How do I set up automated Payouts?

How do I set up automated Payouts?

When you receive payments via PayFast, the funds will be added to your PayFast account balance. 

To process these funds into your selected bank account, you will need to request a Payout to withdraw these funds after the 48 hour withdraw delay

This can be performed manually from your Merchant Dashboard as follows:

You can also create an automated Payout to receive your funds at regular intervals. On the Legacy PayFast Dashboard simply click Add (see image above) to set these up. It can be done on the New PayFast Dashboard as follows:

There is a small fee associated with each Payout so it is recommended to use a weekly or monthly time interval with a minimum amount of R1,000. The minimum amount means that the payout will only occur on the specified date if at least that value is available in your account. 

Please note: The amount will show in your bank account within two working days. To reduce the risk of fraud, funds are only eligible and available for Payout after a 48 hour withholding period. A retained balance may also be implemented for the same reason.

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