In South Africa, there have been many electronic payment gateways that help citizens facilitate financial transactions. In this article, we will present to you the most famous types of online payment gateways in South Africa.
Best Online Payment Gateways in South Africa 2019
It is a service that enables you to pay, send money, and accept payments. Register your credit card or debit card with your PayPal account. It supports online money transfers and serves as an electronic alternative to traditional paper methods like checks and money orders.
It supports all prominent credit cards: Visa, Mastercard, American Express, Citibank, and more. To start drop shipping, you will need a business PayPal account. Features of PayPal:
- Accept Payments Online.
- Barcode Scanning.
- Bill Me Later.
- Credit Card Reader.
- Express Checkout.
- Inventory Tracking.
- Mobile Card Reader.
- Online Invoicing.
It was a UK-based electronic money system that allowed users to exchange their cash for a secure code to make payments online. It was acquired by Skrill Group in April 2014 and merged into Austrian competitor Paysafecard, acquired by Skrill a year earlier. All existing vouchers expired after 31 October 2015.
Ukash users were given a unique 19-digit code representing their prepaid money, this was entered when making a transfer, payment or purchase online. If the purchase was less than the value of the code a new 19-digit code could be provided by merchants able to issue Ukash, just like the change in an offline cash transaction.
The electronic funds’ transfer (EFT)
It is an electronic transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, via computer-based systems, without the direct intervention of bank staff.
It is a transaction that takes place over a computerized network, either among accounts at the same bank or to different accounts. It is easy and convenient. It is fast and secure. It is efficient and less expensive than paper cheque payments and collections.
It is a mobile phone-based money transfer, financing and microfinancing service, launched in 2007 by Vodafone for Safaricom and Vodacom, the largest mobile network operators in Kenya and Tanzania. It has since expanded to Afghanistan, South Africa, India and in 2014 to Romania and in 2015 to Albania. Using M-Pesa allows those without a bank account to transfer funds as quickly and easily as sending a text message.
Cell Pay Point
A secure, easy to use online payment solution, that is not limited to credit card payments. Shopping with Cell Pay Point. Cell Pay Point for my business. Online banking clients at FNB in South Africa can use this payment method to pay merchants using their mobile phones.
It is mobile payment, customer loyalty and rewards platform. it allows your customers to pay using their smartphone without having to call the waiter back to the table. Customers scan the QR Code and you’re paid in seconds. Payments are quick, secure and effortless and you spend less time and money taking payments and chasing up invoices.
It is an application that allows users to pay their bills using a mobile phone. It generates a QR Code on customers’ phone for every transaction and there is no physical handling of credit cards or cash making it a secure mobile payment app on the market.