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Visa application charge payment option for international transactions over R50,000 for residents of South Africa

Visa application charge payment option for international transactions over R50,000 for residents of South Africa

 

The Reserve Bank of South Africa has changed the limit allowed for international transactions via credit card to R50,000 per transaction. 

Below is an extract from the Reserve Bank of South Africa document entitled “Currency and Exchanges guidelines for individuals, 2019-07-18”

 

3.7.1 Import payments via credit and/or debit cards

Individuals with locally issued credit and/or debit cards are permitted to make foreign currency payments for small transactions (e.g. imports over the Internet) by means of such credit and/or debit cards. Payments are limited to R50 000 per transaction. Cardholders will, however, not be absolved from ad valorem excise and custom duties or from complying with the requirements imposed by Customs. Any singular transaction exceeding R50 000 may not be split to circumvent the limit applicable to this dispensation.

If your visa application charge is over R50,000, you are able to request a limit increase from the Reserve Bank of South Africa. 

The other payment option available to residents of South Africa for transactions over R50,000 include:

·         PayPal -  The system in South Africa is operated through FNB bank.  Please consult your bank regarding any transfer exceeding R50,000.             

Refer to the this link for additional information relating to applying online or on paper.