kalahari.com offers credit financing

kalahari.com, South Africa’s leading online retailer, has made it even easier for shoppers to purchase from their site - they've added an instant personal loan facility to their payment options. This new credit facility, called CreditCart, is the first online payment system that offers instant financing for shoppers.

“CreditCart offers shoppers seamless and easy-to-use credit for their online purchases. The payment method is fast, secure and there really is no catch to it,” says John Jacobs, Category Manager at kalahari.com.

CreditCart is user friendly:
·         Shoppers simply fill up their virtual cart with desired goods.
·         Once they are ready to pay, they select the CreditCart payment option.
·         Shoppers need to have their ID number, bank and contact details on hand, and then fill in a short credit application form.

“In fewer than four minutes, the application is processed.  If it is approved, CreditCart instantly pays us for the transactions and we then ship the order to the shopper’s doorstep,” says Jacobs.
 
If you were thinking what I was - that this is an easy way to rack up debt - then kalahari.com has already somewhat soothed my cynicism with its responsible credit measures.

Responsible credit
“While shoppers don’t need to wait for payday for available funds to shop to their hearts’ content, there are safety checks in place on the payment facility for responsible shopping,” says Jacobs.

Only shoppers who are 18 years and older can use CreditCart, shoppers need to earn R3000 or more and they need to meet the CreditCart lending criteria which are in accordance with the National Credit Act. CreditCart finances online orders from R500 to R15 000 per transaction.
 
As CreditCart complies with the National Credit Act, monthly repayments and all interest charges and other expenses including credit life insurance costs are disclosed to the shopper in one easy to understand quotation which the shopper can choose to accept or reject.

“Successful CreditCart applicants pay for their purchases with easy monthly instalments over an agreed period of time,” says Jacobs. Repayments are made by debit order deducted from the shopper’s bank account.
 
Safety first
CreditCart has sophisticated security systems in place ensuring online shoppers can submit their personal information without worrying about their security and privacy.
    •    “CreditCart does not require a bank PIN or password only a bank account number.
    •    If a shopper chooses CreditCart as a payment option on kalahari.com, an OTP (One Time Pin) will be sent to the shopper’s cell phone to authorise each transaction, providing them with the peace of mind of highly developed security measures.

kalahari.com, a trailblazer in online retailing sector in South Africa for over a decade, was first to market with CreditCart as a payment method.

“As an eTailer, we are always looking for ways to make the online shopping experience even more accessible and convenient to South Africans. Our recent inclusion of baby; home ware and travel; amongst other product categories; was another way to widen our accessibility. We have no doubt that the addition of this payment method will attract more people to online shopping convenience and help us grow South Africa’s eCommerce sector,” says Jacobs.

About CreditCart
CreditCart is a division of Direct Axis (SA) (Pty) Ltd whose shareholders include FirstRand Bank Limited and global financial services company Yellowwoods. Direct Axis is an authorised financial services provider.

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