Yoco Transaction Fees, Prices & Online Discount

yoco transaction fees

Yoco card machines are very popular amongst most South African business owners these days.

This is because Yoco offers low-cost, portable credit card machines with some of the lowest transaction fees.

In this article, I explain the associated Yoco transaction fees or any Yoco fees/ Yoco rates. I also provide you latest Yoco pricing and a way you can order a Yoco card machine at a discount today.

Latest Yoco Card Machines Discount - February 2024
Yoco Neo Touch
Standalone Card Machine, Touchscreen Operated, Ultra Fast 4G SIM card with Free Unlimited data. Integrates with Yoco POS.
Approx. Price:
Avail. Discount:
Yoco Go
Best for Small & Medium sized Businesses. Pair with your phone/tablet via Bluetooth & Free Yoco App.
Approx. Price:
Avail. Discount:
Yoco Khumo
Standalone, Full HD touchscreen, Dual 4G SIM cards, Free Unlimited data. Connects to any WiFi.
Approx. Price:
Avail. Discount:
Khumo Print
Standalone, Full HD touchscreen, Dual 4G SIM cards, R49/mo Unlimited Data. Connects to any WiFi. Built-in Printer.
Approx. Price:
Avail. Discount:
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Table of Contents

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
Table of Yoco transaction fees retained vs transacted amounts.

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
Table of Yoco transaction fees percentage per gross income | Source: Yoco.com

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.

mashjoy.com
mashjoy.com
We are a team of freelance writers and editors, working together to provide content on business tools and ideas for online success. Together we offer the skills and research expertise needed by business owners who are looking to start and grow their businesses and get results.

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