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Why do EFT payments go through instantly?

The explanation below relates to our manual Instant EFT payment method. We’ve recently launched a refreshed version of Instant EFT with an automated payment option. Read more about it here.

We hold bank accounts at ABSA, FNB, Nedbank and Standard Bank. When you pay, you pay into a bank account held at the same bank as your own. Because it's an internal transfer, the payment takes place instantly and we're able to positively acknowledge that the funds have reached our account in a matter of seconds!

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