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PayFast

PayFast

South African Market

VS

Alma

European online and in-store retailers, including those selling higher-value goods, that want to offer guaranteed instalment or pay-later options to customers.

Alma
Fees from
3.2% vs Standard offer (up to €1M of turnover): No set-up fees or monthly fees. Payment in 2 instalments: 3,60% HT (no fee sharing with the customer); with fee sharing, your fees 0,71% HT, max fees 2,89% HT. Pay Later (payment 15 days later): 4,20% HT; with fee sharing, your fees 0,71% HT, max fees 3,49% HT. These rates may be adjusted according to the risk identified; an automatic increase in rates applies when the buyer uses an American Express card or a business card. Customized offer (over €1M of turnover): decreasing rates according to volumes.
Features

0 shared

2 unique to PayFast
Regions

0 shared

1 unique to PayFast
Pay methods

3 shared

9 unique to PayFast · 6 unique to Alma
On licensing

Not enough published data on licensing for a fair verdict — open the full specs below for reference.

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Show full specs
2 features · 18 payment methods · 1 regions. We don't rank these — they're here for reference.
PayFast PayFast
Alma Alma
Quick Facts
Fees
Standard transaction rate
3.2%
Standard offer (up to €1M of turnover): No set-up fees or monthly fees. Payment in 2 instalments: 3,60% HT (no fee sharing with the customer); with fee sharing, your fees 0,71% HT, max fees 2,89% HT. Pay Later (payment 15 days later): 4,20% HT; with fee sharing, your fees 0,71% HT, max fees 3,49% HT. These rates may be adjusted according to the risk identified; an automatic increase in rates applies when the buyer uses an American Express card or a business card. Customized offer (over €1M of turnover): decreasing rates according to volumes.
Settlement
Time to receive funds
2–3 business days
Your customers pay later and you receive the full amount immediately.
Founded
1999
—
Headquarters
Cape Town, South Africa
—
Sandbox / Test Mode
✓
—
Webhook Support
✓
—
Features
PayFast leads (2 vs 0)
Instant Payout Unique
✓
—
Startup Friendly Unique
✓
—
Payment Methods
PayFast leads (12 vs 9)
Amex Unique
—
✓
Apple Pay Unique
✓
—
Bancontact Unique
—
✓
Bnpl
✓
✓
Cartes Bancaires Unique
—
✓
Contactless Unique
✓
—
Credit Card Unique
✓
—
Debit Card Unique
✓
—
Eft Unique
✓
—
Google Pay Unique
✓
—
Ideal Unique
—
✓
Installments Unique
—
✓
Mastercard
✓
✓
Mobile Payment Unique
✓
—
Payconiq Unique
—
✓
Qr Code Unique
✓
—
Samsung Pay Unique
✓
—
Visa
✓
✓
Regions
PayFast leads (1 vs 0)
Africa Unique
✓
—

PayFast is best when you...

South African Market
Need Instant Payout
Not available with Alma
Need Startup Friendly
Not available with Alma
Want coverage in Africa
Alma doesn't cover this region
View PayFast

Alma is best when you...

European online and in-store retailers, including those selling higher-value goods, that want to offer guaranteed instalment or pay-later options to customers.
View Alma

Frequently Asked Questions

What is the difference between PayFast and Alma?
They share 3 payment methods and 0 regions. PayFast adds Apple Pay, Contactless, Credit Card and 6 more that Alma does not list; Alma adds Amex, Bancontact, Cartes Bancaires and 3 more that PayFast does not list; PayFast also covers Africa; only PayFast offers Instant Payout, Startup Friendly.
Which is cheaper, PayFast or Alma?
PayFast has published rates from 3.2%; Alma has published rates from Standard offer (up to €1M of turnover): No set-up fees or monthly fees. Payment in 2 instalments: 3,60% HT (no fee sharing with the customer); with fee sharing, your fees 0,71% HT, max fees 2,89% HT. Pay Later (payment 15 days later): 4,20% HT; with fee sharing, your fees 0,71% HT, max fees 3,49% HT. These rates may be adjusted according to the risk identified; an automatic increase in rates applies when the buyer uses an American Express card or a business card. Customized offer (over €1M of turnover): decreasing rates according to volumes.. Headline rates exclude fixed per-transaction fees, FX and chargeback costs, so model your own mix before deciding.
Where can I use PayFast and Alma?
PayFast lists 1 region and 12 payment methods; Alma lists 0 and 9. Check the country list on each profile before onboarding — regional coverage is not the same as local acquiring.
How do PayFast and Alma compare on integration and settlement?
PayFast offers a sandbox, Alma does not list one; PayFast supports webhooks; PayFast settles in 2–3 business days, Alma in Your customers pay later and you receive the full amount immediately..

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