Payfast, out of South Africa is a paypal like service. The site bill’s itself as a payment processing system and has already integrated with bid or buy.
For merchants payfast offers several ways to recieve money:
- Request Money: No coding or skills required
- Pay Now Button: Basic HTML skills required
- Website Payments: Using the API, Programming skills required
- Payment Data Transfer and Instant Transaction Notification provide additional reliability and enhanced security.
For personal users and shoppers, payfast offers a personal account which allows you to send up to R20,000. The most interesting feature it offers is EFT transfers rather then credit card payments, for people who have had problems making payments with paypal, payfast will be a good relief. The registration for the website is quick and easy as well.
Thanks to Eved for the tip
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This is a great thing for SA, just a pity the site has such a ugly design.
[...] Here is South Africa's answer to PayPal: “Payfast, out of South Africa is a paypal like service. The site bill’s itself as a payment processing system and has already integrated with bid or buy.” Posted by Ndesanjo Macha Print Version Share This [...]
I agree with @esvl, this is great news for local internet business owners and hopefulls, but the site itself leaves a lot to be desired. Oh well if it does the job who cares right?
I tried Payfast after seeing this review (and I’m late with my response, sorry :/).
It’s a good service, albeit limited in reach. FNB -> Payfast -> Bidorbuy was excellent, which bodes well for bidorbuy shoppers, but not much else.
I have yet to see a decent South African merchant other than bidorbuy making use of Payfast’s merchant service. Then we can really start comparing.
~ Wogan
Hi…
I am also looking at PayFast, but need some more info before I continue. Want to see others try it, actually start up something so we can see how it performs.
Or I should be the first, other than BoB, to integrate it. Their fee structure is not too bad, as they also charge VAT. I wonder what the implications might be if my site actually works and make money, do I need to register a CC then to get a VAT reg number??