In this article, you'll discover whether PayPal works in Egypt, explore some drawbacks if it is available, and consider potential possibilities. Stay tuned to find out more.
Does Paypal Work In Egypt?
Yes, PayPal works in Egypt, but there are specific limitations and requirements. Users can transfer money to other PayPal users or businesses, pay using Egyptian Visa, MasterCard, and AMEX cards, receive money if they have a valid Visa credit card linked, send invoices for business payments, and withdraw money to their Egyptian Visa Credit Card.
However, users in Egypt cannot use the Friends & Family payment option, manually top up their PayPal balance, withdraw money in foreign currencies, keep money in their PayPal balance indefinitely, or use Meeza cards. These restrictions mean that while PayPal is functional, it may not offer the full range of services available in other countries.
Fees and Charges for Using PayPal in Egypt
Here are some general costs that users might encounter when using PayPal in Egypt:
- Withdrawal fee: 79 EGP for on-demand withdrawals
- Automatic transfer fee: No fee for end-of-month automatic transfers
- Transaction fees: Standard transaction fees apply as only the Goods & Services payment option is available
- Currency conversion fees: Standard currency conversion fees apply when converting to Egyptian Pounds
Is PayPal the Best Option in Egypt?
Even though PayPal is available in Egypt, it might not be the best option for users due to several limitations and restrictions that can hinder its functionality and convenience.
- No Friends & Family option: Only Goods & Services payments are allowed.
- Cannot manually top up balance: Users can't add funds using a card.
- Withdrawals only in EGP: Foreign currency withdrawals are not supported.
- Automatic balance transfer: Money is transferred at the end of the month.
- Meeza cards not accepted: Users cannot use Meeza cards with PayPal.
Alternatives to PayPal in Egypt
1) OneSafe
OneSafe is a leading alternative payment solution in Egypt, offering a seamless and user-friendly experience. With lower fees, efficient onboarding, and robust customer support, OneSafe stands out as a superior option. Key features include global payments, multi-currency support, and corporate cards, making it ideal for modern financial operations.
OneSafe Reviews
Users have praised OneSafe for its comprehensive financial services, including ACH, Crypto, Wire deposits, and Virtual cards. They appreciate the bank's support for most businesses, calling it the best bank they have used so far. The positive sentiment highlights OneSafe's efficiency and user-friendly experience.
2) Wise
Wise offers a multi-currency account, enabling users in Egypt to manage over 40 currencies. Key features include low-fee international transfers, global account details for receiving payments, and a Wise debit card for worldwide transactions. Benefits include cost savings, transparency, speed, and robust security measures.
Wise Reviews
Wise has an average rating of 4.3 out of 5 on Trustpilot. Users generally mention issues with delays in transfers and concerns about the ethical implications of Wise's association with BlackRock. Check out more Wise reviews here.
3) Google Pay
Google Pay is a versatile payment solution available in Egypt, offering seamless transactions and robust security. Key features include contactless payments, integration with various bank accounts, and the ability to store multiple cards. Benefits include ease of use, enhanced security, and widespread acceptance, making it a practical choice for users.
Google Pay Reviews
Google Pay has an average rating of 4.6 out of 5 on G2. Users generally mention issues with payments getting stuck or delayed, and occasional connectivity problems. Check out more Google Pay reviews here.
Frequently Asked Questions about PayPal in Egypt
Can I receive international payments with PayPal in Egypt?
Yes, you can receive international payments if you have a valid Visa credit card linked.
Are there any fees for receiving money on PayPal in Egypt?
Receiving money is generally free, but currency conversion fees may apply if applicable.
Can I withdraw money from PayPal to my Egyptian bank account?
No, you can only withdraw money to an Egyptian Visa credit card, not a bank account.
Is it possible to use PayPal for online shopping in Egypt?
Yes, you can use PayPal for online shopping with merchants that accept PayPal payments.
Can I link my Meeza card to PayPal in Egypt?
No, PayPal does not support linking Meeza cards for transactions in Egypt.
Begin Your Journey with OneSafe Today!
Choosing the right payment solution in Egypt is crucial due to the limitations of PayPal. Alternatives like OneSafe offer more comprehensive services, including global payments and multi-currency support. Explore OneSafe for a seamless financial experience. Sign up to OneSafe today!
