Innovative Payment Solutions
FiveWest offers bespoke Rand collection and settlement solutions for individuals and businesses, ensuring efficient financial transactions designed to meet client needs.
Collections
ZAR Collection Service
FiveWest's ZAR collection service offers individuals and businesses the ability to receive and manage payments in South African Rand (ZAR) with FiveWest collecting on their behalf.
Seamless API Integration allows for automated collections and currency conversions.
Individuals and businesses can seamlessly convert into stablecoins, enabling global market access.
FiveWest has established partnerships with South African banks and trusted liquidity providers.
Settlements
ZAR Settlement Service
FiveWest's ZAR settlement services streamlines international payments into South Africa, offering a more efficient alternative to traditional forex payment methods.
Fast and cost-effective.
FiveWest's API suite allows for automated ZAR settlements.
Tailored solutions to meet your needs.
FAQs
How does the ZAR collection process work?
FiveWest collects payments in ZAR from your customers or clients and credits them to your account. These funds can then be settled into your bank account or converted into stablecoins.
What payment methods are supported for ZAR collections?
FiveWest accepts EFT (Electronic Funds Transfer) and direct bank deposits for ZAR collections.
How long does the ZAR settlement process take?
Settlement times depend on banking processes, but transactions may be instant or completed within 1-2 business days, depending on the requirements.
Can I settle funds into any bank account?
Yes, settlements can be made to any valid South African bank account, provided it meets FiveWest's KYC processes.
