Payflex

Payflex is a popular online payment method in South Africa. It allows consumers to make online purchases and split the total cost of their purchases into multiple interest-free installments.

Here are some key details about Payflex:

– How it works: When making an online purchase on a participating merchant’s website, you can choose Payflex as your payment method. Instead of paying the full amount upfront, Payflex enables you to divide it into four equal installments, paid over a six-week period. No interest or additional fees are charged.
– Registration: To use Payflex, you need to sign up on their website (payflex.co.za) and create an account. You’ll be required to provide your personal information and banking details for payment processing. Payflex will conduct a quick credit check to assess your eligibility.
– Eligibility: Payflex is available to South African residents aged 18 or older, holding a debit or credit card issued by a South African bank, and having a regular monthly income.
– Security: Payflex employs security measures to safeguard your financial information. They use data encryption and adhere to applicable security standards.
– Fees: Payflex does not charge any interest or user fees to buyers. However, merchants may be subject to transaction processing fees.
– Repayment and late payments: Failure to make a payment on time may result in late payment fees imposed by Payflex. It’s important to adhere to the payment dates to avoid such fees.
– Participating merchants: Payflex is accepted by numerous e-commerce sites in South Africa. You can check their website for a list of participating merchants to see where Payflex can be used.