Bank Transfers, Payouts and PayShap
How EFT credits, real-time clearing, PayShap and RTGS payments work, plus payouts, bulk payments, account verification, proof of payment and failed transfers.
Learn how money moves between South African bank accounts, from ordinary EFT credits to instant PayShap payments, and how businesses run payouts and reconcile incoming funds.
Topics in this section
- What Is an EFT Credit Payment?
- EFT vs RTC vs PayShap vs RTGS: What Is the Difference?
- What Happens When You Make a Bank Transfer?
- What Is Real-Time Clearing (RTC)?
- What Is PayShap and How Does It Work?
- What Are ShapIDs and Request to Pay?
- What Makes a Payment Final and Irrevocable?
- How Do Payouts and Bulk Payments Work?
- What Is Beneficiary and Bank Account Verification?
- Proof of Payment and Reconciliation Explained
- Why Do Bank Transfers Fail or Get Returned?
- How Do Cross-Border Payments and SWIFT Work?
API vs Host-to-Host
Compare API and host-to-host file integrations for the Registered Mandate Service, including message flows, response handling and volume considerations.
EFT Credit Payments
How EFT credit payments work in South Africa, how long they take to clear, and why an ordinary EFT can take one to two banking days to reflect.