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PayFast

PayFast
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Payfast is a renowned online payment processing platform, predominantly used in South Africa. It offers a comprehensive suite of features, including online collections and automated subscriptions, catering to the diverse needs of businesses. Payfast is compatible with over 70 different shopping cart platforms and also provides an API for custom integrations, making it a versatile choice for e-commerce. However, it has received mixed reviews on Trustpilot, with some users praising its efficiency while others have expressed concerns about high transaction fees, slow payouts, and customer service issues.

  • Year Founded: Payfast was founded in 2007.
  • CEO: The founder and CEO of Payfast was Jonathan Smit, who stepped down at the end of August 2021. As of November 2023, Brendon Williamson is the Managing Director.
  • Headquarters: Payfast is headquartered in Cape Town, South Africa.

Why choose Payfast?

  1. It provides a secure payment gateway that can be integrated into various platforms.
  2. It offers over 18+ payment methods.
  3. Payfast has a Split Payments feature, which allows instant payment splitting between your platform and event organizers.
  4. However, user reviews have been mixed, with some users raising concerns about transaction fees and customer service.
  5. As with any financial service, it’s advisable to conduct thorough research and consider multiple options before making a decision.

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