An Instant EFT payment, or Instant Electronic Funds Transfer, is a payment made directly from your bank account, to the bank account of a business you’re looking to pay into. Instant EFTs settle faster than manual transfers.
While Instant EFT payments are still possible, South Africa is shifting toward Pay by bank instead. To make an Instant EFT or bank to bank payment with Stitch, select 'Pay by bank' as your preferred payment method in the checkout flow of any business that uses Stitch for payments. Choose your bank and log in securely using your online banking details. Then proceed to confirm and authorise the payment.
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