What are the fees?
We launched online card payments at a promotional rate until 1 October 2020. We did this to help our customers through the first few months of the COVID-19 lockdown. However, online payments cost on average 0.5% more than card machine payments, so we could not keep this promotional price forever.
All Yoco customers that already use online payments (ie those who have already completed an approved online transaction of R500 and above) will remain on the 2.95% discount until 1 February 2021. For new customers, online payment pricing will start at 3.40% (ex. VAT) from 1 October 2020 and will tier down in the same way that rates for in-person card payments do.
How do I get paid?
All payments are linked to your existing Yoco Account and money will be paid out within 48 hours as part of your usual payouts.
What cards are accepted?