There has been a lot of speculation in South Africa lately about the (final) arrival of Paypal. For many years now South Africans could use paypal to SEND money, but were not able to use paypal to receive money. There were many reasons for this, most notably, the fact that South Africa still uses archaic exchange regulations and has a very tight-fisted Reserve Bank and Monetary Policy.
That’s more than enough material for another debate, but today I want to discuss my views on Paypal.
Many of the people I talk to say that they can’t make a success using the Internet because there is no access to Paypal for South Africans. I quickly point out that I very successfully use 2checkout.com which is perfectly legal (even for South Africans) and have seamlessly received money into my South African bank account through a basic SWIFT transfer. 2checkout.com also allows people to pay via their paypal accounts.
So why are people still harping on about paypal.com? I think that it’s simply an excuse… “I can’t make a success because…” After all the pain and integration and time it takes for FNB to set up paypal.com in South Africa I can see another string of excuses coming along about why the banks/reserve bank/government/universe is preventing people from succeeding.
You have to make the decision now: Are you going to play victim or not?