The improvements will benefit our growing network of merchants, which has more than doubled year-on-year.

We are exceedingly pleased with the results of the team’s work over the last few months. The new platform is delivering significantly better speeds across all the banks. The new interface, designed with the help of a specialist UX team, also offers a far superior user experience, lowering cart abandonment and delivering an overall checkout experience that will delight customers.

Superior Customer Service

Offering as many payment options as possible is a big part of the online customer experience.

Adding the new and improved SiD Secure EFT is a quick and easy way for merchants to deliver superior customer service and, in many cases, differentiate themselves from their competitors.

How to use the New & Improved SiD

Additional banks

In addition to these improvements, our service is now available to customers of Tyme Bank. We are also in the process of adding Bidvest Bank and African Bank, making our platform more accessible, regardless of where our customers’ bank.

No tokenisation

We are particularly pleased with the speed levels of our new platform and can support it without needing to resort to tokenisation. This allows us to offer customers a comparable transactional experience when compared to other online payment methods. SiD will remain true to its commitment that it will never store users’ details.

If you require any further information or you’d like to receive SiD payments on your company website, please contact us below

Anyone who has a credit card risks carrying too much credit card debt. To keep you debt free –  keep in mind the following tips:

Keep an emergency fund

People might create credit card debt after a major car repair or medical expense. Therefore, having an emergency fund helps you avoid such debt, by ensuring that you have cash to use when an emergency arises.

Avoid balance transfers

Don’t transfer balances from card to card to avoid your due dates. If you transfer a balance to another credit card, there must be a good reason, like taking advantage of a lower interest rate. Otherwise, your balance will simply increase because of the balance transfer fee.

Pay your balance in full each month

If you want to avoid credit card debt, pay off your full credit card balance every month. This will eliminate the risk of getting into credit card debt.

Be aware of the signs of credit card debt

If you recognize the early warning signs of credit card debt, you can avoid getting into debt altogether. For example, the inability to pay your full balance is a sign that you are headed for credit card debt.

Understand your credit card terms

It is better to thoroughly read through the credit card agreement to make sure you understand how interest will affect to your account. When will you be charged a fee? When does your interest rate go up? Clarity on such features of your credit card can help you avoid credit card debt, since you understand how using your credit card costs more.

SID Payments allows consumers to pay directly from their bank accounts for online purchases, making it a smart way for shoppers to avoid credit card debt. Since you can make online payments without a credit card, there’s no need to draw on credit when shopping online.

Also, you don’t have to sign up in order to pay with SID, and you will not be charged an additional fee. When completing a payment, your usual internet banking security protects you throughout the transaction, making SID payments safe online payment methods.

For you as a merchant to stand out above the competition, you need to be offer a diverse range of quality products, easy payment methods, and well-thought-out discounts, among other things. Payment is one of the most crucial parts, because without it, the entire buying process is incomplete. So, if you fail to offer an effective and secure online payment option, then, no matter how good your product is, you will be at a loss.

So, what is the possible solution?

The SID Secure EFT account is a highly secure secure EFT solution. It safely collects the payment from the shopper via the merchant’s website, email or invoices, and directly transfers the funds into the merchant’s bank account. We facilitate safe EFT processing with a high level of security, without the need of a credit card.

Merchant Protection Program

SID is independently monitored and verified by leading security and privacy certification specialists and allows payment through South Africa’s most trusted banks.

However, for additional support and guidance, SID has its own merchant protection program with the following unique features:

• 100% guaranteed protection

The company guarantees 100% protection up to a maximum of R10,000.00 in respect of funds not received in the merchant’s bank account when payment is made through SID.

• High customer support

If, for instance, you have received the confirmation of a transaction from SID system, but it does not reflect in your bank account, our customer service team will be there to assist you.

• Dispute resolution on payments

The Dispute Resolution Specialists collect all information about your transactions and help you resolve any issue smoothly. You will be advised of your claim’s status via email throughout the process.

• Filing claim

Through the merchant complaint process, one can issue formal complaints regarding payment confirmation received via SID, but never reflected in the bank account. We make all effort to reimburse the funds at the earliest.

Merchants will benefit from such a secure and transparent EFT system. So, hold your search for EFT payment solutions and engage with us if you want to stay ahead in this fast-moving world of e-commerce business.

Firstly, your website should appeal to your target audience, should have great graphics, and informative content. You then need to back that up with excellent customer service. To generate traffic, it is highly recommended that you optimise your website.

In addition, you will need a reliable and secure online payment system to facilitate orders and payments on your website.

Advantages of an Online Payment System

• A well-designed e-commerce website with a simple and hassle-free payment method will give you an edge over your competitors.
• Having an online payment gateway allows you to centralise your payment processes. It gives you a complete overview of your revenue.
• It helps determine which payment processes need improvement to provide better customer service and generate more income for the business.
• Having an online payment gateway guarantees that your website is capable of processing payments at all times. It allows your customers to pay anytime, anywhere.
• It provides customers with different payment options aside from other payment gateways. This makes it convenient for your customers and increases customer satisfaction.

Check online for companies that offer safe online payment methods and the best payment gateways in South Africa.