Process manual EFT payments over API
Give customers more ways to pay. Accept Manual EFTs or electronic bank transfers made via customers’ banking apps, over API.
Offer manual EFT as an alternative method
For larger businesses with a commercial or corporate bank account and which require dual authorisation, or customers that prefer to make transfers via their banking portal, Stitch offers Manual EFT or electronic bank transfer.
Add Manual EFT as a method alongside others, and reconcile all transactions in one place.
Why Stitch Manual EFT?
Payments can be initiated anytime, including weekends and public holidays.
Maintain existing direct relationships with banks, and reconcile transactions made by customers off-platform from one dashboard.
Receive instant notifications when a manual transfer has been initiated, so you can allocate funds or products accordingly.
Offer Manual EFT in combination with other methods to give customers an additional way to make a once-off payment.
About Stitch
We work closely with client teams – from technical support, to custom-crafted solutions, to UI/UX and marketing advisory, and ongoing customer success – to make sure the Stitch API performs for your business.
Precision engineering
We have a relentless obsession with solving new, complex problems. We build payment solutions with painstaking attention to detail, to continually improve on conversion, experience and reliability for our clients and their users.
Client-led ethos
We offer deep support, working closely with client teams to co-develop bespoke and customised payment solutions that meet their unique needs – from product architecture to design and marketing support.
Deep infrastructure
We leverage deep connections across the entire payments stack to provide seamless access to financial systems, resulting in higher reliability and better payments performance.
"I had a great sense of comfort when working with the Stitch team knowing they fully support our vision and our obsession with checkout experiences in our different channels."
“Amazing work by the Bash and Stitch teams to simplify our payment flows for TFG Account customers. It's super slick.”
"We’re building a truly modern platform to manage frontline workers, and to do that we need best-in-class tools. Partnering with Stitch has enabled us to bring speedy payments to our customers, using the most modern payments technology in South Africa."
"We’ve had a great experience working with the Stitch team. We could communicate quickly and efficiently. The response time was fantastic, and whenever we had issues, the team really jumped on it and solved it for us as quickly as possible."
Developers
We pride ourselves on a strong developer experience. Our API is built on GraphQL, for faster and simpler queries and easier integration. Our team will work with yours to determine the most optimal integration type, and co-design solutions for your business.
Leverage our hosted pages with optimised flows so you don’t have to build the UI from scratch.
ISO 27001 + PCI DSS Level 1 certified
We practice stringent data management and protection through the use of encryption and regularly monitor these systems through internal tests.
Our data protection and information security policies move through constant iteration in order to ensure that we proactively mitigate any potential threats to Stitch’s payment and client data.
FAQs
A manual EFT (Electronic Funds Transfer), also known as manual transfer or Direct Deposit, is a payment made from a customer’s online banking portal or app to a business bank account. This is different from a regular Pay by bank payment in that the customer must leave the app or site they’re looking to pay and open ytheirour banking app or portal to make a payment.
Typically, manual EFTs take 1-3 days to clear. However, merchants receive notifications as soon as a transfer has been initiated.
To complete a manual transfer, customers choose Manual EFT as a payment method at checkout. They’ll be shown instructions indicating the account details to pay into, the amount, and a unique reference. They will need to log into their online banking portal and follow the instructions on the screen to complete the transfer and include the unique reference.
Businesses will be notified once a Manual EFT has been initiated, but settlement can take 2-3 days.
A Manual EFT or Electronic Funds Transfer is a payment made from a customer’s banking app or portal. The customer must log into their banking portal and manually enter destination account and reference details to initiate the transfer.
The fastest and most secure way to make a bank to bank payment is via Pay by bank.
Increase adoption, improve conversion and optimise finance operations
Learn how you can start building a winning payments experience with Stitch