How To Set Up PayFast Account?
Organisation : PayFast
Facility Name : Set Up PayFast Account
Country : South Africa
Website : https://support.payfast.co.za/portal/en/kb/articles/navigate-your-payfast-dashboard
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How To Set Up PayFast Account?
To Setup your PayFast Account, Follow the below steps
Navigate Your PayFast Dashboard
You’re signed up and you’re verified. Now it’s time to get to know your PayFast Dashboard and all its functionalities.
This article covers the following:
** Enable payment methods
** Payment Request feature (get paid without a website)
** Add your logo to the checkout page
** Find your Merchant ID and Key
** Payouts
** Get email confirmation
** Recon reports
Enable Payment Methods
Now that your account is verified you can activate different payment methods. PayFast allows your customers to pay via Visa and Mastercard credit and cheque cards, Instant EFT, Masterpass, Mobicred, SCode, Zapper, SnapScan and debit cards. The more payment methods you activate, the more customers you can access.
To enable payment methods, do the following:
** Navigate to Settings > Payment methods.
** Scroll down to Payment Methods and enable the payment methods you want.
Payment Request Feature
You don’t need a website to get paid with PayFast. You can use our Payment Request feature which sends an email straight from your PayFast Dashboard to your customer’s email address. The email has a ‘Pay Now’ link where your customer can pay immediately by clicking the link.
Add Your Logo To The Checkout Page
When your customer checkouts from your website they will be redirected to PayFast to make payment. You can read up on why for why this redirect is necessary here. To avoid confusion, you can add your company logo to our redirect page so your customer knows they are making a secure payment to you.
Find Your Merchant ID & Merchant Key
If you are integrating PayFast into a shopping cart platform to build your online store (like Shopify or WooCommerce) you will need your Merchant ID and Merchant Key to link the two.
To find your Merchant ID and Key, log in to your PayFast account and navigate to Account > Personal Information. (Alternatively, you can navigate to Settings > Developer Settings.). Your Merchant ID and Key are displayed on the top right-hand side of the page. Your Merchant ID and Key can also be found under Settings > Integration.
Payouts
When you get paid with PayFast, the funds will reflect in your PayFast account. From there you can request a payout to your South African bank account.
New PayFast Dashboard
** To request a payout, click Request a payout on the home screen of your PayFast Dashboard. Alternatively, navigate to Payout and request a payout as shown below:
** You can also set up automated Payouts that can be paid out on a daily, weekly or monthly basis (we recommend monthly as there is a charge of R10 incl. VAT for each payout).
** To do this, navigate to Payout and scroll down to Payout Schedule. Here you can enter the payout frequency and minimum amount.
Email Confirmation
You can receive an email confirmation every time you get paid. All you have to do is enable the setting on your PayFast Dashboard.
To do this, do the following:
** Navigate to Settings > Developer Settings.
** Under Email confirmation, toggle Send email confirmations to Enabled.
** Enter your email address and click Add Email.
Recon Reports
If you want to receive your PayFast transaction history you can set up Reconciliation reports to be emailed to you. These can be daily or monthly and can be emailed in .csv format or integrated into your Xero account.