Making an immediate payment on the Capitec app is a quick and easy process. You can do it by selecting the standard payment option and choosing "immediate payment," or by using the PayShap feature. This ensures that the money reflects in the recipient's account almost instantly.

How to make an immediate payment on the Capitec App

Here are the steps to make an immediate payment on the Capitec app:

1. Open the Capitec App: Tap on the Capitec app icon on your phone to open it.

2. Sign In: Enter your secret Remote PIN to sign in.

3. Transact: Tap on the "Transact" button.

4. Pay Beneficiary: Select "Pay Beneficiary." If the person you want to pay is not already a beneficiary, you'll need to add them first by selecting "Add Beneficiary."

5. Choose a Beneficiary: Select the beneficiary you want to pay from your list.

6. Enter Payment Details: Enter the amount you want to pay and the recipient's reference.

7. Select Payment Type: This is the important part. When you are on the payment screen, you will see an option for the payment type. It will likely default to a standard payment. Tap on it and select "Immediate Payment."

8. Confirm Payment: Review the payment details to make sure everything is correct. Then, tap on the "Pay" or "Confirm" button.

9. Approve the Transaction: You'll be prompted to enter your secret Remote PIN again to approve the transaction.

What about PayShap?

Another great way to make instant payments is by using PayShap. PayShap is a feature within the Capitec app that allows you to send money instantly to anyone with a cellphone number that is registered for PayShap, regardless of which bank they use.

I remember the first time I used PayShap. I had to pay a friend back for lunch, and he was with a different bank. I was worried it would take a day or two for the money to reflect, but he got the notification before I even closed my app. It was so convenient! You can read more about it in our post on How to Register for PayShap on Capitec.

How much does an immediate payment cost?

Capitec charges a small fee for immediate payments. The exact amount can be found on their website or in the app, as fees can change. It's usually a bit more than a standard payment, but it's worth it for the convenience of having the money reflect instantly.

I once had to make an urgent payment for a deposit on a weekend. The immediate payment fee was a small price to pay for the peace of mind of knowing the payment went through and I secured what I was paying for.

Making immediate payments is just one of the many things you can do with your Capitec app. Just like how you can earn rewards for things you are already doing, like shopping. With the Points Castle app, you can earn points for completing surveys and playing games, which you can then redeem for vouchers.