|Payment Method||Fees (excl. VAT)|
|Instant EFT||2.0% (minimum R2.00)|
|Credit & cheque cards||3.5% plus R2.00 per transaction|
|MasterPass||3.5% plus R2.00 per transaction|
|Debit cards||3.5% plus R2.00 per transaction|
|SCode||4.5% plus R5.00 per transaction|
Calculating your fees: Using the table above, calculate the percentage of the total transaction amount. Some payment methods have an additional fixed fee per transaction that has to be added. Our fees are excluding VAT, to calculate your fee including VAT, you’ll need to add 15%.
Here is an example fee calculation based on a R200 credit card transaction:
- R200.00 x 3.5% = R7.00
- R7.00 + R2.00 = R9.00 (excl. VAT)
- R9.00 + 15% = R10.35 (incl. VAT)
The total fee payable on a R200 credit card transaction is R10.35 including VAT.
Payout Fee – R8.70 (excl. VAT)
Each time you request money to be sent from your PayFast account to your bank account, we charge a payout fee of R8.70. This is a flat fee that is not dependent on the amount being paid out.
The more you sell, the more you save
We offer a reduction in fees based on your monthly transaction volumes. If you would like to discuss what PayFast can do for your business, contact us today.
Support for all causes
Are you a registered non-profit organization? We offer reduced fees for charities and NPOs with our Cause accounts.