Can I use PayShap for payroll payments?

Yes. You can pay staff with Instant Payments via PayShap from the GoTyme Bank app, using each person's cellphone number or account number. The money lands in your employee's account instantly, even on a weekend or public holiday. You can send up to R50,000 a day in total across all your payments, so PayShap suits smaller teams and once-off payments best.

When PayShap works well for payday

• Small teams. If you pay a handful of people, sending each salary from your phone takes a few minutes, as long as the total stays within the R50,000 daily limit.
• Paydays that land on a weekend. PayShap runs 24 hours a day, 365 days a year, so a Saturday payday is still a Saturday payday.
• Last-minute corrections. Forgot overtime or a bonus? Send the extra amount straight away instead of waiting for the next cycle.
• Clear records. Every payment sits in your transaction history with the reference you added.

What it costs and when to use a Standard Payment

Instant Payments up to R5,000 are free and a flat R7 applies from R5,001 up to the R50,000 limit. Many monthly salaries sit above R5,000, so each of those payments costs R7. If your total payroll is over R50,000 or payday is planned in advance, a Standard Payment is free and lands at another bank within 1 to 3 business days. Paying a staff member who also banks with GoTyme Bank? GoTyme to GoTyme payments up to R500,000 are always instant and always free.

Paying casual workers by the day or the job? Read how to pay casual staff and contractors with PayShap. 

Open the GoTyme Bank app, tap Pay and get your team paid on time.