With Mobicred your customers can buy on credit and you get paid in full
Mobicred works in a similar fashion to retail store credit, only online. It is a digital credit facility that empowers your customers with a flexible payment option, allowing them to pay off their online purchases in monthly instalments while you receive immediate, full payment from Payfast.
This partnership provides significant benefits for your business:
- Zero Risk to You: Mobicred handles all the credit and fraud risk. You receive immediate payment, so you’ll never have to worry about payment reversals, chargebacks, or customer default.
- Wider Customer Base: Appeal to customers who may not have a credit card or prefer not to use one for online purchases. This can help you attract new buyers and increase sales.
- Seamless and Secure: The application process is instant and entirely online for your customers, and it integrates seamlessly with your Payfast by Network checkout. All transactions are secured, providing peace of mind for both you and your customers.
- Simple for Everyone: Unlike credit cards, Mobicred only charges a monthly service fee while the account is in use. Your customers get a simple, flexible credit solution, and you get a straightforward payment method with immediate funds.
How Mobicred works
- When buyers first register a Mobicred account, they undergo a simple online process to determine their credit limit.
- Mobicred account holders with sufficient available credit can then make payment by selecting Mobicred at checkout and signing into their account.
- Once processed, you will immediately receive the full amount (minus Payfast’s fees), without the risk of payment reversals.
Benefits of Mobicred
- Payments reflect immediately in your Payfast account
- Reach customers who don’t have credit cards
- No risk of chargeback or default to seller
- Available to customers from most South African banks
- Only pay a small all-in-one transaction fee when you make a sale
Simple, transparent pricing
No setup, monthly or hidden fees. Fees are negotiable based on online sales volumes.
