Simplify processing recurring salary payments
Paying salaries each month should not bring additional pressure; when you pay employees using Netcash you can relax in knowing that everyone will get paid on time. Make single transaction or batch salary payments online to all South African banks.
Why use Netcash for salary payments?
By using bank account validation, you will avoid unnecessary last-minute rejections when processing payments. Have the peace of mind that all payments will be accepted by the banks on payday.
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.
Namibian payments and collections
Payments will continue to be made to Namibia and are facilitated by NamPay.
With our Dated Payments service all your payroll payments reflect on the employees accounts on the same date at the same time, irrespective of where the bank account is held.
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.
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.
Netcash is integrated to payroll software
Seamless file uploads from your payroll software to Netcash means no more risky emailing of payment files. Save time, improve accuracy and mitigate risk by making use of integrated payroll software.
Convenient to pay
Upload payment files to Netcash directly from one of our payroll partner’s software.
Know your employee
You are able to do credit checks from multiple credit bureaus on employees on your Netcash account.
Files are kept safe
Payment batches are sent directly to Netcash and not exposed on your computer where they might be tampered with.
Effortless reconciliation off a single, comprehensive Netcash statement.
Pay the right person
Validate and verify bank account numbers as you capture them in your Payroll software.
A simple link between your payroll software allows for functionality to be instantly available.
Frequently asked questions
Dated: All beneficiaries receive funds to their bank account on the same day 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 action date. Other bank account holders receive payment at midnight on 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.
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.
For a business to transfer their entire salary bill into a company’s account, they must be trustworthy. Given Netcash’s experience, history and endorsement by the major banks, I believe they are payment leaders in South Africa.
Netcash Software 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.