Bidvest Bank

Bidvest Bank publishes merchant services and a Merchant Acquiring Services agreement for South African businesses. The offer covers merchant acquiring, payment processing and a merchant cash advance.

Settlement

When the merchant solution is linked to a Bidvest Bank Business Account, proceeds are credited on the next business day. Linking the account therefore shortens the cash cycle, and a merchant that banks elsewhere should ask what timing applies.

Merchant cash advance

The bank lists a merchant cash advance as part of the offer. This is a form of financing tied to card turnover, so it is relevant to retailers and service outlets that need working capital but already process card sales through the bank. Repayment mechanics and pricing are not described in the source material.

What is not stated

Card networks, discount rates, terminal types and onboarding requirements were not provided. The merchant agreement should be read in full, and tariffs requested, before comparing the service with other South African acquirers.

Who it suits

South African businesses that already hold, or are ready to open, a Bidvest business account and want card acceptance with next-day settlement and a financing option from the same institution.