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 2 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)