1 reviews | Active since Mar 2009
very expensive service with much delayed payments
Very expensive service with much delayed payments. The service fees are very high per transaction (about R100 per payment for less than 3k payments) . And takes up to 5 days before payout happens. For my business this is not viable anymore.
Hi Wouter,
Thank you for taking the time to share your experience.
Our transaction fees vary depending on the payment method used, and payout timeframes are determined by the settlement schedules of those payment methods. We understand that cash flow is important for any business and that these timeframes may not suit every operational requirement.
For security and ***** prevention purposes, payments are subject to a 48-hour withdrawal delay. During this period, the funds have already been received and credited to your Payfast account, and you can fulfil the order with confidence while the funds become available for transfer to your bank account.
Should you like us to review your account and discuss available options, please contact us at (***al) with your merchant details.
The Payfast Team
Hi Wouter,
Thank you for taking the time to share your experience.
Our transaction fees vary depending on the payment method used, and payout timeframes are determined by the settlement schedules of those payment methods. We understand that cash flow is important for any business and that these timeframes may not suit every operational requirement.
For security and ***** prevention purposes, payments are subject to a 48-hour withdrawal delay. During this period, the funds have already been received and credited to your Payfast account, and you can fulfil the order with confidence while the funds become available for transfer to your bank account.
Should you like us to review your account and discuss available options, please contact us at (***al) with your merchant details.
The Payfast Team