Instant EFT is powered by PayFast - South Africa's trusted
payment gateway since 2007
Instant EFT is PayFast’s patented online payment method that instantly verifies an internet banking transfer (EFT). PayFast (Pty) Ltd was founded in 2007 with the aim to enable SMEs in South Africa to accept payments online in the easiest way possible.
In addition to Instant EFT, merchants using PayFast can accept payment methods such as credit cards, Masterpass, mobicred, debit cards and Bitcoin. This allows merchants to receive payment from a wide variety of clients in ZAR, whether payments are made locally or internationally. With integrations to over 70 shopping cart platforms, there is a solution to suit any payment requirement. Recurring billing and subscription payments are also available, at no extra fee, to support progressive business models.
PayFast is committed to keeping merchants and their customers safe by being a PCI DSS Level 1 Service Provider which is the highest security level possible in the industry. 3D secure is used on all credit card transactions and advanced security and fraud risk measures are in place for all merchants.