If you\u2019re looking for a payment solution that helps you save money on transaction rates, you may want to consider Durban-born fintech company, iKhokha.<\/p>\n
As the price of everything seems to be going up, it\u2019s a relief to hear when one of your business costs is going down.<\/p>\n
From the beginning, the iKhokha<\/a><\/strong> team have aimed to offer their merchants the lowest rates in South Africa.<\/p>\n Fast forward to today and they\u2019re introducing a way for business owners to lower their transaction rates on their own terms.<\/p>\n It isn\u2019t breaking news that small South African businesses face an enormous amount of financial pressure.<\/p>\n An accumulation of rent, supplier costs and production loss due to loadshedding means that every cent matters. iKhokha knows this, and they have a plan.<\/p>\n Their new dynamic tariffing fee structure puts the power in the hands of the merchant.<\/p>\n It\u2019s simple, yet effective: the more you sell using your iKhokha card machine<\/a><\/strong> (or even using their new online payment gateway<\/a><\/strong>) the less you pay in transaction fees.<\/p>\n The standard low transaction rate at iKhokha is 2.75% (Ex. VAT), which is already one of the lowest transaction rates compared to other card machine providers and financial institutions.<\/p>\n However, as your business gains more traction, you\u2019ll drop into a lower transaction rate bracket.<\/p>\n But what happens if you trade well one month, and not so well the next? Nothing.<\/p>\n Once your rates have been lowered, that\u2019s the way they stay until it\u2019s time for them to be lowered again.<\/p>\n For example, if you\u2019re trading R40,000 per month, your transaction rate will automatically drop to 2,65%.<\/p>\n It\u2019s possible to go as low as 2,50% before you enter into custom rate territory.<\/p>\n Custom rates are reserved for merchants who trade R100,000 or more in a single month.<\/p>\n This is the only time you\u2019ll need to call in and negotiate a rate suited to your business.<\/a><\/strong><\/p>\n Find out exactly how you pay less for selling more by using the iKhokha Fees Calculator.<\/a><\/strong><\/p>\nSupporting SMEs in South Africa<\/h3>\n
Keeping Low Rates Even Lower<\/h3>\n
Pay Less with iKhokha<\/h3>\n