Ozow instant EFT

The seamless, hassle-free and instant EFT solution.

Who can use this service

What you get with Ozow instant EFT

Accept instant EFT payments

Enables customers to pay for goods and services by electronically transferring funds using internet banking. EFT’s are instant compared to traditional EFT’s.

Eliminate human error

Matching payments to reference numbers is done automatically so there is very low risk of errors.

Reduced fraud risk

Customers need to authenticate their EFT transaction as per their banks authentication method, generally via a push notification.
No more unmatched EFT payments

All payments are automatically matched, therefore no more incorrect EFT references, amounts or bank account numbers.

How it works

Your customer pays by selecting Ozow Instant EFT on your checkout page and selects their bank.
They are redirected to the login screen and are prompted to login with their online banking credentials.
Your customer selects their bank account and enters their own reference.
They receive a one-time pin or push notification, dependent on their bank, to confirm payment.
Once the successful electronic funds transfer is made, you and your customer will receive an instant notification that the payment has been successful and the goods can be released immediately.

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