What are EFT Debit Orders?

EFT Debit Orders are payment collections that can debit both personal and business accounts, ideal for B2B and B2C transactions.

What’s the difference between SDDO and TDDO?

SDDO (Same-Day Debit Order) processes collections on the same day; TDDO (Two-Day) follows a two-day settlement cycle.

How can I settle payments?

PAYM8 supports both TPPP (third-party payment processor) and direct bank settlement for flexibility.

Are these methods affordable?

Yes, EFT Debit Orders via PAYM8 are cost-effective and easy to manage with the benefit of fast collection turnover.

EFT

EFT Debit Orders

Why Choose PAYM8 for EFT Debit Orders?

EFT Debit Orders are the most widely used debit orders in South Africa and are the only Debit orders that can be run against both private and business accounts, therefore making them suitable for both B2B and B2C collections.

PAYM8 offers you both variants of EFT Debit Order, namely Same Day Debit Orders (SDDO) and Two-Day Debit Orders (TDDO).

Start Accepting EFT Debit Orders

Benefits

Affordability
Suitable for B2B and B2C Collections
Easy to manage
Ability to load a payment arrangement today for collection today
PAYM8 offers you both TPPP and Direct Settlement