An eDeposit is an electronic funds transfer initiated by the buyer using their Internet banking to MonsterPay's bank account. Some may refer to this as a direct deposit. Any one with a bank account can now make payment online and no credit card is required.

• When you send money with an eDeposit from a South African bank account, the transaction is held as pending for 7 days, until the electronic funds transfer is received by MonsterPay. If funds are not received within 7 days the transaction is canceled.

Currently only available in South Africa

Over time more bank accounts will be available for users in North America, Europe and Asia Pacific to make eDeposit payments in their local currency.