First National Bank (FNB) recently released PayPal for South Africa after closing an exclusive deal with the international payment gateway. Consequently you may have heard the buzz emanating from SnapBill’s seamless integration of PayPal and be wondering how you, as a South African PayPal account holder, can enable and use this payment method. Read on to find out what the PayPal payment option in SnapBill entails, what you need to use the service and how to go about enabling it.

What PayPal integration means for the SnapBill user

If you are a FNB account holder you can now get a PayPal account which will not only allow you to send money, but also receive funds from millions of potential international customers. SnapBill has recognised the potential this holds for it’s users and integrated PayPal to offer all SnapBill users and their clients another safe and easy way to get their SnapBill invoices paid.

SnapBill currently supports payments for SnapBill generated invoices in ZAR and USD via credit card and Electronic Funds Transfer (EFT). With the new PayPal integration SnapBill users can also accept payments in USD via PayPal from any of the over 200 million PayPal users in 190 countries and regions. Only PayPal payments in USD are supported since PayPal payments are only done in USD (there is currently no support for South African Rand).

What you need to enable PayPal in SnapBill

You will need to have the following to use this service:

	A PayPal account
	Qualifying FNB personal or business current account (Visit the FNB website to view their conditions)
	A SnapBill account

How to Enable your South African PayPal Account on SnapBill

Enabling PayPal as a payment option on your Free or Premium SnapBill account its easy. Follow the steps below to enable PayPal on your SnapBill account:

1. Log in to the SnapBill online billing system
2. Click on Setup in the navigation menu on the left of your screen
3. Under the Setup section click on Payment
4. You will now see three payment options – Electronic Funds Transfer, Credit Card Payment and PayPal
5. Click the Enable button next to the PayPal heading
6. Enter your PayPal email address under Account Details and click Save Changes

You have now activated PayPal as a payment option for your SnapBill generated invoices. To disable PayPal as a payment option simply click Disable next to the PayPal payment option under Payments in the Setup section of your navigation menu on the left of your screen.

What does it cost?

SnapBill does not charge anything for this service! You will however be charged the associated fees from both PayPal and FNB.

PayPal charges 3.4% + $0.30 USD per transaction if your monthly sales are between $0.00 USD – $3,000.00 USD. PayPal charges no monthly or recurring gateway fees. In addition to the standard PayPal fees FNB also charges a transaction only fee of 1.5% when you withdraw money from your PayPal account to your South African bank account.

You will also need to take into account the Dollar to Rand conversion fees (and vice versa) charged by your bank. You should contact your bank for more detail regarding these and how they affect your payments.

For more information feel free to contact SnapBill support.