Let your customers buy on credit while you get paid in full
Mobicred works in a similar fashion to retail store credit: only online. Mobicred charges interest rates comparable to those of credit card providers and only levies monthly fees while the account is used, unlike most credit cards. Activate Mobicred as a payment option and give your customers the ability to pay off their online purchases in monthly installments while you get immediate payment in full.
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.