PayFast is a payments processing service for South Africans and South African websites. We enable easy, secure and instant transfer of money from online buyers to sellers.
We allow sellers –individuals, businesses and charities– to accept secure payments from online buyers in a variety of ways. We process credit cards from anywhere in the world, Instant EFT (bank transfers with SA’s four biggest banks that get instantly verified), Bitcoin and more.
How does it work?
Sellers with a (free) PayFast account can enable some (or all) of our supported payment methods on their site. PayFast works with dozens of powerful eCommerce platforms and doing custom integration is a breeze.
When a buyer clicks to pay, they get to choose their preferred payment method and securely completes the transaction on PayFast’s servers.
After payment has been completed, the buyer and seller are both notified of the successful transaction. The seller can immediately start fulfilment of their goods or services.
All transaction details and payments received, minus our modest fees, reflect instantly on the seller’s PayFast account.
The funds can be moved from the seller’s PayFast account to any linked South African bank account type at the click of a button (or via Scheduled Payout). No merchant bank account is required to receive payments with PayFast.
Since all payments happen on PayFast’s secure infrastructure, merchants needn’t worry about costly certification nor seeing, storing or securing their customers’ financial information.