Knowledgebase: General
Is my PayFast account a bank account?
Posted by Greg S on 20 Sep 2012 16:31

No, your PayFast account is not a bank account. It is electronic money stored in an online stored-value account. Any funds in your account can be moved to your bank account by clicking the Payout button. If you have a large amount of transactions, get in touch with us to set up scheduled Payouts (by a set time or amount).

Read more on automated payouts.