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.
To top the lowest rates in South Africa, iKhokha allows merchants to purchase their card machine once-off or on a weekly payment plan over 16 weeks, with no monthly service fees.
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.
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
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