SID instant EFT
SID (Secure Instant Deposit) instant EFT has been one of South Africa's most trusted online payment methods since 2007.
SID makes it easy for your customers to make secure online and mobile payments directly to your bank account, even if they don't have a credit card.
What makes SID different?
* SID is the most secure instant EFT solution in South Africa.
* VCS provides an immediate guarantee of funds.
* VCS has a proven track record spanning over a decade.
* SID now also offers transaction refund capabilities.
* Today, SID is utilised by more than 1 600 merchants in SA.
* You have the option of integrating SID directly onto your own Web page.
* SID is known and trusted by millions of online shoppers.
* World-class technical support and customer service, 365 days a year.
Simple integration options
Redirect integration
The customer is directed to a SID payment page and then redirected back to your Web site once the payment is complete.
Embedded integration
The SID transaction occurs within an iframe embedded on your own Web page, so the customer never leaves your site.
Redirect payment example
When paying with SID, your customer is guided through a smooth, automated purchasing process, starting and ending
1. Your customers select the SID payment option on your checkout page. They're then linked to the SID payment page, where they're prompted to select their bank.
2. They enter their usual Internet banking login details.
3. They select the bank account they wish to pay from.
4. The payment details are automatically populated and confirmed within seconds.
5. To complete the payment, the customers enter a confirmation OTP received from their bank, or they respond to a push SMS received from their bank.
6. The payment is then complete and SID automatically links the customers back to your Web site, where you can issue an instant order/booking.
Embedded payment example
The embedded integration option is ideal for merchants who would prefer to display the SID transaction within an iframe embedded on their own Web page. This solution makes it possible for customers to complete SID payments without ever leaving the merchant's Web site. Below is an example of a SID payment as it occurs within an embedded iframe:
1. Customer selects SID payment method
Once the customers have selected the products or services they wish to purchase, they're prompted to select their preferred payment method on the merchant's checkout page.
2. The customers select their bank.
3. They login to their Internet banking.
4. They select the account they wish to pay from.
5. They enter an OTP received from their bank.
6. The payment is then complete.
7. The merchant can instantly fill the booking/order.
SID benefits to your customers
* No customer registration
Your customers don't have to register in order to make SID payments.
* No need for a credit card
Customers no longer need a credit card in order to make WeChat top-ups or purchases.
* No beneficiary capturing
All details are pre-populated for the customer, eliminating finger errors and speeding up payments.
* Payment within seconds
SID guides your customers through a smooth, automated payment process within seconds.
* 100% secure and certified
SID is independently monitored and verified by leading privacy and security specialists.
* Real-time payment confirmation
An instant payment receipt is issued, so the customers can receive their order immediately.
SID payment link - collect payments quickly and conveniently.
Add payment link to invoices
By integrating the VCS payment link solution into your existing billing system, you'll be able to generate unique payment links, which can be inserted into your invoices. On receiving the invoice, your customer simply clicks on the link in order to complete a secure SID payment.
* Customer clicks on payment link/button.
* Customer makes payment using SID.
Add payment link to e-mails
You can also log into the SID Merchant Portal to manually generate a payment link, which you can send to your customer in the body of an e-mail.
Enter the payment details.
Generate a unique payment link.
E-mail the link to your customer.
Customer clicks on link in e-mail.
Selects his/her bank.
Logs into his/her bank.
Selects relevant bank account.
Enters one-time PIN.
Payment is confirmed.
SID pricing
Unlike most online credit card facilities, SID Instant EFT isn't subject to expensive Internet account charges from your bank. SID also offers the lowest instant EFT transaction fee in South Africa. You can, therefore, reduce your online processing costs substantially by offering SID on your Web site.
VCS SID pricing: 1.5% SID + VCS transaction fee
* Prices quoted exclude VAT.
* For SID, no additional merchant or acquiring fees are payable to the banks.
* The set-up fee is for software licence and activation, and does not include any development, integration or modification of the subscriber's software or infrastructure required to activate and implement the e-commerce service.
* Activation is subject to approval by Setcom in its sole discretion.
* Billing for monthly subscription fees is done in advance.
* Transaction fees are billed in arrears.
* Prices quoted do not apply to high-risk merchants.
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