Paysoft Payments
Move Money with
Confidence.
Move Money
With Confidence.
Fast, secure business payments.
What you can do with
Paysoft Payments
Process single or bulk payments with ease, from salaries and suppliers to once off disbursements. Choose when and how funds are paid with flexible processing options across all major banks.
Salaries & Wages
Process secure payroll payments to employees across all major South African banks, with guaranteed clearing timelines and full audit trails.
Suppliers & Creditors
Pay suppliers and service providers accurately and on time through automated bulk EFT payments. Save hours and effort with multiple authorisation levels for your team, and full reconciliation reporting.
SARS & Public Beneficiaries
Make compliant electronic payments to SARS and other registered public beneficiaries directly from your Paysoft Profile.
Once-off or bulk payouts
Send single or high-volume business payments in one secure upload, with flexible clearing options to match your urgency.
Why This Matters
To Your Business
Payments carry operational risk. Late salaries damage morale. Failed supplier payments disrupt operations. Manual processes take up crucial operation time and effort, increase errors and reconciliation pressure.
Predictable payment execution
Schedule and process business EFT payments with guaranteed clearing timelines across all South African banks, improving payroll accuracy and supplier reliability.
Built-in bank validation before money moves
Automatic bank account validation (CDV) checks account number and branch code combinations before every transaction.
One action date across banks
Run multi-bank payment batches with a single action date, simplifying cash-flow planning and payroll coordination.
Lower transaction costs through scale
Paysoft’s high transaction volumes enable us to negotiate more competitive processing rates, helping your business reduce payment fees, protect margins, and reinvest savings back into growth.
Full audit trail and reporting
Access complete payment history, batch reports, proof of payment and transaction status updates through one secure online reporting platform.
Built For Businesses Of All Sizes
Book a demo to see how Paysoft can reduce your transaction costs through scale and give your business a smarter, more cost-effective way to move money.
Move from manual banking processes to secure, automated payment infrastructure built to protect margins and give finance teams confidence.
Frequently Asked
Questions
What payment types does Paysoft support?
Paysoft supports four payment service types, giving your business full control over speed and cost. Immediate Payments via PayShap process 24/7 and reflect instantly. PayShap is available via API integration only and is not accessible through the Paysoft web portal. Real-Time Clearing (RTC) processes on weekdays between 06:00 and 16:30 and on Saturday mornings, with funds reflecting within 15 minutes. Same Day payments reflect in the recipient’s account from 20:00 on the same day. Next Day payments reflect from 00:01 the following morning. You choose the service type that best fits each payment run.
What are the cut-off times for submitting payments?
It depends on the service type. PayShap (Immediate Payments) has no cut-off as it is available 24 hours a day, 7 days a week including Sundays and public holidays. Real-Time Clearing (RTC) can be submitted Monday to Friday between 06:00 and 16:30, and on Saturdays between 06:00 and 07:30. Same Day and Next Day payments must be submitted by 15:00 Monday to Friday, or between 06:00 and 07:30 on Saturdays. There is no processing on Sundays for Same Day, Next Day or Real-Time payments.
What is PayShap and how does it differ from a standard EFT?
PayShap is South Africa’s real-time interbank payment rail, developed by PayInc SA (formally BankServ). Payments reflect immediately in the recipient’s account at any time of day, including weekends and public holidays, making it the fastest payment option available. PayShap through Paysoft is accessed via API integration only. This means your business needs to connect to the Paysoft API to send PayShap payments, either through your own development team or with assistance from Paysoft. Once the integration is in place, PayShap payments can be initiated programmatically at any time with no cut-off restrictions.
When exactly will my Same Day or Next Day payment reach the recipient?
Same Day (SDV) payments reflect in the recipient’s bank account from 20:00 on the action date, provided your submission reaches Paysoft by the 15:00 cut-off. Next Day (1 Day) payments reflect from 00:01 the following morning. Both require submission by 15:00 Monday to Friday, or between 06:00 and 07:30 on Saturdays.
What payment use cases does Paysoft Payments support?
Paysoft handles payroll payments including salaries and wages, supplier and creditor payments, SARS and public beneficiary payments, and bulk batch business payouts. Whether you are running a once-off payment or a high-volume monthly payroll run, the same platform manages all of it.
How does CDV protect my payments before they are submitted?
Before any payment reaches the banking network, Paysoft automatically runs Check-Digit Validation (CDV) on every account number in your batch. This checks that each account number and branch code is structurally valid according to that bank’s rules. Any failures are reported to you immediately, giving you the chance to correct them before submission. This prevents rejected transactions, wasted fees and delays caused by incorrect banking details.
Can multiple people in my team authorise payments before they are processed?
Yes. Paysoft supports multi-level authorisation within the platform. You can configure your workflow so that one person captures a payment run and a second person approves. This is especially useful for businesses with segregation of duties requirements or for accountants managing payments on behalf of clients.
Can I upload payments from my payroll or accounting system?
Yes. Paysoft supports over 90 existing banking and payroll file formats, which means your current system is most likely already compatible. You can upload files via the secure web platform, API integration, or secure FTP. If your file format is not yet supported, Paysoft can accommodate it quickly.
Is Paysoft more cost-effective than paying directly through my bank?
For most businesses, yes. Because Paysoft processes high volumes of transactions across its entire client base, it is able to negotiate lower transaction rates with the banks. Those savings are passed through to clients. This makes Paysoft particularly cost-effective for businesses running bulk payroll or large supplier payment batches regularly.