Don’t have your Nedbank ID yet?
Nedbank ID single sign-on gives you full digital access to Nedbank’s banking and lifestyle products and services on the Money app or Online Banking.
Log in
Log in to Online Banking or another one of our secured services.
Bank how and when you choose to, with the low fees or extra benefits you want.
Shop online or instore and earn rewards for it, with up to 55 days interest-free credit.
Buy foreign banknotes, transfer funds or shop globally with a travel card.
Great interest rates, with great flexibility and access to your money when you need it.
Personalised interest rates for affordable loans from R2,000 to R300,000.
Loan up to 100% of the property value or up to 105% if you are a first-time home buyer.
Choose a plan for yourself, family or build your own cover to suit your needs.
Get cover for your car, building, house contents, valuables and more.
Cover your bond, credit card, overdraft, loan and car repayments.
Take the right steps to achieve your financial goals with expert financial planning.
Plan for everything you own and owe, so your estate is in order when you’re gone.
Accounts
-
Everyday banking Safety, convenience and rewards
-
Kids accounts For children under 16
-
Youth banking For over 16s, or under 25s
-
Seniors accounts -
Private Clients For a professional banking experience
-
Private Wealth The globally integrated account
-
Digital wallet Your phone is your bank account
-
Goal saving Easy access to interest earned
- Discontinued accounts interest rates and fees
Credit cards
Digital banking
Switch to Nedbank
Fraud awareness
Forex
-
Send and receive international payments
Greenbacks
Accounts
-
On demand Money available at any time
-
In 24 hours Cash in your hand the next day
-
In 32 days Funds ready within a month
-
End of term Investments left until maturity
Investment services
Share trading
Personal loans
Home loans
Student loans
Overdrafts
Vehicle finance
Solar finance
Debt assistance
Life cover
Funeral cover
Short term insurance
Credit Life
Travel insurance
Is your business covered?
Guaranteed initial capital growth and investments
Financial planning
Estate, wills & trust services
Nedbank Private Wealth
Speak to a financial adviser
Blog
Talk to us
Find us
- Login & Register
- Online Banking
- Online Share Trading
- NetBank Business
- NedFleet
- Nedbank Greenbacks
- Nedgroup Investments
- Nedbank ID
- Bank
- Accounts
- Credit cards
- Digital banking
- Switch to Nedbank
- Fraud awareness
- Forex
- Greenbacks
- Explore Bank
- Accounts
- Everyday banking
- Kids accounts
- Youth banking
- Seniors accounts
- Private Clients
- Private Wealth
- Digital wallet
- Goal saving
- Discontinued accounts interest rates and fees
- See all accounts
- Premium banking
- Get help choosing
- Family Banking
- Refugees and asylum seekers
- FAQ
- How-to guides
- Discontinued accounts
- Everyday banking
- MiGoals Premium
- MiGoals Plus
- MiGoals
- Kids accounts
- MiGoals4Kids
- Youth banking
- MiGoals Premium
- MiGoals
- MiGoals Plus
- Seniors accounts
- MiGoals Premium senior
- MiGoals Plus
- Private Clients
- Pay-as-you-use
- Young Professionals
- Private Bundle and Private One
- Private Wealth
- Private Wealth Bundle
- Digital wallet
- MobiMoney
- Goal saving
- MyPocket
- Discontinued accounts interest rates and fees
- American Express
- Amex Gold
- Amex Platinum
- Digital banking
- Switch to Nedbank
- Fraud awareness
- Send and receive international payments
- Safe and secure incoming international payments
- Secure outgoing international payments
- To Africa
- Greenbacks
- Exclusive discounts
- FAQ
- How-to guides
- Save & Invest
- Accounts
- Investment services
- Share trading
- Explore Save & Invest
- In 24 hours
- JustInvest
- PlatinumInvest
- Tax-free Savings
- MoneyTrader
- EasyAccess Fixed Deposit
- PrimeSelect
- In 32 days
- Electronic 32Day Notice
- 32Day Notice
- End of term
- Tax-free Fixed Deposit
- Electronic Fixed Deposit
- Electronic Optimum Plus
- Platinum Fixed Deposit
- Fixed Deposit
- OptimumPlus
- Investment services
- Share trading
- Borrow
- Personal loans
- Home loans
- Student loans
- Overdrafts
- Vehicle finance
- Solar finance
- Debt assistance
- Explore Borrow
- Personal loans
- Consolidation loan
- Secondhand car loan
- Home improvement loan
- Exclusive short-term loan offers
- Explore loans
- FAQ
- How to guides
- Consolidation loan
- Secondhand car loan
- Home improvement loan
- Exclusive short-term loan offers
- Home loans
- Building loan
- Switching home loan
- Repossessed properties
- Start your home buying journey
- Solar-energy Finance
- Earn R32,000 p/m or less? See offer
- HomeVision extra funds
- Home-buying Toolkit
- Managing your home loan
- Explore home loans
- FAQ
- How to guides
- Track application
- Building loan
- Switching home loan
- Repossessed properties
- Start your home buying journey
- Solar-energy Finance
- Earn R32,000 p/m or less? See offer
- HomeVision extra funds
- Home-buying Toolkit
- Managing your home loan
- Student loans
- Explore student loans
- Overdrafts
- Vehicle finance
- Solar finance
- Debt assistance
- Consolidate all your debts into a simple loan | Nedbank
- Short-term payment relief | Nedbank
- Take charge and restructure your finances | Nedbank
- Assisted-sales solutions for homes and vehicles | Nedbank
- Flexible payment plans for loans and credit | Nedbank
- Understanding how repo rate works | Nedbank
- Consolidate all your debts into a simple loan | Nedbank
- Short-term payment relief | Nedbank
- Take charge and restructure your finances | Nedbank
- Assisted-sales solutions for homes and vehicles | Nedbank
- Flexible payment plans for loans and credit | Nedbank
- Understanding how repo rate works | Nedbank
- Insure
- Life cover
- Funeral cover
- Short term insurance
- Credit Life
- Travel insurance
- Is your business covered?
- Guaranteed initial capital growth and investments
- Explore Insure
- Life cover
- Get a call back
- Explore MyCover life
- Funeral cover
- Individual R10,000
- Individual R30,000
- Family Cover
- Build your own cover
- Get a call back
- Explore MyCover Funeral
- Individual R10,000
- Individual R30,000
- Family Cover
- Build your own cover
- Short term insurance
- Vehicle insurance
- Building insurance
- House contents insurance
- Valuables insurance
- Valuables insurance
- Get a call back
- Explore MyCover short term insurance
- Vehicle insurance
- Building insurance
- House contents insurance
- Valuables insurance
- Valuables insurance
- Credit Life
- Home loan credit life
- MFC Vehicle Finance Assurance
- Overdraft Assurance
- Balance Protection Plan
- Personal loan Assurance
- Get a call back
- Explore credit life
- Home loan credit life
- MFC Vehicle Finance Assurance
- Overdraft Assurance
- Balance Protection Plan
- Personal loan Assurance
- Travel insurance
- Is your business covered?
- Guaranteed initial capital growth and investments
- Guaranteed Growth Income Plan
- Guaranteed Growth Plan
- Get a call back
- Explore MyCover Funeral
- Guaranteed Growth Income Plan
- Guaranteed Growth Plan
- Plan
- Financial planning
- Estate, wills & trust services
- Nedbank Private Wealth
- Speak to a financial adviser
- Explore Plan
- Financial planning
- Investment planning
- Insurance planning
- Give
- Retirement planning
- Investment planning
- Insurance planning
- Give
- Retirement planning
- Estate, wills & trust services
- Will drafting
- Ensure your estate is managed by an executor | Nedbank
- Trust services
- Financial accounting
- Tax services
- Leave the admin of your estate to us, and not to your loved ones | Nedbank
- Will drafting
- Ensure your estate is managed by an executor | Nedbank
- Trust services
- Financial accounting
- Tax services
- Leave the admin of your estate to us, and not to your loved ones | Nedbank
- Nedbank Private Wealth
- Speak to a financial adviser
- Learn
- Blog
- Explore Learn
- Blog
- Contact us
- Talk to us
- Find us
- Explore Contact us
- Talk to us
- Find us
Get paid on your (compatible) smartphone
Get paid on your (compatible) smartphone
Staff writer
Posted 05/12/2021 Updated 31/08/2023 3 mins
PocketPOS now lets customers tap on your phone or scan a QR code to pay you.
Every business owner knows the first rule of business is ‘get paid’. But for small or occasional traders that is easier said than done, especially if you want to accept card payments.
Not anymore! You can now use your smartphone as a payment device. All you need is a compatible Android smartphone, and all your customers have to do is tap or scan a QR code to pay.
Yes, you read that right – your customers can now just tap their card on your smartphone to pay. Your phone will obviously need to have certain minimum specifications and functionality for this to work, but the convenience of quite literally carrying your till around with you is beyond awesome.
How it works
Small-business owners have long enjoyed the convenience of Nedbank’s PocketPOS system, combining the features of a mobile app with a card-payment device. Once you’ve signed up, downloaded the app and bought your device, you can accept chip-and-PIN card payments as easily as any of the main retailers.
The app generates the invoice and then relays it to the PocketPOS device using Bluetooth. Customers can then tap or insert their card and PIN to pay. The device accepts all credit and debit cards, including Mastercard, Visa and American Express.
All of that functionality has now been digitised and is available in-app if you have a compatible Android phone with near-field communication (NFC) functionality, which is the technology behind contactless payments on debit and credit cards, as well as services like Samsung Pay, Huawei Pay and Apple Pay.
Instead of customers tapping on the PocketPOS device, they can now simply tap your phone for transactions of any value. Your customer may be asked to enter their card PIN on the PocketPOS app if they have exceeded their verification limit. This is safe for the cardholder, as the PIN is encrypted and is not accessible by anyone.
You can also generate a QR code with the PocketPOS app that can be read and paid using Masterpass. If you’re not familiar with Masterpass, then it’s well worth exploring, because a growing number of customers are using digital payments like this linked to their bank cards.
Technical requirements
For the time being, only certain smartphones are compatible with the tap-on-phone features, although many more can use Masterpass.
So, if you want to accept tap-on-phone payments you’ll need to get a phone that has NFC capability. Also, this phone has to run Android version 8.0 or later and must be compatible with Google. Being ‘Google compatible’ means the phone came preloaded from the factory with Google Play and Google Services. This ensures that the device has been validated by Google and meets certain security standards needed for secure payments.
While Apple devices are not compatible with the tap-on-phone functionality at this stage, Masterpass payments can be processed if the device meets certain requirements, for example the latest version of the operating system and Masterpass app.
What it costs
The tap-on-phone service or Masterpass app can be used without a monthly subscription or service fee, although you do pay commission on the value of every transaction – 2.5% (excluding VAT) for a Nedbank account, and 2.75% (excluding VAT) for accounts at other banks.
Apart from this, you only need to cover the cost of your phone and the data you use for your transactions. Unlike the stand-alone PocketPOS device, your phone also doubles up as an essential business tool for calls and online services to run your day-to-day operations.
And because you’re a merchant using the PocketPOS app, you have access to the Nedbank Merchant Helpdesk that’s available from 07:00 to 21:00 every day of the year on 0860 114 966.
Apply today to sign up as a merchant using the PocketPOS tap-on-phone features.