How To Send Money From Botswana To South Africa With Yellow Pay
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Clinton Nwachukwu
September, 13 2023
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The Benefit Of Improved Payment In Botswana
How To Send Money From Botswana To South Africa
How To Receive and Withdraw Money In South Africa Using Yellow Pay
Yellow Pay, The Cheapest Way To Send Money From Botswana To South Africa
Before now, sending money between Botswana and South Africa used to be an uphill task until the launch of Yellow Pay.
The high cost of payments, slow transaction times, and insufficient financial infrastructure have all contributed to the slow rate of payments in Botswana.
This article shows how you can send money cheaply and quickly from Botswana to South Africa at better rates using Yellow Pay without losing your money.
The Benefit Of Improved Payment In Botswana
There are numerous reasons why an improved way to send money in Botswana and across Africa is important.
We outline a few of the many benefits of using Yellow Pay in Botswana and Africa at large. They include;
- Financial inclusion to all.
Everyone has the desire to have control over their finances, and we seek to give power to the people. Yellow Pay seeks financial inclusion for Africa with a presence in over 16 countries. The goal is to offer a more sustainable way to make payments in Africa, and aiding this through each country's local countries is huge.
- Easy, fast, and limitless transaction Service
Traditional banks allow clients to store their finances in savings or current accounts, requiring prior notification before withdrawing a considerable amount.
On the contrary, Yellow Pay has proven more efficient and conducive, making for easy transfers without interruption.
- Low transaction cost
Financial transactions within and across national borders always have a price tag that varies depending on the amount you send.
Most cross-border transaction charges, especially for payments, are exorbitant. The good news is that Yellow Pay transactions have a zero fee.
How To Send Money From Botswana To South Africa
Yellow Card helps you easily send money from Botswana to South Africa without payment challenges. Here’s how to send money from Botswana to South Africa with no hassle:
- Sign up on Yellow Card and verify your account:
- On the homepage, select “Pay”, then click “Send.”
- Select the country code, enter the recipient's phone number, and tap “Check phone number.”
If the person isn’t a Yellow Card verified user, you can invite them to open a Yellow Card account. However, you can proceed to send them the money with their phone number.
- Enter the amount you would like to send. You’ll see the rand equivalent the receiver will get. Select the reason for sending, then tap “Next” to continue.
- Review the transaction details, then “confirm” the transaction
- That’s all! The receiver will receive a notification informing them that they’ve received the money.
If the person you send the money to isn't a Yellow Card customer, they receive a notification to sign up and receive the money. The amount will be refunded to your account if they don’t sign up within 7 days.
How To Receive and Withdraw Money In South Africa Using Yellow Pay
Yellow Pay allows you to also request money from your friends and family. You can easily receive money in South Africa. All you have to do is click on the “request” button, add the sender’s number, and the sender receives a custom message allowing them to send you money with ease.
Here’s how to receive money with Yellow Pay:
- Log in on Yellow Card. Sign up on the platform if you received money but are not a Yellow Card customer.
NB: Sign up only with the registered number the sender used when setting up your account. Once you sign up and verify your account, you’ll see the amount reflected in your account in your local currency.
- Withdraw to your bank account.
You can withdraw your rand directly to your bank account through either Electronic Funds Transfer (ETF) or Instant Bank Withdrawal
For Electronic Funds Transfer (ETF):
- Click on “Withdraw” and then the “Electronic Funds Transfer” Option
- Enter the amount you wish to withdraw
- Select bank account
- Confirm the transaction and enter your transaction Pin
For Instant Bank Withdrawal:
- Click on “Withdraw” and then the “Instant Bank Withdrawal” Option
- Enter the amount you wish to withdraw
- Select bank account
- Confirm the transaction with your pin
- That’s all! You’ll see the rand reflected in your bank account almost instantly.
Remember, the money in your account is yours, and you can choose to hold it in the account or withdraw it instantly at any time of your choice.
Yellow Pay, The Cheapest Way To Send Money From Botswana To South Africa
Beyond economic benefits, Yellow Pay seeks to drive Yellow Card is operational in over 16 African countries, allowing you to send money to any of these countries at no extra cost.
Yellow Card strives to make payments for everyone in Botswana and South Africa possible with the launch of Yellow Pay.
Disclaimer: Yellow Pay uses Yellow Card’s crypto exchange platform to complete customer transactions in USDT. Yellow Pay is not a money remittance or foreign currency exchange service
Disclaimer: This article is for information purposes only and should not be construed as legal, tax, investment or financial advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement or offer by Yellow Card to buy or sell any digital asset. There is risk involved in investing or transacting in digital assets, please seek professional advice if you require one. We do not assume any responsibility or liability for any loss or damage you may incur dealing with digital assets. For more information on Digital Asset Risk Disclosure please see - Risk Disclosure.