Payment & Transfer: How We Secure Your Cash

The Payment Guarantee: Cash First, Transfer After

Here's our non-negotiable principle: You receive your cash before we file anything with CIPC or SARS. This protects you completely. You're never at risk of signing documents and never receiving money.

The Exact Payment Sequence

Step 1: Documents Signed

You review and digitally sign all transfer documents. We counter-sign simultaneously. All documents are verified for authenticity and completeness.

Step 2: EFT Payment Prepared

We prepare an EFT payment to your nominated South African bank account. The amount is exactly as quoted in your valuation offer—no hidden deductions.

Step 3: Payment Executes

The EFT payment is processed through the South African banking system. Payment typically clears within 2–4 hours for same-bank transfers, or up to 24 hours for inter-bank transfers.

Step 4: You Confirm Receipt

Once you confirm the money is in your account, we proceed with CIPC and SARS filings. Not before.

Why This Order Matters

Traditional brokers: Sign documents → Broker finds buyer → Buyer pays → You get money (could take months).

WeBuyVat: Sign documents → We pay immediately → We file transfers. You're paid before anything official changes.

This eliminates your risk entirely. You're not waiting for a buyer. You're not dependent on anyone's financing approval. You get cash on a fixed date.

EFT Payment Details

What You Need to Provide

• Bank name (e.g., First National Bank, Standard Bank)
• Account holder name (must match ID)
• Account number
• Branch code (or account reference for online banks)

Payment Verification

When you receive the EFT, look for:

• Reference: "WeBuyVat - Sale - [Company Name]"
• Amount: Exactly as quoted
• Sender: WeBuyVatCompanies (Pty) Ltd

What Happens After Payment Clears

Once you confirm receipt:

• We file CoR39 directorship change forms with CIPC
• We notify SARS of the ownership transfer
• We update the registered office address
• We manage all government correspondence

The company is now officially ours. You have no further liability.

Zero Deductions, Zero Hidden Costs

The amount you receive is what we quoted. We don't deduct:

• ✗ Legal fees (we cover these)
• ✗ CIPC filing fees (we cover these)
• ✗ Compliance costs (we cover these)
• ✗ SARS notification fees (we cover these)
• ✗ Banking fees (we cover these)

What you get is what we promised. Full stop.

What If Payment Fails?

Rare, but here's what happens:

• Bank details incorrect: EFT bounces. We'll contact you immediately to correct them and resend.
• Account closed: We'll use alternate account details you provide.
• Unusual delay: We'll investigate with your bank. Most inter-bank delays resolve within 24 hours.

We don't file CIPC or SARS documents until payment successfully clears to your confirmed account. You're protected.

The Bottom Line

Payment is simple, fast, and guaranteed. You get your cash before we get the company. This is what separates us from traditional brokers—we're the buyer, so we can guarantee immediate payment.