Presented by SID

SID Instant EFT celebrates 10 years of secure online payment processing

Partner

 ·26 Jan 2017

Since its launch in 2007, SID Instant EFT has experienced a 30 percent increase in processing volume year-on-year, with more than R5 billion’s worth of transactions processed through its secure system.

The company enters its second decade with a new version of its payment system which is supported by South Africa’s top payment gateways and all major banks.

The new version of the payment solution, SID 2, continues the tradition of enabling local e-commerce by facilitating speedy EFTs without the risk of chargebacks or fraud.

Not only does this allow new merchants to confidently take their first step into the world of online retail, but it allows established merchants the ability to offer their customers the fullest range of payment options.

SID 2 has been built with both the merchant and the end-user experience at its core.

It boasts a slick new, responsive design, as well as optimised compatibility across all devices, including mobile phones and tablets.

Experience also shows that payments should be seamlessly integrated into the online customer journey.

SID 2 includes a significantly simplified payment process, where online customers will no longer have to download the SID application to complete a transaction.

These and other improvements makes SID 2 a must-have for companies obsessed with customer experience.

Improvements in SID 2 include:

• No application download: By cutting out the application download, the SID Instant EFT payment process is quicker and easier than ever before.
• Mobile-friendly payment pages: SID is fully compatible with all mobile devices and all platforms, thereby allowing merchants to activate valuable mobile sales channels.
• Slick, streamlined interface: The fresh new design of the SID payment pages facilitates a seamless customer experience.

Customers can now complete online or mobile purchases within minutes by selecting the SID payment method on any website displaying the SID logo.

SID then seamlessly facilitates a secure once-off payment via the customer’s trusted internet banking page.

As with normal EFTs, SID payments can only be completed once customers enter a one-time PIN received from their bank or respond to a push message sent by their bank.

SID ensures that the payment details are 100% correct, and guarantees the successful transfer of funds directly to the merchant’s bank account.

Funds are never held by SID, as with other EFT solutions.

Merchants can therefore issue an instant payment receipt and immediately confirm the customer’s order or booking.

Merchant benefits of SID Instant EFT payments:

• Instant payment confirmation: SID provides instant, guaranteed payment confirmation, so merchants can fill orders faster.
• Lowest Instant EFT pricing in SA: SID offers the lowest Instant EFT transaction fee in South Africa.
• No merchant account needed: Merchants receive real-time online payments directly into their business or private bank accounts.
• No risk of fraud or chargebacks: SID Instant EFT eliminates the risk of fraud or chargebacks.
• World-class customer support: SID deliver outstanding customer service and technical support (365 days a year).

Shopper benefits of SID Instant EFT payments:

• No credit card needed: With SID, no credit card is required, so shoppers no longer need to draw on credit in order to make online purchases.
• No shopper registration: Shoppers don’t need to register to make SID payments, so there’s no lengthy sign-up process.
• Bank-level payment security: When completing a SID payment, the shopper’s usual internet banking security remains in place, keeping them completely protected.
• Pay from a PC or Mobile device: SID is fully compatible with all devices, so shoppers can conveniently pay using their phones, tablets, PCs or Macs.
• Easy payment process: SID pre-populates the transaction details on the shopper’s internet banking page, making payment quick and easy. Upon completion, they’re directed right back to the merchant’s website.

The SID payment method is available to shoppers on hundreds of South African websites, across various industries, including: airlines, hotel groups, passenger bus services, delivery services and online stores.

SID Instant EFT is also available to merchants through various payment gateways, including MyGate, PayGate, Peach Payments and VCS.

To celebrate 10 successful years, SID is offering new clients their first three months 100% free.

The deal runs until 28 February 2017.

For more information about SID Instant EFT, or if you’d like to sign up for SID’s 10 year anniversary deal, visit the SID Payment  site before it’s too late.

The following video shows how easy it is to use the SID payment method.