What is PayShap?
How it works?
- The customer is directed to checkout
- They select PayShap as their payment method.
- Theyʼre prompted to enter their mobile number (similar to Capitec Pay).
- After clicking Pay Now, they receive an in-app notification from their bank.
- The customer authenticates the payment in their banking app.
- The transaction is finalised instantly.
Why choose PayShap?
PayShap significantly reduces costs for merchants as it is one of the cheapest payment options available
With instant settlement, enhanced security, and a frictionless checkout experience, merchants can boost cash flow
Increased Conversions: Offer a seamless, real-time payment method that encourages checkout completion.
Pricing:
| Payment Method | SME Package | Enterprise Package |
| PayShap | R1.50 + R1.50 | Volume-Based Rates |
Who is this for?
Enterprises & SMEʼs in South Africa
Industry Limits for Retail Request-to-pay transactions?
Each bank currently applies different PayShap limits for request-to-pay transactions.
To avoid failed payments, our Checkout UI automatically filters out bank options that fall outside the transaction amount. For example, if a customer tries to pay R7,000 but their bank has a R5,000 limit, that bank will not be shown as an option. We're also engaging with the SARB to help standardise these limits across all banks.
| ABSA | African Bank | Capitec | Discovery | FNB | Investec | Nedbank | Standard Bank | ThymeBank |
| ⏳ Coming Soon | ✅ R3000 | ✅ 2 x R500 per day | ✅ R3000 | ✅ R3000 | ⏳ Coming Soon | ✅ R50 000 | ✅ R50 000 | ✅ R5000 |
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article
Still can't find what you're looking for?
Our support team is here to help you with any questions.
Submit a Ticket