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bobPay Fees
Posted by , Last modified by on 02 September 2011 06:22 PM

Currently bobPay EFT is free. There are no monthly, subscription or set up fees to offer bobPay EFT to use it. It is also free for buyers to use.

Payout requests

In order to withdraw funds paid via bobPay EFT from your bidorbuy account, you need to make a Payout request in your My bidorbuy. You have one free payout in a calendar month, regardless of the amount requested. Thereafter, a bobPay transfer fee of R5.00 excluding VAT is charged for any payout amount under R3,000. For amounts over R3,000 no bobPay transfer fee will be charged.

If you have used your one free payout and request another payout below R3,000, the bobPay transfer fee of R5.00 excluding VAT will be charged. If a bobPay transfer fee is applicable, the system will not process your payout request if you have R5.75 or less in your bidorbuy account.

A user can not request less than R5.75 as a payout.

 

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