iK Vend allows you to sell prepaid products (airtime, data and SMS bundles), prepaid utilities (electricity, water and gas) and settle bills directly from the iKhokha App!
How to make more money with iK Vend
What is iK Vend?
iK Vend is a feature on the iKhokha app which is available to all iKhokha merchants.
This feature enables you to sell prepaid services to your customers and earn commission on certain sales.
Did you know: 35% is the increase in turnover some iKhokha merchants have experienced by using iK Vend
Why Use iK Vend?
1. Earn iKash (on qualifying products)
2. Attract more customers (by offering new products)
3. Add a new revenue stream to your business
What is iKash?
iKash is iKhokha's digital currency which you can use to purchase prepaid services in exchange for cash.
What is the value of iKash?
iK1 = R1. All iKash is stored in your iK Wallet on the iKhokha App.
What can you sell with iK Vend?
- Data
- Airtime
- Electricity
- Water
- Gas
You can also settle certain EasyPay or Pay@ bills like:
- DStv Bills
- Telkom Bills
- Traffic Fines
How Does iK Vend Work?
There are two ways to transact with iK Vend:
Card:
To complete your transaction, select "Charge" and choose "Pay with card". Then use your iKhokha card machine to complete the transaction. Plus, you can earn iKash on every swipe!
iK Wallet (iKash):
With cash transactions, you'll need to use iKash every time you want to purchase a Vend product. After you've selected "Charge" choose "Pay with iK Wallet". You can then use your iKash to complete the transaction and keep the cash.
Commission Rates:
| Prepaid Type | iKash Sale | Card Sale |
|
Airtime & Data |
3% |
2% |
|
Prepaid Utilities (Electricity, Gas, Water) |
1% |
1% |
|
Bill Payments (DStv only) |
R2.00 |
R1.50 |
|
Bill Payments (EasyPay, Pay@ etc.) |
R1.50 |
R1.50 |
|
Box Office |
1% |
1% |
How to Build Your iK Wallet Balance
Businesses That Can Use iK Vend
- Spaza Shops
- Bakeries
- Beauty Salons
- Hairdressers
- Taverns and Bars
- Clothing Stores
- Retail Stores
- Delivery Services
- Internet Cafes
- Restaurants
- Takeaways
- Workshops
The great thing about iK Vend is that it's super easy to use and it can bump up your monthly turnover with minimal effort!
For more on iK Vend, please visit www.ikhokha.com/vend