What are the transaction limits for PayShap?

The current PayShap limit

With GoTyme Bank you can send up to R5,000 free with a PayShap Instant Payment, then one flat fee of R7 up to the R50,000 limit.

Why PayShap limits differ by bank

Each participating bank sets its own PayShap limits, so the person you are paying may be working to different numbers than you are. This matters most when you are requesting money rather than sending it, because their limit applies, not yours. If the amount is large, check with them before you send the request.

What to do when you need to send more 

Use a Standard Payment instead. It is always free with us and handles up to R500,000. Standard Payments should arrive within 1-3 business days.

A quick way to decide

If your payment is under R5,000 and needed now, send it instantly with PayShap and GoTyme Bank and don’t pay a cent. Over R50,000, a Standard Payment is your only option and it costs nothing either.

Explore Instant Payments with GoTyme Bank via PayShap.