EFT (Electronic Funds Transfer)
Debit Order, Payment System, Debit Order Collection
EFT debit orders are made possible via BankservAfrica. BankservAfrica developed a bulk electronic transaction processing system for daily clearing and settlement of debit orders and direct credit payments. The EFT service is available to all businesses and enables fast and efficient processing of salaries, account payments and debit orders.
EFT debit orders are generally more cost effective than AEDO or NAEDO debit orders and also feature a higher collection limit of R500,000.00 per instruction compared to the R5,000.00 per debit for AEDO as well as NAEDO debit order instructions.
, Debit Order
, Debit Order Collection
, debit order company
, debit order services
, eft credit
, eft debit
, Payment System