Best Rates in South Africa
iKhokha has a mission to create financial inclusion throughout South Africa, by making card acceptance accessible to everyone by having the most affordable solution for all entrepreneurs. The transaction rate is the small percentage that merchants will have for all transactions done through their card machine. This is a rate that all banks and independent providers have, including iKhokha. iKhokha, however, aims to maintain the lowest possible rate to alleviate the exclusivity and include all business owners, regardless of how big the business is.
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. Request a custom rate today.
1. Rates are excluding VAT
2. All new customers start at 2.75% ex VAT unless agreed upon beforehand
3. To request a custom rate email email@example.com
There is a standard settlement fee for funds to be transferred into a merchant’s account. The fee is a minimal amount of R2.50 per transaction settlement (regardless of the amount being settled). Read more on: settlement fee
Watch video here: