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?
PayPal is available in Egypt, but it comes with certain limitations. Users can transfer money to other PayPal users or businesses to pay for online goods and services. Payments can be made using Egyptian Visa, MasterCard, and AMEX credit and debit cards.
Receiving money is possible if users have a valid Visa credit card linked from a supporting bank. However, the Friends & Family payment option is not available, and users cannot manually top up their PayPal balance with a card. Withdrawals are only supported in Egyptian Pounds, and specific banks like CIB, Alex Bank, and HSBC accept PayPal withdrawals.
Fees and Charges for Using PayPal in Egypt
When using PayPal in Egypt, there are several fees and charges that users should be aware of. Here are the key costs associated with PayPal transactions in Egypt:
- Withdrawal fee: 79 EGP for on-demand withdrawals or free at the end of the month.
- Transaction fees: PayPal may charge a fee for each transaction, but specific rates are not detailed.
- Currency conversion fees: Fees may apply when converting currencies, though exact rates are not specified.
- Service charges: Additional service charges may be applicable, but specific details are not provided.
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 usability and convenience.
- No Friends & Family payments: Only Goods & Services transactions are allowed.
- Cannot top up balance: Users cannot manually add funds to their PayPal account.
- Withdrawals in EGP only: Money can only be withdrawn in Egyptian Pounds.
- Automatic monthly transfers: PayPal balance is transferred automatically at the end of each month.
- Meeza cards unsupported: Meeza cards cannot be used with PayPal in Egypt.
Alternative Payment Solutions in Egypt
1) OneSafe
OneSafe is a leading alternative payment solution in Egypt, offering a seamless blend of traditional and Web3 financial services. With features like simple onboarding, global payments, and multi-currency support, OneSafe stands out for its ease of use, lower fees, and exceptional customer support, making it a superior option.
OneSafe Reviews
OneSafe has received positive feedback from users who appreciate its seamless onboarding process, global payment capabilities, and multi-currency support. Users have rated OneSafe highly, with an average score of 4.5 out of 5, praising its ease of use and exceptional customer support. Check out more of our reviews here!
2) Wise
Wise is a reliable alternative payment solution in Egypt, offering international money transfers with real exchange rates and no hidden fees. Key features include transparent fee structures, quick transfer times, and high customer satisfaction. Wise ensures secure transactions, making it a practical choice for users needing efficient and cost-effective financial services.
Wise Reviews
Wise has an overall rating of 4.3 out of 5 based on 246,252 reviews. Users generally mention issues with the verification process and customer support, as well as concerns about transaction security. Check out more Wise reviews here.
3) Google Pay
Google Pay is a viable alternative payment solution in Egypt, offering seamless integration with local banks, secure transactions, and user-friendly features. It supports contactless payments, online purchases, and peer-to-peer transfers, making it a convenient and efficient option for managing everyday financial transactions.
Google Pay Reviews
Google Pay for Business has a rating of 4.6 out of 5 stars. Users generally mention issues like payment delays, connectivity problems, and occasional difficulties with customer support. 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, but only if you have a linked Visa credit card.
Are there any fees for withdrawing money from PayPal in Egypt?
Yes, there is a 79 EGP fee for on-demand withdrawals, but it's free at month-end.
Can I use Meeza cards with PayPal in Egypt?
No, Meeza cards are not supported for PayPal transactions in Egypt.
Is it possible to top up my PayPal balance with a card in Egypt?
No, users cannot manually add funds to their PayPal balance using a card.
What currency can I withdraw from PayPal in Egypt?
Withdrawals are only supported in Egyptian Pounds (EGP).
Conclusion
Choosing the right payment solution in Egypt is crucial due to the limitations of PayPal. Alternatives like OneSafe offer better features, lower fees, and superior customer support. Explore OneSafe for a seamless financial experience. Sign up today!
