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TOPIC: Best Credit Card Gateways in South Africa?

Best Credit Card Gateways in South Africa? 7 years 3 months ago #2802

  • Dylan Phelan
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Any thoughts on what the Best Credit Card Gateways in South Africa are?

What credit card gateways have the lowest commission rates and lowest monthly fees?

They need to work with popular content management system like Joomla and Virtuemart.
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Re: Best Credit Card Gateways in South Africa? 7 years 3 months ago #2806

  • Shane Meintjes
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Hi Dylan,

The best we have found and the most cost effective is www.payfast.co.za.

Regards,

Shane
Last Edit: 7 years 3 months ago by Shane Meintjes. Reason: Typo
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Re: Best Credit Card Gateways in South Africa? 7 years 3 months ago #2807

  • Dylan Phelan
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Ok thanks. What are their rates like?

I've used Netcash a number of times, but there are some terms etc that I don't like.
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Re: Best Credit Card Gateways in South Africa? 7 years 3 months ago #2808

  • Shane Meintjes
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I have also used Netcash for many years, a bit expensive and monthly fees. I am currently moving over to Payfast myself.

Payfast.

Setup Fee Free
Monthly Fee Free
Sending funds Free
Receiving funds
Instant EFT 2.0% (min R2.00)
Credit Cards 4.9% (plus R2.00)
Ukash 7.0% (min R2.00)
mimoney 4.0% (min R2.00)
Payout to bank account R 8.77
All fees exclude VAT

Many more ways to get your money as well.

Thanks,

Shane
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Re: Best Credit Card Gateways in South Africa? 7 years 3 months ago #2809

  • Dylan Phelan
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not bad, but that 4.9% on credit cards still seems high.

is anyone aware of any credit card gateways with a significantly lower percentage commission on credit card transactions?
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Re: Best Credit Card Gateways in South Africa? 7 years 3 months ago #2810

  • WEBZO.co.za
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I am using Payfast myself but thinking of moving to Monsterpay as their credit card fees are lower 2.9% + R2. If you do not have a merchant account I recommend Payfast and Monsterpay
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Re: Best Credit Card Gateways in South Africa? 7 years 3 months ago #2811

  • Melanie
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I have been using monsterpay for 2 years now on my Joomla Virtuemart site with no hassles. They are extremely helpful and have low service fees.

I am now busy with a new Wordpress site and I can't use them without purchasing a plugin - so I'm stuck with the same problem.

Anybody using Paypal?
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Re: Best Credit Card Gateways in South Africa? 7 years 3 months ago #2814

  • Dylan Phelan
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Melanie wrote:
I have been using monsterpay for 2 years now on my Joomla Virtuemart site with no hassles.

Have you had any problems withdrawing fund via Monsterpay? I've read a few posts on other forums where users said they struggled to withdraw.

How long does it take you from the time you make a sale and the client pays to withdraw funds?

Is the cost of a Wordpress plugin not justified? B)
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Re: Best Credit Card Gateways in South Africa? 7 years 3 months ago #2815

  • Melanie
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I only had a problem once withdrawing funds after an exhibition, because I needed to submit copies of the invoices with card imprints. It is very clear in their contract though that you need that, and I had to provide it. Otherwise, I have only experienced very helpful assistance.

They do transfers twice a week, I think on Tuesdays and Thursdays, so it depends on which day of the week you request the transfers. But it only takes a day (if that) for them to authorise the withdrawal.

The plugin for the new website is R1000 and I just don't want to spend that :(
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Re: Best Credit Card Gateways in South Africa? 7 years 3 months ago #2816

  • Dylan Phelan
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hmm.. 1k for a gateway plugin is quite steep.

I paid around R200 for a Netcash / Virtuemart plugin.

Ok, so with Monsterpay you could look at around 5 days turn around time - from sale until you get your money.

That cause a bit of a problem for people who make a sale, then pay their suppliers. They would either have to fork out the cash themselves or wait for the funds from the sale to clear. Alternatively the delivery time would be longer, which means unhappy clients.

Thanks for sharing your experiences with Monsterpay.
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