Instant EFT is PayFast’s patented, revolutionary method of completing online purchases by making an internet banking transfer (EFT) which gets instantly verified. There is no two day wait, you don’t need to send in proof of payment and it can be used with South Africa’s four biggest banks: ABSA, FNB, Nedbank and Standard Bank. Instant EFT puts you in touch with the large number of online shoppers without credit cards but with access to internet banking.
- Clears immediately; no two day wait
- No proof of payment required
- No delays during checkout
- Works on all browsers and platforms
Credit cards are one of the most widely used online payment methods and allows sellers to accept both local and international payments. Accept Visa and Mastercard credit card payments directly on your blog, website or shopping cart system. There are no monthly or setup fees, you only pay a small percentage of each successful transaction.
- Ease of use
- Receive local & international payments
- Payments reflect immediately in your PayFast account
- Built in fraud protection
In addition to credit and cheque cards, you can also accept debit card payments with PayFast and payD. Debit cards are much more prevalent in South Africa than credit cards and you’ll get access to the millions of buyers without credit cards. There is no risk of chargeback to the seller for no card authorisation.
Supported card-issuing banks:
- Standard Bank