Receiving international payments in South Africa has often come with its fair share of challenges — from high transfer fees and delayed processing times to limited access to foreign currency accounts. For freelancers, remote workers, and businesses that earn in US dollars or other foreign currencies, these hurdles can be frustrating.

However, with the rise of digital banking platforms, receiving international payments in South Africa is now faster, easier, and more affordable. In this guide, we’ll explore the best ways to receive international payments in South Africa and why Grey is the smartest option for seamlessly receiving your international income.

Also read: How to get an instant USD debit card in South Africa

Challenges of receiving international payments in South Africa

1. Slow processing times: International wire transfers through traditional banks can take 3–7 business days to clear, which may disrupt your cash flow,especially when you rely on consistent payments.
2. High bank charges: Traditional banks often impose steep wire transfer fees and may also deduct a percentage from the received amount as processing or intermediary charges
3. Poor exchange rates: Many banks and platforms offer marked-up exchange rates, causing freelancers to lose a significant portion of their income during currency conversion.
4. Limited US account access: Not all banks provide access to US bank accounts for freelancers, and opening one can involve complex paperwork, minimum balance requirements, or even account maintenance fees.

Also read: How to receive payments from Upwork in South Africa in 2025

Best platforms to receive international transfers in South Africa

To receive global payments faster and more affordably, many South African freelancers are turning to digital platforms designed for international transactions. Here are the most reliable options:

1. Grey: Grey provides freelancers with  US, UK, and EU bank accounts, making it easy to receive wire transfers from international clients. You benefit from fast processing times, competitive exchange rates, and zero hidden fees. Once received, funds can be converted and withdrawn to your South African bank account.
2. Payoneer: A well-known platform for freelancers and e-commerce sellers. Payoneer offers multi-currency receiving accounts, fast payment processing, and the option to withdraw directly to a South African bank account. However, its fees may be higher than some alternatives.
3. Wise: Wise allows freelancers to receive money in USD, GBP, and other major currencies. Its mid-market exchange rates and transparent fees make it a favourite among those who value clarity and cost-effectiveness.
4. Skrill: While less popular than the others, Skrill offers a way to receive payments globally, although it’s more commonly used for smaller transactions or by clients in specific industries.

How to get a US bank account in South Africa

Getting a US account in South Africa is essential for freelancers, remote workers, and entrepreneurs who want to receive international payments efficiently. If you're looking for a seamless way to hold and manage USD earnings, here’s how to do it with Grey:

Sign up on Grey

Head over to Grey’s website or download the mobile app and create an account using your email address.

Complete verification

Upload the required documents, such as your South African ID or passport, for identity verification. Grey ensures a secure and compliant onboarding process.

Access your US account details

Once verified, you’ll be issued a  US bank account. Your  details including your routing and account number), can be shared with clients or payment platforms like Upwork, Fiverr, or direct overseas clients.

Also read: How to receive Amazon payments in South Africa

Start receiving international payments

Use your US account to receive payments from global clients or employers without the usual restrictions, delays, or high fees.

Withdraw or hold your funds

You can either convert your USD to ZAR at competitive rates and withdraw it to your local bank account, or choose to hold it in your Grey wallet for future use.

Simplify your global payments

As a freelancer in South Africa, receiving international wire transfers shouldn’t cost you time or money. With the right platform, you can accept payments globally without the stress of delays or high fees. Grey stands out for its simplicity, fast processing, and transparent exchange rates,giving you control over your global income. Sign up for a free Grey account today.

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