As a South African merchant, you can now accept debit cards online using PayGate. This means that by accepting debit cards on your website you can now sell your products to millions of Nedbank and Standard Bank cardholders who are on the MTN or Vodacom networks.
Called PayD, this brand new payment method has been launched after an extensive pilot program. More than 50 PayGate merchants are already enabled for payD and enjoying good business growth from debit card holders.
It is simple to use for debit card holders. The first time they use it at checkout, they enter their MTN or Vodacom mobile number and their Standard Bank or Nedbank debit card number. Then enter their pin on the mobile to authenticate the transaction.
Thereafter they just enter their mobile number at checkout and their pin on their mobile.
This is a great opportunity for merchants worried about the risk of chargeback of a credit card transaction. With PayD from PayGate, it’s like an ATM transaction and you don’t have the usual credit card risks. Accepting debit cards via PayGate with PayD is ideal for selling air tickets, airtime, expensive computers and electronic equipment and other valuable goods.
It’s easy to get PayD with PayGate. PayGate will help you get a payD merchant facility at the bank at a very competitive rate.
The overall cost of PayD is lower. With payD via PayGate, you can accept payment from millions of South African debit card holders using a Visa Electron and Maestro cards, using their mobile phone and the card’s ATM PIN.
With the increasing risk of getting paid for shopping online, PayD is a very attractive new payment method which reduces the risk for you as the merchant.
It makes sense for all merchants to get PayD and accept debit cards online. Contact PayGate and get PayD. Accept debit cards online and enjoy low risk at a reduced cost now with PayD via PayGate.