How do I refund a payment?

How do I refund a payment?

The PayFast Merchant Refund feature allows you to refund your customers credit card and Instant EFT payments directly via the PayFast dashboard. In the future, you’ll be able to also refund your customers via our other supported payment methods.

To refund your customer’s credit card or Instant EFT payment, do the following:

  1. Log in to your PayFast account.
  2. Navigate to Transactions > History
  3. Locate the purchase transaction to be refunded.
  4. Select the refund icon in the far right column.
  5. On the refund transaction screen, select if the refund type is a full or partial refund of the original transaction amount.
  6. Enter the amount of the refund.
  7. Enter the reason for the refund. This reason will be communicated to your customer via the refund email confirmation.
  8. Optional: Select the checkbox to send yourself a copy of the confirmation email.
  9. Click Refund to complete the refund process. A completion status notification will reflect on the screen.

For an Instant EFT refund, the process is almost identical to a credit card refund but on the refund transaction screen you are required to add the account holder’s name and select the account type. 

Please note the following:

  • Refunds are not allowed on debit cards. If attempted you will receive the bank response code 62.
  • Credit and cheque card refunds can take up to 7 and 10 business days, and Instant EFT refunds between 2 and 3 business days, to reflect in your customer’s account due to risk checks that are performed by banks.
  • If you receive an error when processing a refund for an international credit card, you should organise to refund using an alternative method like store credit. For more information on this visit this page. 
  • The refund will come directly out of your PayFast wallet, so refunds can only be processed if you have sufficient funds available. 
  • From 1 October 2020 each refund will have a processing fee of R2 (excluding VAT).
  • Some refunds might reflect as a debit on the account holder’s bank statement. For more information on this visit this page
  • A refund is final and non-reversible. 
  • If there is a pending payout on the buyer account it will block the processing of a new refund. If assistance is required to cancel a pending payout, please contact support.

For refunds on all other payment methods, please continue to email the relevant payment details.

If you are a buyer and would like to request a refund on a payment you have made, read more here.

    • Related Articles

    • Why is there no refund icon on certain transactions?

      At this stage, merchants can only process refunds for Instant EFT and credit/cheque card transactions. Therefore, if you do not see the refund icon it may be due to the payment being a Mobicred, Masterpass or debit card transaction. For refunds on ...
    • What happens if I get an error when processing a refund?

      If you get an error when processing a refund it means that you won’t be able to action the refund to the buyer’s card.  There are a few reasons why a card refund can fail, common error messages include: Lost/stolen card Card expired/cancelled Pick up ...
    • Why has PayFast discontinued support for “manual” Instant EFT and cash deposits?

      Due to the ever evolving payments landscape, we've made the decision to discontinue the "manual" version of Instant EFT, where buyers load an EFT via their internet banking portal, outside of the PayFast payment process, and cash deposits. This is ...
    • Is there a credit card limit? How do I increase it?

      Yes, there is a per transaction limit on your PayFast account of R25,000 for credit card payments. New PayFast Dashboard You can view what your credit card limit is on your PayFast Dashboard by doing the following: Log in to your PayFast account. ...
    • Why is the credit card option not shown?

      To receive credit card payments through PayFast you will need to first verify your account. Click here for more information on how to verify your account. There is also default minimum and maximum amounts for credit card payments set on your account, ...