The PayFast payment gateway supports using the South Africa PayFast payment gateway, which uses a quick and simple payment wallet to sign-up and manage purchases. It accepts credit cards including Visa and Mastercard, or PayFast’s own payment method which lets you pay via regular Internet backing without having to wait 2 days for funds to clear. When a customer chooses PayFast to complete a transaction, they’ll be redirected to your PayFast merchant account for them to log in and make payment before being redirected back to your store. If you’ve signed up for PayFast, you’ll just need to set your base country to “South Africa” and your currency to “South African Rand” for the option to become available.
Fees and pricing
PayFast doesn’t charge any setup or monthly fees. Making payments is free, but we charge a fee for receiving payments. When you request money to be sent from your PayFast account to your bank account, we also charge a Payout fee. You don’t require a merchant account with your bank to use PayFast.
|DESCRIPTION||FEE (EXCL. VAT)|
|Payout fee to bank account||R 8.77|
|Instant EFT||2.0% (minimum R2.00)|
|Credit & cheque cards||3.9% (plus R2.00)|
|MasterPass||3.9% (plus R2.00)|
|Debit cards||3.9% (plus R2.00)|
You need to register for PayFast account to use their payment services.