Can I accept and make payments with PayShap for my small business?

Yes. Small businesses and sole proprietors across South Africa use GoTyme Bank & PayShap to get paid by customers and pay suppliers in real time, up to R5,000 for free and up to R50,000 for just R7, using nothing more than a cellphone number or account number.

Picture this. A customer wants to collect an order now, but their EFT will take a day or two to clear. Or they send a screenshot as proof of payment and you are left wondering if the money is really there. With PayShap, the money arrives in your account before the goods leave your hands.

How PayShap works for your business

• Get paid on the spot. Send a Payment Request to your customer's cellphone or account number. As soon as they approve it, the money is in your account.
• Pay suppliers without the wait. Settle invoices with Instant Payments via PayShap and lock in stock while the deal is still on the table.
• Skip the proof of payment shuffle. You see the money reflect yourself, so you can release goods with confidence.
• Know your costs up front. Sending a Payment Request costs nothing. Instant Payments up to R5,000 are free and a flat R7 applies from R5,001 up to the R50,000 limit.
• Nothing to set up. PayShap is switched on automatically in the GoTyme Bank app and your ShapID is linked to your cellphone number.

Why it matters for small businesses

Cash flow is everything when you run a small business or work for yourself. Every hour a payment sits in clearing is an hour you cannot restock, pay a supplier or move on to the next job. PayShap closes that gap. You pay your own suppliers just as quickly. Whether you sell from a market stall, run a salon or quote for freelance work, you get paid and pay others on your schedule, instantly.

Get started today

Open the GoTyme Bank app, tap Payment Request and send your first one. See how Instant Payments via PayShap work.