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Paystack vs Payfast by Network
South Africa merchant fee comparison covering card rates, Instant EFT, payout speed, monthly platform fees, and typical store platforms.
Cheapest match at R50 000 / month (R1000 AOV, cards): Paystack
| Feature | Paystack | Payfast by Network |
|---|---|---|
| Card rate | 2.9% + R1 excl. VAT | 3.2% + R2 excl. VAT |
| Instant EFT | 2% excl. VAT | 2% or a minimum of R2 excl. VAT |
| Payout fee | R0.00 | R8.70 |
| Payout speed | 2 working days | Standard payout |
| Monthly fee | R0 | R0 |
| Est. monthly cost* | R 1 725,00 | R 1 995,02 |
| Platforms | WooCommerce, Shopify, Custom API, Wix | WooCommerce, Shopify, Magento, Wix, Custom API |
| Best for | SaaS, developer-first apps, and recurring billing. | No-code setups that need many payment methods. |
*Estimated card fees at R50 000 monthly volume and R1000 average order, including payout, monthly fees, and VAT where the provider excludes it. Rates checked 29 October 2026. Run your own numbers.
Apply with Paystack
SaaS, developer-first apps, and recurring billing.
Apply with Payfast by Network
No-code setups that need many payment methods.