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. 

A Payout needs to happen to withdraw these funds after the 48 hour withdraw delay into your selected bank account which was linked to your PayFast account during the signing up and verification process. 

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

New PayFast Dashboard

Old PayFast Dashboard

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 might also be implemented for the same reason.

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