Payment Methods

InstantEFT

We're currently updating this Payment Method page!
In the meantime, feel free to explore our other available payment methods.
Other payment methods
Payment Methods

InstantEFT

Meet Instant EFT (Electronic Funds Transfer), a widely used online payment method in South Africa. It allows for the immediate transfer of funds between bank accounts, making it a convenient choice for various financial transactions.

Commonly used for online purchases, bill payments, and other transactions, the term "instant" emphasizes the speed of the transfer. Unlike traditional EFT payments that may take a day or more to clear, instant EFT enables swift and real-time fund transfers. Instant EFT offers a convenient and seamless payment solution for consumers and businesses in South Africa. Through instant EFT, users can make payments directly without the need to close their app or navigate to a separate banking interface, enhancing the user experience by minimizing disruptions.

Once customers select instant EFT, they choose their bank, log in to their online banking portal, authorize the payment, and, almost instantly, see the funds reflected in the recipient's account. This streamlined approach provides a quick and efficient means of completing financial transactions.

Now, the power of Instant EFT is within reach for international merchants, thanks to Tazapay's international payment gateway. We enable you to provide Instant EFT as a local payment option for our South African customers. This means you can tap into the vast South African market, facilitate transactions in a method familiar to your customers, and enjoy enhanced conversion rates.

Discover the potential of Instant EFT with Tazapay, and extend your business horizon into the thriving South African market.

Features
Coverage
Consumer:

South Africa

Merchant:
Global 
Payment Flow
Redirect
Pricing
1.00%
Payment Type
Local Bank Transfer
Refunds
Partial Refunds
Chargebacks
3D Secure
Instant
Recurring
Buyer Protection

Why use InstantEFT

Enquire to integrate
01

Clears immediately; no two-day wait

02

Supports 9 different South African banks

03

85% of South Africans are banked

04

Invoice in currency of your choice*

*See full list of currencies here

05

Second most popular online payment method in South Africa

06

How It Works

01
The buyer selects their bank and logs in using their online banking credentials.
02
Next, they choose from which account they will be making the payment.
03
Buyers then verify the payment with their bank on their mobile device.
04
Payment is completed
05
06
07

Other Payment Methods in

No items found.
See Features