How To Reverse A Payment On Capitec App?

Capitech is a digital retailer bank in South Africa. Who has more than 18 million customers who enjoy their personalized and affordable services? Capitec facilitates their user with the Capitec App which has everything in place. One of its benefits is transaction reversible. But How to Reverse Money on Capitec App. It’s simple and easy, you can also do it just by remembering a few steps.

How to Reverse Money on the Capitec App?

You can reverse the Transion within the time frame through the Capitec App. Follow these steps;

  1. Open the Capitec App – If you have the Ave Capitec App on your mobile phone then open and sign in according to your account credentials. Other down the Capitec App from your Google Play Store or Apple Store. Then sign up and sign in according to the credentials.
  2. Find the “Transact” menu – Once you login then find the Transact menu that is present at the bottom on the mobile screen. Tap it to open the Transact Menu. This section holds all the transaction details including the payment Transaction History.
  3. Navigate to Transaction History – in the transaction section you have to find and click Transaction History” or “Payment History”. By clicking it you find all the details of your transaction.
  4. Locate the Reversible Transaction – From the list of Transactions you have to find the specific transaction that you want to reverse. Click it to get the transaction details.
  5. Ensure the Reversible Eligibility – All the transactions are not reversible. Only the capitec and EFT (Electronic Fund Transfer) transactions are reversible within a time frame. Check whether the Transaction Reversal is available or not.
  6. Navigate to Reverse Transaction – If your selected transaction is reversible then locate the “ Reverse” button and tap it. You may be asked for confirmation.
  7. Confirm Reverse – After your confirmation, the Reverse Process starts and you may be asked for additional information like PIN, Password or other User Authentications.
  8. Wait for Reversal Conformation – Once the Reversal process starts it takes time to reverse the Transaction into your account. So wait for it. When the transaction is reversed you get a confirmation notification on your Capitec App.
  9. Contact Customer Support (if needed) – If you are not able to reverse your transaction due to some issue. If the reverse option is not available or some other issue is encountered during reversion then contact Customer Support for assistance. They further guide you manually or by the process that is required.

Before requesting a payment reversal, ensure the transaction is eligible, much like when you Find TymeBank codes to complete specific banking tasks.

Why would you need to Reverse Capitec Payment?

You may need to reverse Capitec Payment due to various reasons. Some of them are the following;

  1. Over Payment – Mistakenly we type the extra amount then the required money and that amount needs to be reversed.
  2. Incorrect Recipient – Sometimes we type the wrong digit or contact and Payment is sent to an incorrect person. So you can reserve it.
  3. Duplicate Payment – Mistakenly you send the money to the same receipt twice.
  4. Unintended Payment – You want to reverse money due to your mind change or some other reasons. You can do it.
  5. Fraudulently Attempt – If you find any Payment fraud then you can reverse it immediately to save yourself from further loss.

Things to Remember

Before any transactions Reversal keep this thing in your mind;

  • Reversal Time Frame – Amount is reversible in some time frame. So if you want any amount Reversal then try to reserve it as soon as possible after making a transaction.
  • Reversal Limit – Amount Reversal is possible if the recipient doesn’t use or withdraw your amount from the account. If this issue occurs then you need to contact the Capitec Bank to involve the recipient bank.
  • Reversal Fees – Some reversible transactions require transaction fees so confirm them before proceeding with the Reversal Process.

Frequently Asked Questions (FAQs)

Q: Is there a way to reverse Capitec Payment?

A: Yes you can reverse your payment as soon as you realize. You can easily reverse your payment through the capitec App.

Q: Can I reverse the money I sent to someone?

A: Yes it is possible. You can reverse the transaction that you accidentally send to someone within a time frame. Try for a reversal soon so that the recipient doesn’t use it.

Q: How long can a transaction be reversed?

A: A Capitec debit amount is reversible within 40 days if you immediately dispute it.

Capitec is a Digit bank that facilitates its retailers. Capitec Bank provides all the services to its user at a place on their Capitec App. Even capital clients can reverse their incorrect, fraudulent, duplicate or overpayment transactions. The Reversible process is described in detail follow it and get your payment back. If you face any issue then contact the Capitec Customer Support Services.

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