Faster payouts mean satisfied customers
Automated notifications are sent to the merchant as soon as an outcome is received from the bank.
Our API allows merchants to tailor the payout experience to their customers.
Merchants can utilise funds in their float for either payouts or refunds.
Funds reflect in customer accounts within minutes from the moment of request.
Yes, we provide CDV checks. CDV is a preliminary check on account validity. The combination of six-digit bank branch number and the bank account number are validated to ensure that they satisfy the check digit rules that each bank has. This does not check if the account itself is valid or active
We offer RTC (Real-time clearing) and Standard transfers. RTC availability 00:01 -18:00 (Weekdays) and00:01-13:30 (Saturdays). All transactions outside of these times will be processed the next business day.
For RTC (Real-time clearing), on weekdays the limit is R5 million per payout and on weekends it is R250K.
It can take up to 24hrs for merchants to receive confirmation of payout even though the funds have already reached the customer.
Merchants must test the required scenarios using the Mock API and Actual API in staging. With Actual APIs in staging, merchants can only test Non-RTC payouts.These must be submitted before 4pm (CAT) so that they can be batch processed and completed at 9am the next day.