iKhokha Transaction Rates

iKhokha is on a mission to create financial inclusion throughout South Africa. Here is a handy breakdown of our transaction rates.

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.

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.

Please Note:
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 customrates@ikhokha.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

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Samantha Gounden

Hey, I’m Samwise. The Storyteller and friendly face behind the words, here at iKhokha. When I'm not dotting my i's and crossing my t's, I set out to conquer the universe in other ways…behind a camera lens, on radio or being a Podcast Princess. A perfect day? Curling up with a great book in one hand and coffee in the other. A perfect life? Smiles, giggles and the company of my devilishly gorgeous labs.

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