Instant EFT

Instant EFT
ABSA  FNB  Nedbank  Standard Bank

Instant EFT is PayFast's patented, revolutionary payment method which allows you to pay via regular Internet banking from the major South African banks without having to wait 2 days for the funds to clear or having to fax proof of payment.

Unlike other systems, no special software is required to use Instant EFT and our system works across all browsers.

Benefits for you

  • No 2 day waiting period
  • No proof of payment required
  • No disclosing of your financial information
  • No delay in checkout process
  • No special software required

How it works

  1. You select items to buy on some eCommerce site, and click Checkout when you are ready to pay.
  2. You select PayFast (or Instant EFT) as your payment option and are redirected to PayFast.
  3. You either register or login on PayFast and select Instant EFT as your payment option.
  4. PayFast prompts you to pay the appropriate amount via Internet Banking to the specified account with a special reference.
  5. You open a new browser window and log into your Internet Banking and pay the appropriate amount to the "PayFast" beneficiary/recipient (details will be provided).
  6. After you've successfully paid, you log off Internet Banking, close the browser window and return to the PayFast payment window
  7. You then click the Verify Payment button.
  8. PayFast verifies that your payment has been received, completes the transaction and then returns you to the eCommerce site
  9. You receive confirmation of the transaction by email.
  10. As the funds have been confirmed, the Merchant starts shipping your goods right away!

Frequently Asked Questions

Which banks do you support?

Currently we support payments from ABSA, FNB, Nedbank and Standard Bank.

What if I don't bank with one of the supported banks?

You will unfortunately, not be able to use Instant EFT for the moment then, but you can still make use of credit cards or Ukash to pay online.

Do I need to send proof of payment to you or the merchant?

No, you don't need to send proof of payment to either of us. PayFast's system confirms that the actual funds have been transferred so there is no need for an email or a fax from the bank as further confirmation.

Why is the payment so fast!

We hold bank accounts at ABSA, FNB, Nedbank and Standard Bank. When you pay, you pay into a bank account held at the same bank as your own. Because it's an internal transfer, the payment takes place instantly and we're able to positively acknowledge that the funds have reached our account in a matter of seconds!