PayFast is one of the most popular and secure payment gateways for South Africa ensuring easy, secure and immediate payments from buyers to sellers on your classified ads site. PayFast accepts credit cards from all over the world: Visa, MasterCard etc. With PayFast you can charge your users for posting ads, banners, featured ads and other services provided through your classifieds site.
PayFast doesn't charge any setup or monthly fees all you have to pay for is a small percentage of transactions and also a Payout fee when you request money to be sent from your PayFast account to your bank account.
You can move your funds from a PayFast account to any linked South African Bank very easy (or schedule payouts) in particular, to ABSA, FNB, Nedbank и Standard Bank; you don't need any merchant bank account to collect payments with PayFast.
Once payment is completed, the buyer and seller will get notifications of a successful transaction. The seller can immediately arrange for delivery of his goods or services.
With all payments made on PayFast's secure page you may forget about costly certification including dealing and securing customers' credit card details.
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- Initial release