5 SA Payment Gateways For Online Stores You Should Know About. With the world becoming more and more digitised it is not surprising to see the rise of various online payment solutions as people are now transacting online more than ever. With the Covid-19 also in full effect people are relying more on online options than being physically present to do their shopping or running a few errands, these platforms provide a seamless and secure way that people can make payments online.
PayFast – This platform offers an online payment service to merchants of all sizes, providing access to a variety of payment methods, including credit card, Instant EFT, Masterpass, mobicred and debit card. Without the need of a merchant account, a PayFast account can be activated within 24 hours and incurs no monthly or setup fees. PayFast supports both merchants and their customers and is packaged with advanced security layers and fraud detection. Integration with over 80 platforms provides seamless payment access to anything from ecommerce stores to invoicing and event ticketing.
PayGate – This platform was acquired by the DPO Group in 2016, which is the leading African payment service provider (PSP). The company enables businesses and individuals across the continent to accept payments online with all currencies and payment methods, including all major cards, mobile money, and e-wallets. DPO Group currently works with 100,000 merchants, and holds PCI DSS Level 1 certification. Founded in 2006, it has since grown to be a pan-African PSP with 250 employees across the continent.
PayU – Develops innovative financial services solutions for high-growth markets across the globe, where traditional players can’t. This company enables seamless payments across 50+ high-growth markets as it offers local payment processing across its markets through connections to acquiring banks and alternative payment methods. The platform allows users not covered by traditional banks to access credit in a way that suits them and removes the risk to merchants.
Yoco – This is an African technology company that builds tools and services to help small businesses get paid, run their business better, and grow. The company believes that by opening up more possibilities for entrepreneurs to be successful, it can help create more jobs, enable people to thrive and help to drive the South African economy forward. Their client’s business is their business. Their client’s growth is their growth. This is why the company puts their clients first.
Peach Payments – This platform enables businesses to easily accept payments on their websites and mobile apps. The company builds online payments systems for Africa. Its goal is to deliver brilliant experiences for its customers and users. In everything that they do, they strive to make it as easy as possible for their merchants to focus on their business while they take care of their payment needs. Businesses that are selling any product or service through digital channels can use the platform to manage payments seamlessly. The company integrates with WooCommerce, Shopify, Wix and Magento, the leading ecommerce platforms globally and its modern API allows for custom integrations.
