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What Is bobPay?
Posted by bidorbuy Admin, Last modified by on 12 August 2011 12:08 PM

bidorbuy offers to sellers a built-in payment solution which adds convenience, speed and efficiency to the transaction. There are two options:

  • The bobPay credit card payment system allows sellers to accept credit card payments from buyers. bidorbuy receives the payment via a secure payment gateway and the seller is then credited with this amount.
  • The bobPay EFT is available to all sellers provided they can receive payout requests into a South African bank account. bidorbuy has opened bank accounts with each of the major South African banks (Absa, FNB, Standard Bank and Nedbank), eliminating the usual delay for payments made between different banks. bidorbuy has also implemented a system to reconcile the payments received and in most cases both the buyer and seller are notified of receipt of the payment within half an hour of the payment being made.