PayShap refers to an instant payment method. The beneficiary will receive funds immediately. PayShap payments have a range of fees for various amounts at ABSA, Standard Bank, FNB, and Nedbank. However, only amounts of up to R3000,00 (approximately 163.41 U.S. dollars) can be made.Â
*Nedbank PayShap fees cost one South African rand (around 0.06 U.S. dollars) per transaction if payment is made from one PayShap account to another. A PayShap user transferring to a bank account will be charged 7.50 South African rand (about 0.41 U.S. dollars) per transaction.Â
Conversion rate as of 05/13/2024
Citation formats
PayShap transfer fees in South Africa 2023, by bank and transaction size
As of 2023, ABSA bank in South Africa charged the most significant amount of ** South African rand (about **** U.S. dollars) for PayShap transactions over ** to **** South Africa rand (around to * U.S. dollars). However, Nedbank offered a transaction fee of as little as *** South African rand (just **** U.S. dollars) for payments made from *** PayShap account to another. Considering the bank charges for instant and non-real-time EFTs, there is little incentive for customers to utilize the PayShap payment method.Â
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BusinessTech. (March 14, 2023). PayShap transfer fees in South Africa in 2023, by bank and transaction size (in South African rand) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved August 03, 2026, from /statistics/1465979/payshap-transfer-fees-in-south-africa-by-bank-and-transaction-size/
BusinessTech. "PayShap transfer fees in South Africa in 2023, by bank and transaction size (in South African rand)." Chart. March 14, 2023. ÌÇÐÄÆƽâ°æ. Accessed August 03, 2026. /statistics/1465979/payshap-transfer-fees-in-south-africa-by-bank-and-transaction-size/
BusinessTech. (2023). PayShap transfer fees in South Africa in 2023, by bank and transaction size (in South African rand). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: August 03, 2026. /statistics/1465979/payshap-transfer-fees-in-south-africa-by-bank-and-transaction-size/
BusinessTech. "Payshap Transfer Fees in South Africa in 2023, by Bank and Transaction Size (in South African Rand)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 14 Mar 2023, /statistics/1465979/payshap-transfer-fees-in-south-africa-by-bank-and-transaction-size/
BusinessTech, PayShap transfer fees in South Africa in 2023, by bank and transaction size (in South African rand) ÌÇÐÄÆƽâ°æ, /statistics/1465979/payshap-transfer-fees-in-south-africa-by-bank-and-transaction-size/ (last visited August 03, 2026)
PayShap transfer fees in South Africa in 2023, by bank and transaction size (in South African rand) [Graph], BusinessTech, March 14, 2023. [Online]. Available: /statistics/1465979/payshap-transfer-fees-in-south-africa-by-bank-and-transaction-size/
