How secure is it paying with Instant EFT by PayFast?

How secure is it paying with Instant EFT by PayFast?

Instant EFT by PayFast is a fast, convenient, secure and easy way to do an electronic funds transfer (EFT) to pay online. As the name suggests, any payments made via Instant EFT are instant, with immediate verification and notification of payments. This means there's no need for you to send a proof of payment to the person or online store you made a payment to, which is generally required with traditional EFT payments.

As with all of our supported payments methods, you can be rest assured that it’s completely safe to make an Instant EFT payment with PayFast. Here’s why:


  • PayFast is a PCI-DSS Level 1 compliant service provider

  • PayFast will never store, log or otherwise misuse your banking credentials.

  • Instant EFT uses secure SSL encryption to keep all of your banking information secure.

  • All banks that PayFast interface with for Instant EFT payments require Two Factor Authentication (2FA) to authorise the payment. This can be either an OTP via email/sms; or via push notification to your banking app. Therefore, no Instant EFT payment can ever be completed without the account holder's approval.


Find out in which other ways PayFast is secure here


Instant EFT by PayFast supports 9 different South African banks, so if you bank with FNB, Absa, Standard Bank, Nedbank, Capitec, Investec, Tymebank, African Bank or Bidvest Bank then you can use Instant EFT to shop online without the need of a credit card.

Learn how to make an Instant EFT payment here

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