iKhokha currently charges only 2.75% per transaction (exclusive of VAT). The best part is, as your turnover increases, these transaction rates drop. That means the more money you make, the less you pay on card transaction fees. Find a more detailed rate breakdown here.

What percentage does iKhokha take?

iKhokha’s standard transaction rate starts at 2.75% (excluding VAT) per transaction. As a bonus, the more a merchant transacts, the lower the rate.

What does Yoco charge per transaction?

2.6% – 2.95%

How many percent does Yoco take?

Yoco charges us 3.39% incl VAT (2.95% plus 15% VAT) per transaction (from September 2020 that will increase to 3.89%). They charge a smaller fee of 1.7% for transactions of R50 or less.

How long does it take for money to reflect from iKhokha?

Getting settled is as easy as 1, 2, 3…

Getting settled means that after accepting a payment with an iKhokha card machine, the funds will be transferred into the merchant’s chosen bank account within 1–3 working days.

How do I get my money from YOCO?

Yoco currently operates a little like a bank – which means we use 19h00 as the end of the business day. All of your card transactions, processed in the last 24 hours, are added up at this time. At 05h00 the next business day, your payout amount is paid by Yoco. You should receive this amount in 1 – 2 business days.

How can I earn money from iKhokha?

All you have to do to get started is update the iKhokha app then start selling iKhokha Vend.

Increase your product offering and attract more customers to your store by:
Selling airtime and data for major networks.Selling prepaid utilities e.g. electricity, water, gas.Accepting bill payments (e.g. DStv)

How does iKhokha card machine works?

The iKhokha Shaker Solo is a nifty card machine that doesn’t need to be connected to your phone to accept card payments. It’s a standalone card machine with a 4G connection and a built-in printer so you can now accept debit and credit cards on-the-go.

Is YOCO safe?

Yes. Yoco’s card machines and online payment portals are 100% safe – for both customers and merchants. All transactions are securely encrypted, and no card or personal details are stored.

Does Yoco have monthly fees?

Yoco has a pay-per-use transaction pricing model with no fixed monthly rental fees. Fees are however paid on each transaction made and decrease as the volume of transaction increases, therefore the more you sell, the less you pay. Card machine fees are from between 2.6% – 2.95% (ex. VAT).

What is Yoco capital?

Yoco Capital is a fast, flexible cash advance for small businesses using Yoco. See if you qualify. Available to eligible Yoco merchants only.

How does Yoco online payments work?

Create a payment link in the ‘Send’ section of the Yoco App. Send the link to your customer in a chat, email or on social media. Your customer clicks the link and enters their card details to pay you.

Who invented Yoco?

Yoco was founded in 2014 by four friends — Katlego Maphai, Carl Wazen, Bradley Wattrus, and Lungisa Matshoba. The company offers payment tools to small businesses and micro-merchants in South Africa. Its portfolio includes card machines, online payments, and business tools like the Yoco app.

Can I sell my Yoco machine?

Hi there, we have a buyback option for your Yoco. If you would not like to make use of the buyback option, we will require you to perform a transfer of ownership. Please email us at and we will assist with either the buyback or the transfer of ownership.

What does SnapScan cost?

There are no recurring or expensive hardware costs to using SnapScan for your business – we only charge a once-off R250 call out fee for the site visit (if required), and a 3 percent transaction fee.

Can I sell my iKhokha machine?

Merchants simply log into the iKhokha app, select Vend, follow the quick tutorial, select the prepaid service they want to vend, and then accept the customer’s payment via their iKhokha card machine. For the merchant, there are no costs and for each iKhokha Vend sale, the business owner receives a sales commission.

How long does iKhokha take to deliver?

Low transaction rates starting at 2.75% (excl. VAT) All your funds settled into the bank account of your choice within 1 – 3 business days. Free countrywide delivery within 3 – 4 working days.

How can I sell my iKhokha airtime?

Here’s how it works:
Open the iKhokha App.Tap Vend and select Airtime & Data.Select the Service Provider.Select the Prepaid Type (Airtime, Data or SMS)