Since the online freelancing career has been evolved and became very popular among Egyptian users, the presence of an effective commonly-used online payment method became a necessity. PayPal Egypt allows you to sell your products or services to customers and clients from around the world.
You may use your credit or debit card to make payments online with ease, but to receive payments from companies or clients the only available option was Bank Transfer. PayPal has been one of the oldest and most trusted online payment methods that have been used worldwide.
Back in 2009 when we started our online freelancing career on sites like Upwork (formerly oDesk), we were getting paid via a bank transfer. It worked like a charm but with higher fees than if PayPal Egypt was available and functioning for Egyptian users at that time.
Lately, in 2014 PayPal Egypt has been introduced and made available to Egyptian users with a limited access to send money only. Recently, PayPal Egypt accounts have been enabled to send and receive money worldwide.
UPDATE: You cannot use your PayPal balance to pay or send payments to other parties. You’ll need first to withdraw your available balance to your credit card or U.S Bank account, then send payments from your credit or debit card.
How to Use PayPal in Egypt:
In order to open an account with PayPal Egypt, you’ll need to go to the PayPal website. You will need then to click on Get Started. It will then ask you whether you want to open a business or a personal account.
I would recommend that you start with a personal PayPal account. Later on, if you like to go for a business account, you will be able to upgrade your personal one to a business account with a click of a button via PayPal Dashboard.
You’ll be asked then to fill in your personal details like Name, Address, Phone Number, etc. Once done, you will be asked to fill in your credit card information which you want to use to send or receive money.
As a PayPal Egypt User, You may be able to add a debit or credit card to send payments via PayPal, but in order to receive your money; you need to add a credit card. After opening up your account with PayPal Egypt, you need to follow the following steps to lift the limits and start receiving money into your PayPal account:
# Confirm your Email Address.
# Add a Credit Card (Issued by a bank in Egypt) and Verify it.
After adding your credit card, PayPal will attempt to charge your card a little amount. You will need then to contact your bank to ask about how much the amount charged by PayPal was. Then, you will need to go back to PayPal and enter the amount in digits and click Verify.
Congratulations! As now, your account should have been created, verified, and ready to send and receive payments online without any limitations or restrictions. You can always add a new card, edit or remove the old card.
Must Read: How to Use Paypal in Egypt? (Truthful Q&A)
Withdraw Money PayPal Egypt?
Kindly be noted that you can use either a debit card or a credit card to send payments via PayPal without any issues at all. In order to receive payments from PayPal Balance to you, It could be done via two ways:
- Withdraw to a Credit Card (Issued by any bank in Egypt).
- Withdraw to a US-based Bank Account.
PayPal Egypt is not yet allowing their Egyptian users to withdraw to their bank accounts in Egypt. You can alternatively withdraw the balance amount to your credit card with the national currency.
As a quick straightforward solution, you can ultimately use:
- DixiPay Prepaid Visa Card
to withdraw your money from PayPal Egypt in USD.
The other available method to withdraw your balance is US-based Bank Account. It may not be available for many of users to open a US based Bank account.
Credit Card Issuance:
Many banks in Egypt issue credit cards based on a fixed deposit. For example, when you make a certain fixed deposit of 7,000 EGP, The bank can issue you a credit card with 5,600 EGP limit.
I got my very first credit card this way with the same limit and it worked perfectly fine for me. I strongly recommend that you get your credit card if you’re serious about building your online career.
UPDATE: It costs $5 USD fee to withdraw money from PayPal Egypt to your credit card in Egypt. For example, If you’re withdrawing $100 from your PayPal balance to your credit card, The net amount you will receive is $95 USD in your credit card local currency EGP.
PayPal Egypt: How To Receive Money?
Receiving payments on PayPal has never been easier. There are a couple of different ways to receive money to your PayPal account. Here we go:
Give PayPal email address to clients & ask them to send money.
Create invoices on PayPal & Send them to your clients.
Request a payment from a client via your PayPal account.
Use PayPal Me and get a personalized professional payment URL.
30 – Day pending balance:
Now you’ve verified your PayPal account with your credit card and it’s ready to receive payments from companies and clients worldwide. PayPal will send you another email with the subject: “30 – day pending balance“.
It means that any payments you will receive to your PayPal account will be subjected to pending balance rule until you create a successful seller history with PayPal. The payments you receive belong to you; however, they will be added to your pending balance for 30 days or less. After that, they will be released to your available balance.
The reason behind this rule is that PayPal Egypt wants to verify your identity, selling activity, and transactions before you’re having an instant access to the money received.
In the email, it’s mentioned clearly that after you have a successful selling history with us, we will make all your payments available soon after customers send you payments.
-$0.01 USD per day:
As PayPal Egypt user, when I click on See how much you can send with PayPal link in the Dashboard. It redirects me to another page where it’s saying the following:
Your daily card withdrawal limit is: -$0.01 USD per day
-$0.01 USD Remaining
I messaged PayPal Egypt customer service about this issue, and they stated that upon checking my account, they couldn’t find any issues or limitations to my account. They also mentioned that my account has no withdrawal limitations at all and this text above shouldn’t indicate any problem or issues.
Furthermore, on my latest withdrawal experience, I had no issues or limitations at all. I could successfully withdraw different amounts each time without any issues.
Here’s the reply I received from PayPal Egypt Support Staff when I messaged them about it: Your account is in a very good standing, eligible for sending, receiving and withdrawing funds.
PayPal Egypt Fees:
Understanding the associated fees with any service is crucial. Here, I’m mentioning about the applied fees when you open and use PayPal Egypt. Please check below:
Receiving Payments Fees:
Monthly Sales: $0.00 USD – $2,500.00 USD.
Price Per Transaction: 3.9% + $0.30 USD.
Monthly Sales: $2,500.01 USD – $10,000.00 USD.
Price Per Transaction: 3.4% + $0.30 USD.
Monthly Sales: $10,000.01 USD – $50,000.00 USD.
Price Per Transaction: 3.2% + $0.30 USD.
Sending & Withdrawal Fees:
Withdrawal To Credit Card: $5 USD.
Send Payment: FREE!
And it’s completely FREE to open a PayPal Egypt account!
For more information about PayPal Egypt fees, visit their site page here.
Start Using PayPal Egypt:
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