Contact Us - Terms - Help

Home >> Help >> Built-in-Bank

OnSaleToday's Built-in-Bank
OnSaleToday's electronic bank is a secure method of instant transactions and enables a buyer to pay via EFT but without the inconvenience of a 24 hour waiting period or faxing proof of payment.

Contents

• Benefits of OnSaleToday Banking
• Getting Started
• Great Seller Advantages
• Fee Structure
• Inter-Transfer
  
  FAQ
  
  
• How do I receive payments?
• How do I make payments?
• How do I recharge My OnSaleToday bank account?
• I've recieved a payment, how do I draw cash?
• Is there a minimum amount that I should add to My OnSaleToday Bank Account?
• Can I withdraw funds from My OnSaleToday account without purchasing anything?
• How do I pay for auctions?
• What are the fees on me as Buyer when I pay online?
• What are the advantages of OnSaleToday's built-in-bank?
• I would like to do an inter-transfer to my friend as a gift, can I do this?

OnSaleToday's built-in-bank is a convenient, easy-to-use, instant, secure payment service for individuals and businesses to send and receive money for goods that are traded on OnSaleToday.co.za. Read on to learn how "My OnSaleToday Bank" works and get the most out of OnSaleToday. Benefits of OnSaleToday's Built-in-Bank It's fast: Payments are made immediately, quicker than sending checks, money orders, conventionally or bank deposits and having to wait 48 hours to clear. It's private: Does not reveal your financial information to sellers. It's easy: Send money in just a few clicks. It's trusted: Industry-leading fraud prevention keeps you safe and secure. It's cost-effective: Minimal transaction fees; it's affordable for businesses of all sizes. In short, OnSaleToday's built-in-banking system is an online seller's & shopper's dream come true Getting Started Step 1: Adding funds to "My OnSaleToday Bank Account" In order to get started, you will need to recharge your OnSaleToday Bank Account. To recharge your OnSaleToday account, simply transfer the desired amount into our OnSaleToday ABSA account - you could either do this electronically (via internet banking) or make a direct deposit at your nearest bank, using your account number as the reference. Step 2: Submit Recharge Form Once you have made a deposit, Login goto My Desk >> My OnSaleToday Bank >> Recharge Account >> Submit Recharge form Non-ABSA account holders should email proof of deposit to: bank@onsaletoday.co.za An email confirmation will be sent to after transfer has been enacted. Step 3: Start Purchasing You may start purchasing immediately, from as many sellers as you please. Become a Seller To become a seller on OnSaleToday is absolutely free, and listings don't cost a thing either! Why? OnSaleToday is here for YOU! Sellers Advantages | Earn, Save and Shop Be wise - Earn money online OnSaleToday, Save on banking fees at the same time and Do your shopping online OnSaleToday to save even more! Fee Structure Both the seller and buyer will pay the following fees when a transaction takes place, the fee is automatically deducted from the transaction. OnSaleToday is here to make it better, easier and more cost-effective for YOU! Goodluck! For Transaction Amount OnSaleToday Fee will be: R1 to R100 R0.04 per Rand R101 to R200 R0.03 per Rand R201 to R300 R0.02 per Rand R301 to R400 R0.015 per Rand R401 to R500 R0.012 per Rand R501 to R1000 R0.009 per Rand R1001 to R5000 Only R15 once-off! R5001 to R10 000 Only R28 once-off! Above R10 000 Only R35 once-off! Inter-Transfer This menu is used to transfer credit into any OnSaleToday member’s account. For example, let us transfer R400 to Bob Cole (member account number: 50011bobbie): If Bobbie should log in, he will find that his account has been credited with R400 minus the transaction fee FAQ How do I receive payments? Once you have registered with us, you will automatically obtain your unique OnSaleToday account number. You can now start receiving payments immediately. Buyer's will pay directly into your OnSaleToday account, and payment will reflect immediately. Simple! How do I make payments? In order to purchase other items listed on OnSaleToday: 1. You need to be a registered member on OnSaleToday, membership is free, all you need to do is register and verify your email. 2. Your OnSaleToday account needs to be recharged (see below). How do I recharge My OnSaleToday bank account? Funds can now be added to your OnSaleToday bank account through any of the following methods: 1. Bank Transfer 2. Direct Internet Transfer 3. If necessary, in person at the OnSaleToday office To recharge your OnSaleToday account, all you need to do is to transfer the desired amount into our OnSaleToday ABSA account using your account number as the reference. An email confirmation will be sent to after transfer has been enacted - No minimum depost required! - Start purchasing immediately! I've recieved a payment, how do I draw cash? All you need to do is send a Cash Request email to OnSaleToday and your funds will be transferred into your bank account instantly. Is there a minimum amount that I should add to My OnSaleToday Bank Account? No! There is no minimum amount, you may add any amount you wish or even earn it by selling items online OnSaleToday! Can I withdraw funds from My OnSaleToday account without purchasing anything? Yes! Funds can be withdrawn from your OnSaleToday account anytime. Simply Submit a Payment Request from your "My Desk" >> My OnSaleToday Bank, a Payment Request means that the money will be deposited into your Bank Account within 24 hours. How do I pay for auctions? Once you have added funds to your OnSaleToday Account successfully, you can pay the value of purchased items directly into the Seller’s OnSaleToday account. Simply goto your "My Desk" and click on "My Purchases" to complete your payments. What are the fees on me as Buyer when I pay online? Both the buyer and seller will only pay the transaction fee which is at most about 4c per Rand. Buyers will save greatly on banking fees when shopping online OnSaleToday! What are the advantages of OnSaleToday's built-in-bank? - No monthly service bills - No interest - 100% Secure - Minimal transaction fees I would like to do an inter-transfer to my friend as a gift, can I do this? Absolutely yes! All you will need is your friend's OnSaleToday account number and you can do the inter-transfer from "My OnSaleToday Bank"