a stress-free experience when sending money abroad!
How can I send money to South Africa?
Traditionally, the best way to send money to South Africa would have been going into a high-street bank, post office or remittance outlet, and sending funds with the help of a cashier. These are the best methods for people who don’t feel confident sending money themselves, but there are now other options which can be faster and cheaper than these methods - online money transfer platforms.
Sending money online from home lets you avoid queues and can save money on high processing fees.
Paysend is a clear and simple mobile app which allows you to send money abroad from your smartphone or laptop. Over 1.8 million users already benefit from Paysend’s online money transfer services, and we’ve received over 10,000 Trustpilot reviews with 89% of people rating us as ‘excellent’.
With Paysend you can send money directly to a credit, debit or prepaid Mastercard in South Africa.
How much does it cost to send money to South Africa?
It costs just £1 to send money to South Africa from the UK with Paysend, no matter how much you want to transfer. So if you want to send £50, £500 or £5000 from the UK to South Africa, it will always cost you just £1.
How much will my recipient receive?
Paysend uses excellent, competitive exchange rates which, along with our low, flat fees means that we offer some of the cheapest money transfers to South Africa available. We’ll let you know how much your recipient will receive before you confirm the transfer. On our homepage you’ll find a handy currency conversion tool that’ll tell you exactly how much will be received in South Africa.
How long does it take to transfer money to South Africa?
Money sent using Paysend will usually reach the recipient in South Africa within a few seconds of being sent, although could take up to three days working days if your recipient’s bank isn’t quite as quick as us at processing payments!
Download the Paysend app now to start sending money cheaply and quickly to South Africa.