This post was updated on 26/08/2015

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Virtual Card Services

Virtual Card Services (VCS) was established in 1996 and works with ABSA, Nedbank, Standard Bank and First National Bank. VCS has more than 50 years collective experience in developing and implementing credit, debit and smartcard processing systems for all of the major card issuers in South Africa.

In order for an online retailer to register with VCS, the retailer must register with their bank as a Credit Card Merchant. Once registered, the retailer will receive a Merchant Number and can use this to register for VCS services.

VCS does not charge a set-up or transaction fee during the test phase of a client’s set up and the merchant receives monthly VCS tax invoice and statement via e-mail, once set up. A minimum monthly fee of R145 is charged, and a 50c authorization fee is levied per transaction. A settlement fee of 50c and an additional 0.5% of the transaction value are levied, with a maximum value of R4 per transaction. Volume discounts are given, in line with the monthly transaction volumes that a retailer handles. A full listing of the VCS packages can be accessed here:

Website Address:
Contact Number: 082 561 7525
Email Address:


Setcom is another payment service where bank registration as an internet merchant is required to accept credit card payments. The credit card acquiring is done directly with ABSA, FNB or Standard Bank. Setcom provides the technology to link the website to the banks.

Setcom has a range of pricing packages for retailers, geared towards meeting the unique needs of each business. The entry level package levies a R250 setup and R250 monthly subscription fee, with a transaction fee of 0.65% of the transaction’s value. The Best Value package entails a R399 monthly subscription whilst the Volume-Based package is available at R900 per month. Full information on these packages can be accessed here:

Website Address:
Contact Number: 011 555 1110
Email Address: 


Paygate has been around since 1996 and is therefore being used extensively on websites around the country. Credit cards accepted include Mastercard, Visa, American Express and Diners Club.

PayGate provides a number of different solutions to merchants, which are easy to use and extremely cost effective for online merchants and retailers. Paygate requires online retailers to register as a merchant at their bank and will supply you with a quote for joining, once you enquire here:

Paygate focuses its services entirely on being a specialist payment services provider and leaves the web design and development to the experts. Paygate provides code samples, payment modules, logos and documentation for download on its website, to enable clients development teams to easily integrate the Paygate system into their e-Commerce website.

Three product options are made available to Paygate clients: Payweb, which adds e-commerce functionality to your website by allowing you, the merchant, to accept payments online; PayXML which was specially developed to accommodate individual online payment processing needs and PayBill, which gives you the power to offer customers the option of online payments with every invoice they receive.

Website Address:
Contact Number: 0861 102 172
Email Address:


iVeri is a Nedbank product that meets all the essential requirements of a true multi-channel card payments system and enables online retailers to access a range of services, from remote payment devices to full-scale monitoring of all transactions in real-time.

With a multitude of acceptance channels, including a mobile Point of Sale (POS) system called PocketPOS and mPress, perfect for transactions involving EMV Chip and PIN cards via a mobile handset. iVeri makes it very easy for retailers to accept payments anywhere.

The iVeri Payment Gateway is a flexible yet robust and reliable solution that truly gives sellers a competitive edge in the market. Nedbank’s iVeri is a simple way to add payment facilities to a website.

Website Address:
Contact Number: 0860 114 966
Email Address:


MyGate enables customers to have one point of contact for all of their Payment, Collection and Verification needs. MyGate is a registered Payment Service Provider (PSP), offering payment gateway services which enables merchants to accept credit card and pin-less debit cards from a website or MOTO (Mail Order/Telephone Order) environment. Online payments, recurring billing, call centre, fraud prevention and business reporting services are just some of the MyGate offerings.

MyGate currently works with all four major Banks in South Africa and assists all its clients in setting up their merchant accounts with the banks. MyGate’s packages each levy a R250 setup fee, and a cascading monthly service fee. A discounted package is also available for charities.

See full pricing package information here:

Website Address:
Contact Number: 021 555 3260
Email Address:


Payza specialises in e-commerce processing, corporate disbursements and remittances for individuals and businesses across the globe. The e-wallet platform provides Payza members with convenient and flexible loading and withdrawal options, such as localized bank transfers, global bank wires, credit/debit card, checks and prepaid cards, among others.

Payza also caters for the business owner who runs more than one business, and lets users accept payments from different websites, via a single Payza Business account.

There are no fees to sign up with Payza for any of their three types of accounts – Starter, Personal or Business. Take a look at their subscription packages and pricing here: support/payza-transaction-fees



South African Banks:

FNB: 087 575 9404
Standard Bank: 0860 123 000
NedBank: 0860 555 111
ABSA: 0860 008 600

Related: South Africa Payment Gateways that don’t require bank registration.

Download our Guide to South African Payment Gateways