Instant EFT by PayFast allows online shoppers with access to internet banking to make an Electronic Funds Transfer (EFT) that gets instantly verified.
Scale your business with PayFast’s fastest growing payment method
An EFT is the second most popular online payment method in South Africa after credit and cheque cards. Activate Instant EFT as a payment option in your PayFast account and give customers the choice to create an Instant EFT payment automatically on our system or to load the payment themselves through their preferred banking portal.
Instant EFT supports 6 South African banks:
ABSA, Capitec Bank, FNB, Investec, Nedbank, Standard Bank
Benefits of Instant EFT
- Clears immediately; no two day wait
- No proof of payment required
- No delays during checkout
- Only pay a small all-in-one transaction fee when you make a sale
To start accepting Instant EFT payments on your website, register for a free PayFast account.