Can I receive payments in USD, EUR, GBP etc.?
By law, we are only allowed to accept payments denominated in ZAR. This is a South African Reserve Bank regulation which applies to all South African companies.
You can quote your prices in whatever currency you wish on your website, but in the end the payment amount that is displayed on the PayFast payments engine must be specified in Rands.
We can still accept payments from foreign customers, but the amount must be in ZAR and the credit card system will take care of the conversion.
How does PayFast handle international payments?
You can receive international payments via Visa and Mastercard credit cards. A buyer can use a card that has been issued in any country. The amount will be in ZAR and the credit card provider will conduct the exchange, paying out ZAR to your PayFast ...
Why is my account “not able to receive payments”?
This could be due to your account not being verified, or the required payment method is not active on your account. Should you wish to set up recurring billing, ensure that the relevant recurring billing settings are enabled on your PayFast ...
Can I receive credit card payments?
Yes, as an Individual, Business or Cause account holder you can receive payments funded by credit card (both local and international). You will need to verify your account to receive payments funded by credit card. See the credit cards page for more ...
How do I reconcile payments?
The way to look at this is to consider the PayFast account as a second business bank account and payouts are just a transfer of funds from one account (the PayFast one) to another account (your bank one). This means that all you need to recon is to ...
Can I receive recurring payments?
Yes, PayFast does support recurring billing. PayFast recurring billing allows merchants to create two methods of recurring payments; one is a subscription model, the other is an ad hoc model. The subscription model supports membership or retainer ...