PayFast only charges per transaction fees. There are no monthly fees and no signup or setup fees whatsoever.
Here is a list of our transaction fees for each payment method:
Description | Fee |
Setup fee | FREE |
Monthly fee | FREE |
Payout fee to bank account | R8.70 (excl. VAT) (per payout) |
Payment Method | Fee |
Instant EFT |
2.0% (minimum R2.00) |
Credit and Cheque cards |
3.5% (plus R2.00) (promotional rate) |
Masterpass |
3.5% (plus R2.00) (promotional rate) |
Debit cards |
3.5% (plus R2.00) (promotional rate) |
mobicred | 3.5% |
All fees exclude VAT.
These fees are our 'starting out' fees. Once you start increasing your volume or if you already have high volume we are more than willing to negotiate for a fee reduction. Simply contact us on support@payfast.co.za.
We also offer reduced fees for registered non-profit organisations, charities, and NPOs with our Cause accounts.