Payfast is South Africa’s most-loved online payments platform. We’ve just got a new look, but our determination to help businesses do better business means we’re just as slick, secure and seamless as ever.
payfast
How does PayFast work?
The buyer selects their bank and logs in using their online banking credentials. Next they choose from which account they will be making the payment. Buyers then verify the payment with their bank on their mobile device. The payment is processed and instantly reflects in your Payfast account.
How do you receive a payment from PayFast?
For each transaction, Payfast will process the funds and then pay out to your account upon request. Payouts are subject to a 48- to 72-hour holding period. You can also set up scheduled payouts with Payfast to receive funds automatically on a scheduled basis.
How long does PayFast take to transfer money?
approximately 2 working days
Each payment received is subject to a 48 – 72 hour holding period after which it will be eligible for payout. Payouts take approximately 2 working days to appear in your bank account.
What bank does PayFast use?
PayFast is an Instant EFT payment method available to all customers who bank with Capitec, African Bank, Bidvest, ABSA, First National Bank, Investec, Nedbank, Tyme Bank or Standard Bank. Select Instant EFT as your payment method during the checkout process and click on the PayFast option, selecting Instant EFT.
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