PayFast doesn’t charge any setup or monthly fees. Making payments is free, but we charge a fee for receiving payments. When you request money to be sent from your PayFast account to your bank account, we also charge a Payout fee. You don’t require a merchant account with your bank to use PayFast.
| Description | Fee (excl. VAT) |
|---|---|
| Setup fee | Free |
| Monthly fee | Free |
| Payout fee to bank account | R 8.77 |
| Receiving funds | |
| Instant EFT | 2.0% (minimum R2.00) |
| Credit & cheque cards | 3.9% (plus R2.00) |
| MasterPass | 3.9% (plus R2.00) |
| Debit cards | 3.9% (plus R2.00) |
| Bitcoin | 1.9% (discount rate) |
| mobicred | 3.5% |
All fees exclude VAT
FEE REDUCTION
We give discounts on the fees above based on monthly transaction volume. The month after which your volume surpasses a given bracket, you may apply to PayFast for a reduction in your fees as indicated below.
We also offer reduced fees for registered charities with our Cause accounts.
