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SPECIFICTION
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Paycycle

paycycle.co.za

From 285 ZAR/mo Free plan Web
Visit paycycle.co.za
Spec score 8.0 #24 of 71 in Payment Processing Software

What it is

Paycycle connects payment workflows around Xero for South African businesses and accounting practices. It brings approved supplier bills from Xero into payment runs and reconciles completed payments back to Xero. For payroll, it imports approved employee pay runs from SimplePay for review, authorisation and payment. Its collections tools handle electronic mandates, recurring collections, failed-payment follow-up and reconciliation. Pay Now can be added to Xero invoices so customers can pay without logging in or setting up a new beneficiary.

Supplier and employee bank accounts are checked through AVS before payment. Payments use a direct route where supported, or a funded pass-through settlement route where required. Listed supplier-payment rails include PayShap, Investec Open Banking, Paycycle Payments and Netcash Payments. Paycycle describes an AI reconciliation engine that reviews bank feeds, resolves exceptions and closes month-end reconciliation in under a minute. Listed controls include encrypted and masked bank details, controlled approvals, tamper-evident records and an audit trail. The web service offers free modules and paid plans; prices range from free to 1,450 ZAR a month.

Spec sheet

Purpose
Paycycle connects payment workflows around Xero for South African businesses and accounting practices.Read 11 Oct 2026 · paycycle.co.za
Intended users
The product is presented for South African Xero businesses and accounting practices, including businesses with recurring customer billing.Read 11 Oct 2026 · paycycle.co.za
Support
Paycycle Complete includes priority email and phone support.Read 11 Oct 2026 · paycycle.co.za
Headquarters
Bryanston, South AfricaRead 28 Sep 2026 · paycycle.co.za
AI reconciliation
Paycycle says its AI reconciliation engine reviews bank feeds, resolves exceptions and closes month-end reconciliation in under a minute.Read 11 Oct 2026 · paycycle.co.za
Bank verification
Supplier and employee bank accounts are verified through AVS before they can be used for payment.Read 11 Oct 2026 · paycycle.co.za
Collections
It manages electronic mandates, recurring collections, failed-payment follow-up and reconciliation to Xero.Read 11 Oct 2026 · paycycle.co.za
Company identity
The website identifies the maker as Paycycle (Pty) Ltd but the opened pages do not state its headquarters or founding year.Read 11 Oct 2026 · paycycle.co.za
Pay Now
Pay Now can be added to Xero invoices so customers can pay without a login or new-beneficiary setup.Read 11 Oct 2026 · paycycle.co.za
Payment rails
The supplier-payments page lists PayShap, Investec Open Banking, Paycycle Payments and Netcash Payments as supported rails.Read 11 Oct 2026 · paycycle.co.za
Payment routes
Payments use a direct route where supported and a funded pass-through settlement route where required.Read 11 Oct 2026 · paycycle.co.za
Payroll
It imports approved employee pay runs from SimplePay for review, authorisation and payment.Read 11 Oct 2026 · paycycle.co.za
Privacy and POPIA
The privacy page says the service uses bank-grade encryption and shares information as needed with Xero, banking and payment partners, and verification providers; that page also labels its content placeholder boilerplate.Read 11 Oct 2026 · paycycle.co.za
Security controls
The site lists encrypted and masked bank details, AVS verification, controlled approvals, tamper-evident records and an audit trail.Read 11 Oct 2026 · paycycle.co.za
Supplier payments
It pulls approved supplier bills from Xero into payment runs and reconciles completed payments back into Xero.Read 11 Oct 2026 · paycycle.co.za

Plans and prices

Pay Now Free No monthly subscription · excl. bank charges Unlimited Pay Now transactions under the current module structure Read 11 Oct 2026 · paycycle.co.za
Supplier & Employee Onboarding Free No monthly subscription; pay only for AVS when a bank account is verified. Secure banking-detail capture · AVS charges apply Read 11 Oct 2026 · paycycle.co.za
Payroll Payments 285 ZAR a month Per month · excl. VAT & bank charges Connected to SimplePay · salary and wage payment runs Read 11 Oct 2026 · paycycle.co.za
Supplier Payments 285 ZAR a month Per month · excl. VAT & bank charges Unlimited supplier payouts under the current module structure Read 11 Oct 2026 · paycycle.co.za
Automated Collections 585 ZAR a month Per month · excl. VAT & bank charges Pricing tiered according to collection volume Read 11 Oct 2026 · paycycle.co.za
Paycycle Complete 1,450 ZAR a month Per month · excl. VAT & bank charges; monthly fee increases according to the collection band Up to 50 collections included · tiered pricing above 50 collections · unlimited supplier payouts and Pay Now transactions Read 11 Oct 2026 · paycycle.co.za

Every Paycycle plan and price →

Strong points and limits

Strong points

  • Reconciles supplier payments back into Xero.
  • Imports approved payroll runs from SimplePay.
  • Supports recurring collections and failed-payment follow-up.
  • Bank accounts receive AVS verification before payment.
  • Free modules are available.

Limits

  • Paid plans exclude VAT and bank charges.
  • Collections pricing varies by volume or band.
  • Payroll payments depend on SimplePay.

Who it suits

Paycycle suits South African businesses and accounting practices using Xero, including businesses managing recurring customer billing. Payroll payment workflows also connect to SimplePay.

Verdict

Paycycle brings supplier payments, payroll payments and collections into workflows around Xero, with AVS checks and listed reconciliation controls. Businesses should compare the module prices and variable collection tiers with their payment needs.

Where Specifiction places it

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