Credit & Cheque Cards
Credit cards are well known and a de facto online payment method the world round. We process local and international credit cards and cheque cards, with a variety of fraud protection mechanisms in place to protect sellers against costly chargebacks.

Instant EFT
Instant EFT enables buyers to make payments with traditional internet banking with SA’s four biggest banks. The electronic funds transfer (EFT) gets verified instantly. No two day waiting period, no proof of payment required and no disclosing of financial information

Mobicred
Mobicred is an online account that gives buyers access to credit, which they can use on PayFast. The facility works in a similar fashion to retail store credit: only online. Sellers can choose to enable/disable mobicred on their PayFast accounts and there is no risk of default or repudiation to them

More about PayFast
Through PayFast were are committed to keeping our customers and all sensitive information secure. PayFast has a multitude of automated and manual checks in place to protect both buyers and sellers from fraudulent transactions. Online retail has a fraud rate between 1 and 2% of all transactions. Through effective controls, PayFast’s is currently below 0,2% and still going down.

PCI-DSS Level 1 Compliant

PayFast uses Extended Validation SSL with 2048-bit encryption. Only two of the four major South African banks use this –the highest– level of encryption currently available.

All sensitive info is encrypted within PayFast’s own database.

PayFast run penetration testing on their system on a weekly basis to look for vulnerabilities. They are only required to do it once every three months but run it every week.

Their entire site, blog, payments page and help site all are served off secure servers, making it harder to perpetrate phishing attacks.

3D Secure is in place for all credit card transactions.

Two-factor authentication is available to restrict access to your PayFast account.

PayFast uses GEO IP tracking to see where transactions are originating from and look for mismatches between this and the card’s issuing country.

PayFast’s system automatically checks for suspicious payment velocity.

PayFast uses BIN/IIN validation to check for card-issuing bank locations and merchants can choose to enable/disable payments from certain countries.

Payments and card details are automatically checked against large online databases of blacklisted details.

All suspicious transactions are manually reviewed by the PayFast stellar Support Team.

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