Yoco Vs iKhokha Fees Compared | Everything to Know

yoco vs ikhokha fees

Today, we delve into the ultimate battle of fees: Yoco vs iKhokha fees.

Brace yourself as we unveil the truth behind these payment giants and reveal which one offers the cheapest solution for your business.

Get ready for a fee showdown like no other!

Show iKhokha Card Machines
3 Best iKhokha Card Machines for Business - February 2024
iKhokha Flyer
Standalone, Full HD Touchscreen, Dual 4G SIM cards with Unlimited data at R49/month. Connects to any WiFi. Built-in Printer.
Approx. Price:
Avail. Discount:
iKhokha Mover
Best for Small & Medium sized Businesses. Pair with your phone/tablet via Bluetooth & Free iKhokha App.
Approx. Price:
Avail. Discount:
iKhokha Shaker Solo
Standalone, One 4G SIM card with Unlimited data at R49/month. Connects to any WiFi. Built-in Printer.
Approx. Price:
Avail. Discount:
Show Yoco Card Machines
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:
This website earns income through affiliate commissions, sponsorships, product sales, and Ads. However, Our opinions and evaluations about the products we write about are NOT influenced by our earnings. All product recommendations are our honest opinions, based on firsthand experience and extensive research. Read Our Full Affiliate Disclosure Here.
Table of Contents

Here's How Yoco and iKhokha Fees Compare

Yoco charges transactional fees of 2.95% – 2.60% Ex VAT and,

iKhokha charges transaction fees of R2.75% – 2.5% Ex VAT plus a nominal daily settlement fee of R2.50.

Both companies offer a nominal percentage discount on fees when your gross monthly transaction turnover reaches certain targets.

The discounts based on monthly turnover is what eventually make both these companies’ fee structures more or less the same at the end of the day.

Also, both companies allow you to negotiate a custom discount in fees if your business transacts over R100 000 per month. See summary tables below:

yoco logo
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
iKhokha Logo
Income iKhokha fees % (Ex. VAT)
and Ex. Daily Settlement Fees
iKhokha fees % (Incl. VAT)
and Ex. Daily Settlement Fees
R0 – R40k
2.75%
3.16%%
R40 – R60k
2.65%
3.05%
R60 - R80k
2.55%
2.93%
R80 - R100k
2.5%
2.88%
Over R100k
Custom Discount
Custom Discount
Table of iKhokha transaction fees percentage per gross income | Source: https://help.ikhokha.com/ikhokha-transaction-rates

Here's How Yoco and iKhokha Fees Compare

If you need to see how Yoco vs iKhokha fees play out in real life, here’s a quick summary table comparing Yoco vs iKhokha fees for a business that transacts up to R20 000 in a week in a hypothetical scenario:

yoco vs ikhokha fees
Hypothetical example of Yoco vs iKhokha fees summary of two identical shops
Takeaways from Yoco vs iKhokha fees table

As you can see from the hypothetical card transaction history above:

  • The daily settlement fee of R2.50 charged by iKhokha doesn’t really affect you much in a span of a full month.
  • Ikhokha’s fee structure tends to work against you if you transact very less amounts per day. For example, if you only sold R100 worth of goods. You get charged up to R2.27 extra compared to a Yoco user on that day. But again, the amounts saved are not really that much.
  • Both Yoco and iKhokha users pay almost an equal amount in fees charged if the gross amount transacted per day is R1000 (20 cents difference)
  • iKhokha becomes cheaper in fees if the gross amount per day is more than R1000. However, these fees will balance out again when a Yoco user reaches a nominal % discount at R20 000 breakpoint.
  • As the gross transacted amounts go even higher, custom fee discounts begin to come in.
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.

Related Articles

🛍️ Don't Miss Today's Special Offer From Yoco!!🎉

R100 Discount
on any Yoco Machine

Get R100 Discount When You Sign-Up and Buy Any New Yoco Machine of Choice, Offer Includes Free Delivery and Free Card Machine Setup Assistance From Yoco. Card Machine Comes Activated Upon Delivery. ✅

Valid Until 11:59 PM Sunday February 25, 2024!