Process creditor payments and make the payment in a safe and more efficient way
Creditor payments can be an admin intensive task taking up valuable time each month and can often introduce additional risk in your business. Using Netcash will increase efficiencies, save costs and eliminate risk.
Benefits of using Netcash for creditor payments
Be in control
We have integrated our creditor payments solution into numerous accounting, ERP and billing software to bring you a seamless experience when paying creditors.
Protect your business
Dated: All beneficiaries receive funds to their bank account on the payment action date irrespective of where the bank account is held. Perfect for salary and wage payments.
Same day: FNB account holders receive payment in the afternoon of the payment action date. All other bank account holders will receive payment at midnight on the payment action date.
Dated: Mon – Sat, excl. public holidays.
Same-day: Mon – Fri, excl. public holidays.
Simply pay your total batch value into your Netcash account by funding one our clearing accounts held at the major South African banks.
Netcash bank account validation service will prevent last minute rejections at the bank.
Our bank account verification services (AVS) ensures that you are making payment to the correct beneficiary by matching the bank account number to an ID number or company registration number.
The main advantage I have experienced with Netcash is the way we can integrate our system to Netcash that makes creditor payments quicker and easier.
Our Software Partners have integrated our payment functionality into their software to simplify the customer experience. The integration provides customers with seamless, secure and accurate data transfer.
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