South Africa’s digital payment market is projected to exceed R100 billion within the next two years, and Capitec is leading the charge to help businesses harness this growth.
Capitec, through its online card-free payment platform Capitec Pay, has reduced commission fees to all payment providers while enhancing customer satisfaction for businesses with instant refunds powered by the new Capitec Pay Payout API.Capitec Pay’s commission fee has been reduced to a maximum of R7 per transaction over R1 000 for all payment providers. Businesses can now save even more on high-value transactions such as property rentals, investment contributions, and insurance premiums.
With over 23 million clients and growing, Capitec’s bold steps ensure businesses can capitalise on the rapid growth of e-commerce. “We understand that payment costs significantly impact business’ bottom lines, and we’re committed to continuously reviewing our pricing model to identify opportunities for further reductions.”One of Capitec Pay’s new standout features is the Payout API, which enables businesses to issue refunds and payouts that clear instantly, boosting customer satisfaction and trust.
Capitec Pay is also dedicated to creating one of South Africa’s safest online payment environments. Before approval, payment providers undergo thorough vetting to ensure the platform’s integrity.
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