- Card Machines
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Enjoy transaction rates that get even lower the more you sell, starting at just 2.1%.
Enjoy low transaction rates that get even lower the more you sell, starting at 2.10% (excl. VAT). Plus, when you bank with Nedbank, you’ll get paid out on the same day that you trade, twice a day. With other banks you get paid out in 1-3 business days.
The transaction rate we charge for South African cards on iKhokha card machines depends on who your business banks with and how much you trade with us. The more you trade, the lower your fees!
Businesses who bank with Nedbank
| Monthly transaction tier | Debit Card | Credit Card | International | Amex |
|---|---|---|---|---|
| R0 - R50k | 1.85% | 1.85% | 2.50% | 2.50% |
| R50 - R500k | 0.85% | 1.85% | 2.50% | 2.50% |
| R500 - R1m | 0.70% | 1.70% | 2.50% | 2.50% |
| R1m+ | 0.60% | 1.60% | 2.50% | 2.50% |
Businesses who bank with other banks
| Monthly transaction tier | Debit Card | Credit Card | International | Amex |
|---|---|---|---|---|
| R0 - R50k | 2.10% | 2.10% | 3.00% | 3.00% |
| R50 - R500k | 1.15% | 2.10% | 2.60% | 2.90% |
| R500 - R1m | 1.00% | 2.00% | 2.50% | 2.80% |
| R1m+ | 0.90% | 1.80% | 2.50% | 2.80% |
When you compare payment providers, the transaction rate is only one part of the cost. Device pricing, monthly rentals, payout fees, SIM or connectivity costs, support and business tools can all affect what you actually pay to accept payments. Here’s how iKhokha compares with other providers and traditional banks.
| Value | iKhokha | Other payment providers | Traditional banks |
|---|---|---|---|
| Free delivery | Included | Included | Included |
| iK Cash Advance | Included | Included | Included |
| Digital receipts | Included | Included | Included |
| Free digital invoices | Included | Included | Included |
| Payment links | Included | Included | Included |
| Unlimited 4G data | Included | Included | Included |
| Accepts all major payment methods | Included | Included | Included |
| WhatsApp Support | Included | Included | Included |
| Zero rental fees | Included | Included | Not included |
| 24/7 support | Included | Included | Not included |
| Own your card machine | Included | Included | Not included |
| No lock-in contracts | Included | Included | Not included |
| iK Dashboard | Included | Included | Not included |
| No trade, no pay | Included | Included | Not included |
| Custom rates | Included | Included | Not included |
| Free business education | Included | Included | Not included |
| Events & webinars | Included | Included | Not included |
| iK Tap on Phone | Included | Not included | Included |
| Sell prepaid vouchers | Included | Not included | Not included |
Track your sales, stock, and invoicing in real-time with insights and analytics to manage and grow your business with iK Dashboard.
Get up to R1 million in funding to help you take your business to the next level with iK Cash Advance.
Attract more customers by selling airtime, data, electricity & gaming vouchers with iK Prepaid.
The fees you'll need to pay depends on a number of factors, such as which iKhokha payment solution you're using, who your business banks with and how much you transact per month. Check out our fees calculator to get an idea of how much you could be paying
Our card machine rates start from as little as 0.6% if your business banks with Nedbank or as low as 0.9% for other major banks. And online rates of 2.85%.
You can buy an iKhokha card machine in-store or online. If you prefer to shop in-person, visit one of our iKhokha stores or our retail partners. You can also order a card machine online straight from our website.
No, you won't pay any monthly fees because you'll own your card machine, not rent it. That means no hidden fees or monthly charges when using your machine.
Get help instantly on WhatsApp, our chatbot Kelly, or by requesting a callback.
You can also call 087 222 7000 or email support@ikhokha.com
