A direct debit or direct withdrawal is a financial transaction in which one person (or company) withdraws funds from another person's bank account. Formally, the person who directly draws the funds ("the payee") instructs their bank to collect (i.e., debit) an amount directly from another's ("the payer's") bank account designated by the payer and pay those funds into a bank account designated by the payee. Before the payer's banker will allow the transaction to take place, the payer must have advised the bank that he or she has authorized the payee to directly draw the funds. It is also called pre-authorized debit (PAD) or pre-authorized payment (PAP). After the authorities are set up, the direct debit transactions are usually processed electronically.
Supported Payment Methods:
Credit and Cheque cards issued by Visa and MasterCard are the most popular and trusted online payment methods around the world. Including South Africa.
Instant EFT allows online shoppers with access to internet banking to make an Electronic Funds Transfer (EFT) that gets instantly verified.
Mobicred is an online account that gives buyers access to credit, which they can use to pay you online.
MoreTyme is a flexible payment method from TymeBank that allows online shoppers to buy now and pay in full later, literally giving customers more time to pay for their purchases.
A free digital wallet from MasterCard that enables online shoppers to quickly and securely check out and make online payments.
Debit cards issued by Maestro and Visa Electron are still popular among many South African shoppers, and can be used to make online purchases.
Debit cards issued by Maestro and Visa Electron are still popular among many South African shoppers, and can be used to make online purchases.
S-Code is a voucher based payment system with which buyers can make online payments without the need for a bank account or a credit card, but can instead complete online purchases in-store.
Shoppers can pay for their online purchases in-store at one of more than 6,000 retail outlets across South Africa.
To use S-Code for payment: