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


supplier payments

Save Time

Bank account validation will help you avoid unnecessary last minute-rejections when processing payments. You have the peace of mind that all payments will be accepted by the banks.
increase accuracy

Increase accuracy

Accuracy is of utmost importance when making payments, which is why we ensure that you pay the correct bank account every time by using our bank account verification service.
extra security

Extra security

To ensure that your account is more secure, you are able to dictate the levels of access, the number of authorisers per payment batch, and use One Time Pins (OTPs) or 2 Factor authentication to authorise payments.
save money

Save money

Take advantage of our discounted transaction fees when you process creditor payments. The higher your transaction volume, the more you save!
greater flexibility

Be in control

Extensive reporting including statements, batch, and audit reports, as well as payment notifications, ensure you are kept in the loop of all payment aspects.

We have integrated our creditor payments solution into numerous accounting, ERP and billing software to bring you a seamless experience when paying creditors.


convenient to pay

Convenient to pay

Upload payment files to Netcash directly from your integrated software.
files are kept safe

Files are kept safe

Payment batches are sent directly to Netcash and not exposed on your computer where they might be tampered with.
pay the right person

Pay the right creditor

Validate and verify creditor bank account numbers as you capture them in your accounting, billing or ERP software.
know your employee

Protect your business

Avoid fraud and manage business risk with access to consumer and commercial credit checks and reports from multiple credit bureaus and CIPC.
automatic reconciliation

Automated reconciliation

The data provided by your software allows for effortless, automated reconciliation off Creditor payments.
hassle free integration

Hassle-free integration

A simple link between your accounting, billing or ERP software allows for functionality to be instantly available.

FAQ’s


What is the difference between Dated and Same day payment?

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.

On which days can payments be made?

Dated: Mon – Sat, excl. public holidays.

Same-day: Mon – Fri, excl. public holidays.

Does Netcash offer integrated payments with my software?

Netcash is integrated into various accounting, payroll and billing software. To view our existing integrated partners, click here.

If you would like to become an integrated partner, click here.

How do I fund my Netcash account in order to process my payments to beneficiaries?

Simply pay your total batch value into your Netcash account by funding one our clearing accounts held at the major South African banks.

How do I know my payments will reach my beneficiaries on payment date?

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.

netcash client testimonial icon top

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.

André Smalberger
Accountant | Protea Metering

Partners


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.

Sage Accounting Netcash Partner Logo

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