I’ll be on holiday basically (travelling as a tourist with my family), all my customers will pay to the same bank account in my home country as they always do. Iv’e got to a point where I don’t have to work hard to keep business going (recurring revenue). The point would be to get local cash without the 3% “convenience” fees + exchange fees + atm fees.
I found a local bank with an extremely low fee option for international withdrawals but once again its hyper restricted and illegal to use the card overseas under certain circumstances (including not having a return air ticket).
I would rather deal with the Thai restrictions then the local ones, whatever cruel laws other countries can think of, the South African government can and will “improve”.
We actually pushed our trip forward 6 months before the “travelling with children” law comes into affect on June 1 since they are taking too long to process documents, so 4 hours after I leave I am not allowed to ever return until I find an embassy that can print an unabridged birth certificate.
South Africa is fantastic and beautiful if your visiting, but as a local (who pays tax) it’s like waking up to a punch in the face everyday. We are now forced to pay VAT on international purchases and if you touch an online casino or lottery you go to jail for 10 years. It’s also illegal to spend more than $80k a year abroad, so if your doing well you need alternate banking options.