One of MyGate’s Alternative Payment Solutions, EFT Secure is an instant EFT payment service in South Africa that allows your customers to make secure online payments directly into a bank account and get notified in real-time.
- No credit card required
- Payments are 100% guaranteed
- No charge-backs or fraud
- Low transaction fees
- Direct deposit into your account in real time
- No merchant account required
- Reduce shopping cart abandonment rates
- Easy set-up
How it works:
Card holder selects EFT Secure as a payment option.
They then select their bank.
The customer is then prompted to open their mobile banking app to verify the transaction.
Once verified they log into their online banking profile within EFT secure.
Account is selected:
Response message is returned to cardholder with transaction reference:
Variables are passed back to a URL specified by merchant:
Please see our My Virtual documentation for integration methods.