Yoco Transaction Fees
Yoco charges a per-transaction fee of 2.6 – 2.95% (Excluding VAT) or 2.99 – 3.39% (including VAT).
These retainer fees are automatically deducted whenever you transact with a card machine or use any of their online POS facilities to accept a payment.
There are no other types of fees you end up paying to Yoco if you don’t use your card machine or accept payments through Yoco’s POS tools.
Yoco Fees - Small Businesses
For starters, Yoco charges a flat rate of 2.95% (Excluding VAT) or 3.39% (Including VAT) of the amount transacted if your gross monthly transaction volume is less than R20 000.
So, for every R100 you transact, you’ll be looking at around R3.39 in fees.
Here’s a quick table showing how Yoco fees (or Yoco rates) will apply to a small business that transacts about R1660 in total.
| Transacted Amount | Yoco Fee Amount (Incl. VAT) | Paid to You (Incl. VAT) |
|---|---|---|
|
R10 |
34c |
R9.66 |
|
R50 |
R1.70 |
R48.30 |
|
R100 |
R3.39 |
R96.61 |
|
R500 |
R16.96 |
R483.04 |
|
R1000 |
R33.93 |
R966.08 |
|
TOTAL: R1660 |
R56.32 |
R1603.68 |
Yoco Fees - Medium to Larger Businesses
As your business turnover grows, so does your fee percentage discount.
As you can see in the table below, the most discount you can get in transaction fees is 2.6% Ex. VAT. When your business turnover is equal to or over R80 000.
Yoco also allows you to negotiate your discount even further when your business exceeds R100 000.
| Income | Yoco fees % (Ex. VAT) | Yoco fees % (Incl. VAT) |
|---|---|---|
|
Up to R20 000 |
2.95% |
3.39% |
|
R20 000 - R40 000 |
2.85% |
3.28% |
|
R40 000 - R60 000 |
2.75% |
3.16% |
|
R60 000 - R80 000 |
2.65% |
3.05% |
|
R80 000 - R100 000 |
2.6% |
2.99% |
|
Over R100 000 |
Custom Discount |
Custom Discount |
Yoco Card Machine Fees - Conclusion
Yoco’s fee structure is quite reasonable. It is arguably one of the cheapest and doesn’t differ that much from its competitors.
Plus you get discounts as you grow. Making things easier in the long run.
And that’s it about Yoco fees and rates. If you are considering a Yoco machine. Click the banner below for an exclusive referral discount from us.
