FX Paymaster was formed in 2015 to help people transfer money out of South Africa quickly and easily. Since then we’ve helped thousands of people transfer money all over the world. Our fee structure is simple, transparent and competitive. We’ll add 0.5% – 1.0% onto the exchange rate and only charge you R 250 in transfer fees.
Open a Free Account
When you register online, we’ll open a free Bank Account in your name at our partner bank. You will always fund your own account; we never handle your money directly.
Arrange a Transfer
Login, select the currency and amount you would like to transfer, and we’ll give you a great rate. To pay, you’ll need to make a bank transfer to your new account.
We’ll make your payment
Enter the beneficiary’s details for the account you would like to pay. Upload your supporting documents and we will handle the rest. Once complete, we’ll send you the SWIFT confirmation.
R 1 MILLION – DISCRETIONARY ALLOWANCE (DA)
Residents (natural persons) over the age of 18 years can make use of a single discretionary allowance of R1 million per individual per calendar year. No tax clearance certificate is required. If you have any questions about Discretionary Allowances, call us on +27 (0) 11 888 0125.
R 10 MILLION – FOREIGN INVESTMENT ALLOWANCE (FIA)
This allowance can be used to invest funds overseas and requires the applicant to have a green bar coded South African ID book and to obtain tax clearance from South African Revenue Services (SARS) before proceeding.
TREVORExcellent service, great rates! I found the whole process simple and convenient. The platform was easy to use and our money arrived with our suppliers quickly as promised. Great job..
vanessa VAN ZYou guys were awesome! We were going to use our bank until a friend recommended Sephorah. You were so patient and professional and knowledgeable. Thank you for all the support.
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