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Payfast · Launched 2007
South Africa's most widely used payment gateway for small and mid-sized online merchants.
Representative of this rail in this market. Directionally useful, but not a quotable rate, confirm with the provider. Source: Market estimate for SME gateway pricing.Official site ↗
Online · percentage component
Rates are step functions: each level holds until it is replaced.
Online pricing across every country where this method is available, with the cost on a ZAR 100.00 payment for comparison.
| Market | Listed fee | Cost on 100 | Effective | Since | Basis |
|---|---|---|---|---|---|
| South Africa | 3.5% + ZAR 2.00 | ZAR 5.50 | 5.50% | 13 Apr 2022 | Estimate |
Every recorded change, newest first, with the movement from the rate it replaced.
Annual pricing review.
In South Africa, on the online channel: 3.5% + ZAR 2.00, in force since 13 Apr 2022 (estimate). Fees differ by market and channel, and the table above lists each one.
It is priced in 1 market here: South Africa. A market missing from the list has not been recorded yet, which does not mean Payfast is unavailable there.
It is recorded as 2-3 days. Actual timing can depend on cut-off times and on the receiving account.
Yes. It has a chargeback process, so a buyer can dispute a payment through their provider. For a business, that protection comes with dispute fees.
Yes. It is a payment method businesses accept, and the fees shown are what a merchant pays to be paid through it.
