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iKhokha

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Introduction

iKhokha is a South African payments company built for small and mobile businesses. Its card machines pair with your phone or tablet and let you take card and tap-to-pay payments without the fixed monthly rental of a traditional bank terminal.

Who it suits

iKhokha fits a trader, service business or mobile seller who wants to accept card payments affordably and also values quick access to working capital, which iKhokha can offer based on your trading through its machines.

What you get

  • Card readers that work with a phone or tablet, no bulky hardware.
  • Pay-as-you-sell pricing with no fixed monthly rental.
  • Next-day settlement and a sales dashboard.
  • Access to working capital advances based on your card turnover.

How the cost works

You buy the card reader once, then pay a transaction fee per sale rather than a monthly fee, so your costs track your takings. Check the current reader prices and per-transaction rates before you buy.

Our take

iKhokha is a strong local option, and the working-capital feature is a genuine differentiator for a growing business. Compare it against the other card machines in our top POS systems and payment gateways reviews to pick the reader and fees that fit how you sell.

See iKhokha card machines

Related: Top payment gateways  ·  Top POS systems  ·  eCommerce explained

Main Features

Card and Mobile Payments: Accepts all major debit and credit cards (Visa, Mastercard, AMEX), plus NFC/contactless and mobile wallets.

iK Pay Link and Invoices: Generate digital invoices and send secure payment links to customers via WhatsApp or email.

Ik Tap on Phone: Turn your existing Android or iOS smartphone into a card machine without extra hardware.

Automated Stock Tracking: iKhokha’s integrated system automatically adjust inventory levels as items are sold.

Reporting: Track sales, monitor busiest trading times, and calculate profits instantly.

iK Cash Advance: Access fast, flexible working capital based on your trading history.

Ik Vend: You can earn extra revenue by selling prepaid electricity, airtime, and gaming vouchers directly from your POS device.

iK Accounting: Reconcile payments, track income, and generate financial reports seamlessly.

Dynamic Rates: Transaction rates start low, scaling down as your monthly sales volume increases.

Pricing

iKhokha has two POS machines available for purchase. The iK Tap on Phone is free on the app.

iK Flyer – R1499 once-off and R75 per month for the Dual SIM with an option for unlimited data.

iK Flyer Lite – R699 once-off and R75 per month for the Dual SIM with an option for unlimited data.

iK Tap on Phone – Free on the iK app. Has no monthly fee and no SIM fee.

Card Machine Rate – Card machine rate start as low as 2.5% and decrease as you make more sales.

Online Rates – Online rates start from as little as 2.85% (excl. VAT).

Custom Rate – Businesses processing over R100,000 per month qualify for a custom rate.

You can leverage the online calculator using your expected monthly earnings (based on the 3 calendar months) to see what rate you’ll pay.

Pros and Cons

Pros

No monthly fees
Access to merchant cash advance financing
Low transaction rates

Cons

POS machines require constant Internet connectivity
Payouts can be slow with external banks
FAQs

You can sell prepaid products through iKhokha, including airtime, data, electricity, DStv, Lotto and gaming vouchers. Availability may depend on your device, profile or setup, so some merchants may need activation or support if a prepaid option is not yet visible.

Unfortunately, activating and using Ikhokha currently requires a smartphone with Bluetooth connectivity.

Contact iKhokha support immediately to report your lost device. They can deactivate the machine to prevent unauthorised use. You can then order a replacement.

Payout times depend on your payout method and bank. If you use the iK Debit Card with a linked GoTymeBank EveryDay Account, you can get same-day payouts. If you use an iK Flyer or iK Flyer Lite and bank with ABSA or FNB, funds can reflect as soon as the next business day. Other banks may take longer.

 

Yes, iKhokha supports cash-back functionality. However, certain conditions and limits may apply. Check the iKhokha support resources for details.

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