What are the best payment gateway options for a South African business?

[AM13]

Hello,

I am just starting my business and my website. I’m based in South Africa, but much of my client base is located in the US and Europe. I’ve almost finish building my website on Shopify only to discover how limited my payment gateway options are. Payfast and Paypal are available to me but Paypal only works with USD, not allowing checkout in ZAR, and Payfast has a very low maximum payment limit. If I change my store currency to USD then, from what I’ve read, I must then open a bank account in the US. I do have a bank account in the US already, but then taxes, accounting and actually getting my money would be more of a nightmare than they already are.

All the apps able to solve my problem only work fully with Shopify Payments, which is not yet available in South Africa

Can someone please clarify for me if there is a straightforward solution to this problem? I've read through related topics on the forum and not found any answers. Maybe there is some updated information on it that I haven’t run across?

Thanks!!

[Nelson5614]

Hey there! Tazapay did not approve my application either and no reason was
provided, so I went with paystack and everything went smooth. Please try
them

[Simeen]

Has anyone successfully managed to set up Taza pay? My application has been rejected. They did not provide details as to why, but I assume it's because I either don't have a sales history (it is a new store) or because I don't have a USD bank account @Gottfried  Did you have either of these things when you set up your store with Taza pay 

[MB4690]

My Tazapay application has also been rejected, no explanation as to why

[Gottfried]

Hey Simeen!

So they pay directly into my USD account that i have set up on my FNB banking profile. They did however have the option to pay into my ZAR account too. So im not sure if that would have disqualified your application. They do scrutinize stores heavily so i think it might be plausible that if you have no sales history / or data they dont take the risk. For our store we have about 100 orders a month, it's not much but it seemed like enough for our application to go through

Kind Regards

G

[SS016]

hi @AM13  did you find a workable solution? What is Payfasts Maximum Payment Limit currently? Hoping you are still in business in 2024 and have a solution

[Netania211]

Can we add our bank account as a payment method which is also attached to our SASSA R350 social grant?

[Netania211]

Can we add our bank account as a payment method which is also attached to our SASSA R350 social grant? Please answer my question

[snapchatplanets]

When selecting a payment gateway for your Shopify store in South Africa, it’s essential to consider the needs of your target audience. Here are some of the top options:
PayFast
Peach Payments

[Hvrry007]

Hi there,

When selecting a payment gateway for your Shopify store in South Africa, it’s essential to consider the needs of your target audience and the type of payments they’re likely to use. Here are some of the top options:

1. PayFast 
2. Peach Payments 
3. Yoco 
4. PayGate 

If your store connects with customers who benefit from social grants like SASSA (South African Social Security Agency), it’s worth considering how accessible and affordable your payment gateway options are for these customers. Many grant recipients use mobile payment options or bank EFTs, so integrating a gateway that caters to these methods could expand your reach.

For more information about SASSA grants and how they support millions of South Africans, check out: 

https://alumni.myra.ac.in/read-blog/135722_how-to-navigate-the-sassa-appeal-process-for-srd-grants.h...

https://famenest.com/read-blog/52684

https://www.diveboard.com/srd370/posts/discover-south-africas-marine-majesty-a-divers-paradise-B4PlZ...

https://www.friend007.com/read-blog/161433

https://webyourself.eu/blogs/640772/How-Assistance-Programs-Empower-South-African-Communities