iKhokha Transaction Rates

Start making business easier with iKhokha's low transaction rates!


The transaction rate is the small percentage charged for all transactions done through a merchant’s card machine. This is standard practice for all banks and independent financial service providers. 

However, to maintain the lowest possible transaction rate in the market, we’ll often match or beat the rate offered by our competitors. It’s our way of making digital payment solutions available to all business owners, regardless of the size of their business.  

iKhokha's standard transaction rate starts at 2.75% (excl. VAT) per transaction for in-person payments. This transaction rate applies to all transactions, no matter how big or small.  Each merchant has the opportunity to lower this transaction rate by increasing their monthly trading volume. The more you trade, the lower your rate.  

Affordable Transaction Rates in Mzansi

When you reach any of the transaction volumes (the amount of money that’s come into your business through your card machine sales) in the table below, we will automatically lower your transaction rate. You will hear from us on the 10th of the month if your rate has been dropped, and it will be effective from the 10th of the following month.  

Go ahead and use our Fees Calculator to see how the more you sell, the less you pay. 

Your rate will never go back up if your settled transaction volume drops. Your rate will stay low until you’ve traded enough to go lower. 


To secure a custom rate tailored to your business, please email customrates@ikhokha.com.


Monthly Card Volume

Transaction Rate

R0 – R40, 000 2.75%
R40,000 – R60, 000 2.65%
R60,000 – R80, 000 2.55%
R80, 000 – R100, 000 2.50%
R100, 000+ Get a custom low rate

QUICK NOTE: iKhokha transaction rates exclude VAT as per the industry standard. All new customers start at 2.75% excl. VAT unless agreed upon beforehand.


Zero Monthly Fees

ln addition to lower transaction rates, iKhokha card machines can be purchased once-off or on a weekly payment plan over 16 weeks. This means you own your card machine and don’t pay any monthly rental fees.

Settlement Fees

There is a standard settlement fee for funds to be transferred daily into a merchant’s account. It's a nominal amount of R2.50 per transaction settlement (regardless of the amount settled).


Need any advice on transactions and settlement fees? Call our Support Team on:

087 222 7000 or



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