All Things Vendor - Kazang Banking Details (South Africa)

Overview

Once a new vendor has successfully been onboarded and vetted, their next step will be to setup their Kazang Wallet so that they can begin trading. Setting up their Kazang Wallet can be in 4 easy steps:

It is important to remember that one of our payment system partners (PayCorp Group) has broken away from Kazang and amended their entity details to Main Street 1723. The beneficiary name when depositing anywhere that requires you to select the beneficiary, could either be “Kazang”, “Paycorp” or “Main Street 1723”. Please do not hesitate to choose whichever one of these appear on the list.

 Funding Your Wallet

Deposit Type	Summary	Additional Information	Image
Bank Deposit	A vendor can complete a bank deposit either via an ATM or at the bank office via a bank teller	Depending on the bank of choice of the vendor, they will be required to use the banking details provided to complete the deposit. Please note all deposits less than R1000 will be charged R15 Incl. VAT and all deposits greater than R1000 will be charged 1.5% Incl. VAT. Deposits made via ATM of all major banks are free of charge for amounts above R2000 and deposits under R2000 will be charged R17 per individual deposit. When depositing into Kazang’s Account, the vendor MUST USE their 10 digit account number as the Payment Reference
Electronic Funds Transfer (EFT)	Vendors can top up their wallets via an Electronic Funds Transfer directly from their banking mobile app	The vendor can use the same banking details as highlighted in the image column.
Vendor Cash Deposit (VCD)	This is vendors that have smaller businesses deposit through other registered vendors that have large cash and carry businesses through their respective SuperWallets.	SuperWallet transfers from a vending wallet will be charged at a fee of 0.3% The vendor is required to reach out to their respective Rep/Agent to identify where their nearest VCD is located in their area.
Kazang Top-Up Voucher	This is when a vendor can recieve a top-up voucher from another vendor to top-up their wallet.	The vendor will receive the amount and cash to vend a Kazang Top-Up voucher from their device to hand to the vendor that wishes to top-up their wallet

For any queries, please contact our Contact Centre on 0875502955, WhatsApp 0718712173 or help@kazang.com

*Have we missed anything in this article? 

Email learninganddevelopment@kazang.com or operationssupport@kazang.com should you need any more information to be added onto this article.