PayShap transfer fees in South Africa 2023, by bank and transaction size

PayShap transfer fees in South Africa in 2023, by bank and transaction size

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Release date

March 2023

Region

Africa, South Africa

Survey time period

2023

Supplementary notes

PayShap refers to an instant payment method. The beneficiary will receive funds immediately. PayShap payments have a range of fees for various amounts at ABSA, Standard Bank, FNB, and Nedbank. However, only amounts of up to R3000,00 (approximately 163.41 U.S. dollars) can be made. 

*Nedbank PayShap fees cost one South African rand (around 0.06 U.S. dollars) per transaction if payment is made from one PayShap account to another. A PayShap user transferring to a bank account will be charged 7.50 South African rand (about 0.41 U.S. dollars) per transaction. 

Conversion rate as of 05/13/2024

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* For commercial use only

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For single users
$0 USD
Always free
Access limited to Free Statistics. Premium Statistics are not included.
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Starter Account

For single users
$199 USD
per month, billed annually 1
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For teams of up to 5 people
$959 USD
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1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.

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