Paysoft offers a highly secure and cost-effective electronic fund transfer (EFT) payment system – perfect for payroll and creditor payments.
Aside from our lowered transaction costs, our automatic CDV (check-digit validation) system pre-validates bank accounts to confirm that account numbers are consistent with bank and branch rules, thereby reducing the number of returned or rejected transactions.
While you can load beneficiaries and process single transactions, we also support approximately 80 different file formats for batch importing and processing of large-volume transactions. If none of those file formats work for you, we can create a bespoke format for you.
Payments can be processed through all South African banks. We can also make payments to Lesotho, Swaziland and Namibian bank accounts.
The service can cater for real-time, same-day, one-day (overnight) or future-dated payments.