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Creditor Payments

Spend Less Time Managing Payments, and More Time Growing Business with Netcash.

Netcash

Creditor Payments Made Easy

A Reliable and Simple Way to Pay Your Creditors

Paying suppliers can be time-consuming and admin intensive. Netcash provides you with a single, secure account to make all of your business payments. Integrate Netcash with your existing accounting or billing software to make creditor payments more efficient than ever before.

Pay Anyone Effortlessly

Streamline your payments to public entities like municipalities, SARS and payroll suppliers with easy integration into your existing creditor batches. If you’re making a single payment or processing a large batch, our system simplifies the process of paying Public Beneficiaries.

No need to submit bank account details when making payments to Public Recipients. Simply select a public recipient from our pre-determined list and have confidence that your payments will reach the right place quickly and securely.

Why use Netcash for Creditor Payments?

  • Save Time

    Avoid unnecessary last-minute payment rejections with bank validation. Now, you have the peace of mind that all payments will be accepted by the banks on payday.

  • Extra Security

    You have full control over the security of your account. Dictate the levels of access, the number of authorisers per payment batch, and use One Time Pins (OTPs) or 2 Factor authentication to authorise payments.

  • Save Money

    Take advantage of our discounted transaction fees when you process creditor payments. The higher your transaction volume, the more you save.

  • Increase Accuracy

    Accuracy is of utmost importance when making payments, which is why we ensure that you pay the correct bank account every time by using our bank account verification service.

  • Be in Control

    Stay in the loop. Netcash provides extensive reporting including statements, batch, and audit reports, as well as payment notifications, so you’re never left in doubt.

  • Greater Flexibility

    Our Dated Payments service ensures all creditors receive their funds on the same day, at the same time, regardless of their bank. Need more speed? Use Real-Time Clearance (RTC) for 15-minute transfers - ideal for urgent payments and cash flow control.

Benefits of using Creditor Payments with Sage Accounting Software

  • Convenient to Pay

    Upload payment files to Netcash directly from your integrated software.

  • Protect Your Business

    Avoid fraud and manage risk by using Netcash’s consumer and commercial credit checks and reports from CIPC and multiple credit bureaus.

  • Files are Kept Safe

    Payment batches are sent directly to Netcash, avoiding the risks of exposure and tampering associated with manual uploads and files.

  • Automated Reconciliation

    The data provided by your software allows for effortless, automated reconciliation of creditor payments.

  • Pay the Right Creditor

    Validate and verify creditor bank account numbers as you capture them in your accounting, billing or ERP software.

  • Quick Integration

    Start using Netcash and benefit immediately via a simple integration link added to your accounting software.

FAQs

What is the difference between Dated and Same Day payments?

Dated payments ensure all beneficiaries receive funds in their bank account on the selected payment date, regardless of which bank they use. This option is ideal for salary and wage payments. Same Day payments allow funds to reflect in the beneficiary’s account on the next business day, value-dated to the payment date.

On which days can payments be made with Netcash?

Dated payments: Available Monday to Saturday, excluding public holidays. Same Day payments: Available Monday to Friday, excluding public holidays.

Does Netcash offer integrated payments with my business software?

Yes. Netcash integrates with popular accounting, payroll, and billing software. This allows you to automate supplier and salary payments directly from your system. 

How do I fund my Netcash account to process payments to beneficiaries?

You can fund your Netcash account by depositing the total payment batch value into one of our clearing accounts at major South African banks. Existing clients can log in to view account details and choose the most convenient option. 

How do I know my payments will reach beneficiaries on the payment date?

Netcash uses an advanced bank account validation and verification service (AVS). This ensures beneficiary details are correct and prevents last-minute payment rejections by matching account numbers with ID or company registration numbers.

Can I automate creditor payments?

Yes. If you are using supported accounting, payroll, or ERP software, you can fully automate your creditor payments through Netcash’s integrations. This saves time, reduces manual errors, and improves business efficiency.

How do creditor payments differ from debit orders?

Creditor payments are outgoing payments from your business to suppliers, employees, or service providers, either once-off or on a recurring basis. Debit orders, on the other hand, are incoming collections where your business receives money from customers (e.g., memberships or insurance premiums). Debit orders require a signed mandate, while creditor payments are usually linked to invoices.

Can Netcash be used for salary payments in South Africa?

Yes. Many businesses use Netcash for payroll and salary payments. Dated payments are particularly suitable for wages and salaries, as they ensure funds reach beneficiaries’ accounts on the exact payment date. Netcash also integrates with most popular payroll software, making salary processing and reconciliation even more seamless.

Is Netcash suitable for supplier payments?

Absolutely. Netcash creditor payments are widely used by South African businesses to manage supplier payments securely. The service ensures accurate bank account validation and flexible scheduling, making it ideal for recurring supplier invoices.