bobPay Credit Card is a payment system which allows Verified Sellers who have been approved by Bob Shop to accept credit card payments from Buyers. Bob Shop receives the payment, via a secure payment gateway, and the Seller is then credited with this amount, minus the bank fees charged by Bob Shop (currently set at 5%). View more help on bobPay Credit Card.
bobshop has also launched bobPay EFT. bobPay EFT is available to all Sellers provided they can receive payout requests into a South African bank account. Bob Shop has opened bank accounts with each of the major South African banks (Absa, FNB, Standard Bank and Nedbank) thereby allowing payers to select the bank they would like to make payments into, thus eliminating the usual delay for payments made between different banks. In order to further streamline the process payers are provided with payment instructions customised to the bank they are paying from. Bob Shop has also implemented a system to reconcile the payments received and in most cases both the Buyer and Seller are notified of receipt of the payment within half an hour of the payment being made.
More details on bobPay - EFT
Terms and Conditions for using bobPay Credit Card and bobPay - EFT
