After selecting the SID payment option on your checkout page, the customer is prompted to select their bank.
They’re then prompted to log in to their Internet Banking.
The customer selects the bank account they wish to pay from.
The payment details are automatically populated and confirmed within seconds.
To complete the payment, they enter a One-time PIN received from their bank. (Or they respond to a push SMS received from their bank.)
The payment is then complete and the customer can log out. SID directs them directly back to your website where you can issue an instant order/booking confirmation.
Mobile connectivity and smartphone penetration is driving e-commerce growth in South Africa. According to Visa, about one in four online shoppers in South Africa use their mobile device for online purchases. By implementing the SID payment method on your website, you can now activate valuable mobile sales channels for your business.
SID Instant EFT facilitates a seamless payment process on all devices, including smartphones and tablets.