Payments

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Paying salaries and creditors should not bring additional pressure, you can relax in knowing that everyone will be paid on time.
Netcash is integrated with numerous payroll and accounting software enabling the creation of payment files within the software with a direct upload to Netcash. Payment files are created instantly and not exposed on your desktop.
Customers can pay their employees and creditors directly from the Netcash system by creating payment batches from their Netcash beneficiaries list.
Upload payments using your existing Excel or CSV format

There are 3 payment types

Same day payments

Funds will be available in the beneficiaries bank account the next day, value-dated for the (same day) payment date.
Funding and authorisation cut-off time is 13h00 on the payment day.
Valid payment dates are Monday to Friday (excluding public holidays).

All payments are reflected in all accounts on the payment day
Funding and authorisation cut-off time is 13h00 one business day before payment day and 13h00 on Friday for Saturday and Monday’s batches
Valid payment dates are Monday to Saturday (excluding public holidays)

Batch authorisation schedules:

Monday to Friday:

RTC batches are not available, on weekends or public holidays.

Authorise on available balance must be activated and funds available in the Netcash account to use RTC.