Kulula has introduced a new online payment mechanism called Secure Instant Deposit (SID) that will help speed up and simplify Internet transfers.
 
The new system is an assisted electronic funds transfer that allows clients to safely transfer cash directly to kulula using their existing Internet banking facility instead of using a credit card.
 
“SID is a simple and safe mechanism to use when purchasing products online. If you have not used it before expect to be prompted to run an application. You will then be directed to your personal bank site where you can login to make payment. Kulula’s banking details will be pre-populated on the payments page. Once you have completed the payment, it is instantly debited from your account and kulula is notified of your payment,” says Susan Liebenberg, kulula ecommerce manager.
 
SID is mutually beneficial to both consumers and the merchant. Real-time assurance of a purchasing receipt gives peace of mind to both parties that the transaction was completed successfully. Additionally, consumers can shop without exposing their financial information and pay directly from an online bank account. No credit card is required now to book online with kulula. You can, however, use SID to pay from your credit card account if this is set up on your Internet banking.