We’ve added a new payment method that’s going to change the game when it comes to accepting payments online. Say hello to Capitec Pay!
This latest addition to our payment offering is a revolutionary open banking payment method from Capitec Bank that is driving financial inclusion in South Africa. Capitec Pay is empowering Capitec Bank account holders to easily make secure payments directly from their bank account via their smartphone, without a credit card or debit card.
Capitec Pay is the first of its kind, proprietary open banking payments API in South Africa that promises a simple and fast user experience. Instead of having to identify themselves with their username or password linked to their bank account, online shoppers can rather use their cell phone number or ID number and authenticate the payment via their Capitec App. This process not only streamlines the payment process, but also creates an additional security layer for online shoppers.
How does Capitec Pay work through Payfast?
The Capitec Pay payment process is simple and secure through Payfast:
- At checkout, your customer selects Capitec Pay as their payment method.
- They enter their cell phone or ID number.
- Via the Capitec App, they select Transact > Capitec Pay and approve their payment.
- Once the payment is processed it will reflect in your Payfast account.
How do you accept Capitec Pay payments through Payfast?
Accepting Capitec Pay payments through Payfast comes with a ton of benefits for you, the business owners. You’ll enjoy improved settlements, automated reconciliation and uptime thanks to bank-side monitoring. That means higher payment success rates and less cart abandonment.
The good news is, if you’re already using Payfast as your online store’s payment platform, Capitec Pay is automatically enabled for you. So next time one of your customers checks out on your store, they’ll see the Capitec Pay payment option and be able to select it as their preferred payment method. Start accepting Capitec Pay payments through Payfast today and take your online business to the next level.
