How does the Surety deposit for EFT Debit Orders work?

How does the Surety deposit for EFT Debit Orders work?

To process EFT debit orders, it is required that we keep a Surety deposit from you. This Surety deposit will be requested from you in the onboarding process.


The deposit should be at least 10% of your monthly processing volume (in ZAR).


If your monthly debit order volume exceeds the allowed volume as per your surety deposit, your debit orders will fail.


If you expect this to happen, i.e. because your total volume has increased, please contact banking@rapidpaycollect.co.za, so we can assist you in topping up your Surety deposit.



If you want to apply for a facility with Rapid Pay Collect, please find our Application Form attached hereto.

Please email our Sales Team at: sales@rapidpaycollect.co.za with the fully completed application form as well as the supporting documents as requested.


For your convenience, we have also attached our API Specifications document, for Debit Order Collections and Payments, for integration into your own software systems>>>> See attached API Technical Specification Document.

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