Want to turn “I’ll pay you now now” into “Now I’ve paid you”? We got you!
Introducing our brand spanking new, revamped online checkout experience. The star of the show? Instant EFT, another easy way to get you paid.
“Cool but like, what is Instant EFT exactly, and why should I care?”
Glad you asked! Instant EFT is an INSTANT way for customers to pay you via EFT. Instead of logging onto their bank, adding your payment details, amount, reference number and the name of their first pet, they can pay you via EFT in a couple of clicks. Our Instant EFT option Integrates with the five major banks in South Africa (Standard Bank, Absa, FNB, Capitec, Nedbank), which means that 95% + of your customers are able to access it.
Here’s why your customers <3 Instant EFT (and you will too):
It’s a whole lot easier than a traditional EFT
In the age of instant gratification, your customers want what they want, when they want it – without having to do a whole lot of work.
It gifts them a seamless checkout experience – the holy grail of online payments
Your customers shouldn’t have to jump through hoops in order to hand over their hard-earned money. The easier it is to pay for something, the higher the chance that someone will complete their transaction. Because instant EFT is one: fast, and two: ridiculously easy, paying you is – dare we say – an enjoyable experience. And as you know, happy customers lead to more sales down the line. Kaching.
We want to know: What is the one thing no one tells you about running a business? ✨— Yoco (@Yoco_ZA) October 19, 2022
Their money is safe from the prying eyes of fraudsters
Yoco doesn’t store any payment information when someone pays via Instant EFT. Because payments are facilitated by a third party (i.e.: your customer’s bank), their details are protected by their bank’s rigorous safety protocols.
You can give customers the option of paying you via Instant EFT when you use:
- Yoco Invoices
- Yoco Link
- Yoco Payment Page
- And if you have an online store, WooCommerce supports Instant EFT too! All you have to do is make sure you have updated to the latest version.
- Shopify (launching May 2023)
Here’s how our Instant EFT feature works:
Using our Instant EFT payment option is easy. When your customer clicks on the unique Yoco Link you’ve sent to them (via text, email, WhatsApp, DM, Invoice, or Payment Page), they’ll be able to choose the Instant EFT option, and will be prompted with the following steps:
Select Instant EFT
Select *your bank
Select the relevant ‘linked account’
And there you have it – a redesigned, seamless checkout experience that makes getting paid even easier.
Note: ‘Instant EFT’ does not mean that money lands in your account instantly. BUT! Our InstantPayout feature is coming soon – watch this space for more details.
*I.e.: your customer’s bank