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Easiest and Cheapest Online Forex Payments to South African Businesses


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If you are looking for a payment gateway with innovative online payment methods for getting paid in forex to South Africa or forex payments to South Africa at the best rand exchange rates then read on  . . .  today, leading payment gateway PayGate launched PaySum1, a new online payment product, ideal for businesses in South Africa receiving payments from overseas clients.  The exchange rate is world beating, payments are made FREE OF COMMISSION and there are NO FOREX BANK CHARGES.  

How it works is that overseas customers pay in their own currency in their own country and PayGate pays the South African business out in rands locally at the most competitive exchange rate. The cost to the South African business is only R10 a transaction and a minimum fee of R50 a month. 

PaySum1 is a creative new online payment method  available on PayGate payment gateway's PayWeb (for people shopping online at the business's website) and PayBill (where the business sends the customer a bill to pay online).  The payment can be made as part of the normal online shopping process or the business can send a bill to a customer to pay online from the comfort of their home in their home country and in their home currency.

Advantages to South African businesses receiving forex

  • Merchants have another way to get paid by overseas customers

  • Merchants save money on SWIFT and wire transfer fees.

  • There is no charge-back risk

  • Merchants save money on incoming South African bank fees

Advantages to customers paying South African businesses in forex

  • Overseas customers make payments to South Africa at up to 10% cheaper than using the banking system for electronic transfers.

  • Customers make payment to South Africa with a simple EFT to their local bank in their local currency in their own country

  • Customers are guaranteed the best exchange rates

  • No international transfer fees

  • Zero commissions (client pays R50 on amounts smaller than R5,000).

PaySum1 is an international payment method powered by Exchange4free who are a global foreign exchange service firm regulated and authorised by the Financial Services Authority (FSA) in the United Kingdom to provide Money Remittance and Payment Services under the new Payment Services Directive (PSD) of 2009.   Exchange4free is a world leading foreign exchange service provider who has been operating in the United Kingdom since 2003 and processes over 50,000 individual payments for 20,000 clients worldwide every year.

This is another innovative online payment method from PayGate payment gateway for getting paid in forex to South Africa (making forex payments to South Africa) at the best rand exchange rates.   The exchange rate is world beating, payments are made FREE OF COMMISSION and there are NO FOREX BANK CHARGES.   PaySum1 is another great product PayGate brings to Africa to provide merchants with more ways to get paid effectively and economically.  More information is available on the PaySum1 website.  If you are interested in receiving easy, least cost and best exchange rate payments from overseas, go to to sign up now.

Payment Gateway

Date Posted: 2010-04-07
Posted By: PayGate Payment Gateway
Listed under these Business Listing Categories: Financial services, IT Services & Products,

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