PayGate's new PayBill with PayFX means that you as a South African merchant can now quote in forex and settle in rands. This makes credit card processing of forex via your payment gateway a breeze. Via the PayGate payment gateway back office, merchants email their cardholders a bill or invoice priced in the currency of their choice. PayBill with PayFX transparently converts it for the cardholder and settles it in rands to the merchant account.
Benefits of PayBill with PayFX are
- Merchants get switched on immediately - no website needed
- Merchants can trade on the internet internationally
- Merchants can quote in the currency of their choice
- Conversion for settlement in ZAR is done transparently for the cardholder
- Fraud screening can be done with PayProtector
- Merchant and cardholder get an email receipt
So if you are a business that invoices cardholders and needs to get paid, but you don't want the hassle of a shopping cart then PayBill with PayFX is the way to go. You can still use PayFX on your shopping cart when its developed in order to receive forex payments and convert them to rands for local settlement. PayBill with PayFX makes it easy for your overseas customers and simplifies the payment process so that your credit card processing via a payment gateway conforms to Reserve Bank policy and complies with the bank rules. If you want to go a step further then ask about PaySum1, PayGate payment gateway's answer to receiving bank EFT payments effectively and cost-effectively from 55 countries into South Africa.
