Instant EFT is PayFast’s patented, revolutionary method of completing online purchases by making an internet banking transfer (EFT) which gets instantly verified. There is no two day wait, you don’t need to send in proof of payment and it can be used with South Africa’s four biggest banks: ABSA, FNB, Nedbank and Standard Bank. Instant EFT puts you in touch with the large number of online shoppers without credit cards but with access to internet banking.
See the slideshow on the right for more information on this unique payment method.
Clears immediately; no two day wait
No proof of payment required
No delays during checkout
Works on all browsers and platforms
How it works
Instant EFT. Internet bank transfers without the two day wait. Click for more.
Your customers can make an electronic funds transfer (EFT) with SA’s four biggest banks: ABSA, FNB, Nedbank or Standard Bank, using a uniquely generated reference number.
Clicking the 'verify' button checks if the online banking transfer was made. No proof of payment needed.
Funds immediately appear in the seller's account
The buyer made a speedy and efficient online payment - without the need for a credit card.
Register your free PayFast accountto accept Instant EFT.