|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|
|Zapper||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.
Flat payout fee
Each time you request money to be sent from your PayFast account to your bank account, we charge a payout fee of R8.70, regardless of the value of the payout.
Talk to us! Our fees are negotiable
We care about your business, so chat to our sales team about reducing your rates. We offer lower fees based on your monthly transaction volumes. If you are a registered non-profit organisation, you can benefit from reduced fees with our Cause accounts.