We’re pleased to announce that Payflex, a popular Buy Now, Pay Later (BNPL) payment method in South Africa, is now available through Payfast by Network. This latest payment offering is a game-changer for both merchants and online shoppers alike, as it allows shoppers to pay off their purchases in interest-free instalments while online stores receive payment up front.
What is Payflex BNPL?
Payflex BNPL lets shoppers buy what they want today and pay for it later in 2, 3 or 4 interest-free instalments. Merchants receive the full amount upfront, while Payflex takes on all the credit risk. This means no chasing payments, no collections and more opportunities to convert sales.
Here’s how Payflex BNPL works:
- At checkout, the customer selects Payflex BNPL.
- They log in or sign up with Payflex and pay their first instalment immediately.
- Payfast settles the full amount (minus fees) to you, the merchant.
- The customer completes the remaining instalments directly with Payflex.
Payflex is simple, secure and designed to make shopping easier for your customers and selling online easier for you.
What are the benefits of Payflex BNPL for merchants?
Offering Payflex BNPL through Payfast gives you a competitive edge. You’ll reduce cart abandonment, increase average order value and attract new customers who actively seek BNPL-enabled stores. Plus, you carry zero credit risk because Payflex manages all repayments and collections while you enjoy guaranteed upfront payment.
What are the benefits of Payflex BNPL for online shoppers?
For your customers, BNPL means freedom. They can spread payments over time without paying interest or hidden fees. It’s fast, secure and transparent, making it easier for them to budget and shop with confidence.
How to enable Payflex BNPL on Payfast
Getting started with Payflex is easy. If you’re already a Payfast merchant, we’ve automatically enabled it for you. If you have the auto-enablement feature turned off, you can:
- Log in to your Payfast Dashboard.
- Navigate to Settings > Payment Methods.
- Find the Payflex BNPL tile and toggle to Enabled.
Approval takes up to seven working days. Once approved, you can start offering BNPL at checkout.
Get started with Payflex now and give your customers the flexibility they want, while helping drive higher conversions, larger basket sizes and more sales for your business. Sign up with Payfast and enable Payflex BNPL today.
