Standard Bank South Africa

Standard Bank South Africa offers merchants POS and online payments, from start-ups to large retail chains, alongside business bank accounts. The products named include Payment Gateway, SimplyBLU and SnapScan.

Settlement According to the bank's FAQ, funds are credited the same day to Standard Bank accounts and within one to two working days to accounts at other banks. This makes holding the merchant's business account at the same bank a practical advantage for cash flow.

Services The listed services are merchant acquiring, POS, e-commerce, a payment gateway and business bank accounts. Account types, currencies, card networks, fees and settlement conditions are described separately for each legal entity and market, so the exact terms depend on the entity that contracts with the merchant.

What to clarify Merchants should ask for the current merchant service charge, device options for SimplyBLU and SnapScan, and any onboarding documents required for online sellers using the gateway.

Who it suits South African retailers, restaurants, service firms and web shops that want in-store terminals, QR-based payments and an online gateway from one bank, and that value same-day settlement into an account held with the same institution.