It allows South Africa residents to pay an online merchant directly from their bank account via their Internet banking facility.
Payment is instantly debited from their account and the merchant is immediately notified that the payment has occurred. A credit card is not required!
If you have never used SID before, you will be asked to run the application. You will then be directed to your chosen bank site where you can login to make payment. Our banking details will be pre-populated on the payments page. Once you have completed the payment and received the receipt, your order will be fulfilled straight away without having to email or fax the confirmation to us.
A credit card is not required!
We do not charge you for making a SID payment, although your bank may apply fees for electronic funds transfers.
Anyone who has access to the Internet Banking facility from the following banks can use SID:
- First National Bank
- Standard Bank
- Nedbank
- ABSA
SID uses the “once-off payment” facility of Internet Banking, so you must have this facility activated with enough money in your bank account to cover the payments you intend to make. The payment amount must also be less than any “Once-off Payment” limits enforced by your Internet Banking facility.
SID Instant EFT is not compatible with bank accounts that have dual authorisation enabled.
SID uses the most advanced security features available on the Internet and although SID invokes your Internet Banking service, it does not access or store your Internet Banking identifier or password. These are entered directly into your Internet Banking log on screen using the usual security provided by your bank.
