Pay Now with Bank EFT
What is an EFT payment?
Bank Electronic Funds Transfer (EFT) is a secure and efficient electronic payment method that allows businesses to receive payments directly from customers’ bank accounts. By linking a dedicated bank account to your ecommerce gateway, Bank EFT streamlines the payment process for both merchants and customers.
How does it work?
When your clients select Bank EFT, they will be presented with your dedicated Netcash account details. Clients can then complete the payment using their banking app or internet banking. Once we receive the funds, they are automatically allocated to your Netcash account.
Benefits of Bank EFT
- Precise Payment Allocation: Your dedicated Netcash account ensures accurate payment allocation, even if the client uses incorrect references.
- Risk-Free Transactions: Bank EFT eliminates chargeback risks, providing financial security for your business.
- Cost Savings: Enjoy lower transaction costs compared to other payment methods, maximising your profits.
- Enhanced Customer Trust: Offer a secure and familiar payment method to boost customer confidence in your business.
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