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)|
|Payout fee to bank account||R 8.77|
|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)|
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.