Over 30 000 South African online merchants can now accept Bitcoin through our partnership with PayFast

Team Luno
Back to blog

1 minute read

PayFast is South Africa’s leading payment processing company, that as of today, allows its 30 000+ merchants to accept Bitcoin as a payment method on their e-commerce websites.

payfast and bitx

Luno partnered with PayFast to make this Bitcoin integration possible, continuing to bring the benefits of cryptocurrencies to as many people in South Africa as possible.

How does it work?

The products on the merchant's website displays as it always does in South African rands. When the buyer goes to checkout, Bitcoin is available as a payment method in addition to the other enabled payment methods like credit cards and bank transfers.

When choosing to pay by Bitcoin the Bitcoin amount is displayed to the buyer, which is determined by Luno at the current rate of exchange. The buyer can then either scan the QR code with their mobile phone or copy the displayed Bitcoin address into their wallet and send the Bitcoin from their wallet. The buyer then clicks on a verification button on the PayFast website, and if successful, gets redirected back to the seller's website. The seller will a notification from PayFast that the payment has been received.

  • The seller does not receive Bitcoin, only South African rand, so they are shielded from any volatility in the Bitcoin price.
  • You can read more about the process and benefits on the PayFast blog here.


Avatar Team Luno

Team Luno

On our way to the moon, we write about all things crypto. And don’t forget we’re humans too. Our blog conveys the views of Luno and the many unique opinions and characters within our team. We’ll never provide you with financial advice, and we urge you to conduct your own research before purchasing or trading any cryptocurrencies. It’s a brave new world out there, and the market can be volatile at times, so never trade with funds you can’t afford to lose. Want to let us know how much you love our blog? Tweet us @LunoGlobal.

It’s never too late to get started

Buy, store and learn about cryptocurrency today

Desktop Icon Apple App Store Logo Google Play Store Logo