Yoco launched its mobile card acceptance offering in 2015 with an affordable pay-per-use transaction pricing model. Their no fixed monthly rental fee appealed to smaller merchants that previously could not afford traditional card terminals.
To start accepting card payments, business owners can connect the Yoco card reader to their Android/iOS smartphones or tablets. The hardware is paired with a comprehensive Point of Sale (POS) application and business intelligence portal to give businesses real-time access to sales insights and analytics.
In 2018 Yoco launched The Yoco Payment Gateway, a solution that enables business owners to accept payments on their WooCommerce or Wix e-commerce websites. Entrepreneurs are able to add the plugin to their site and activate Yoco as a payment option.
They deliver their card machines for free in South Africa in three business days.
Yoco has a pay-per-use transaction pricing model with no fixed monthly rental fees.
Fees are however paid on each transaction made and decrease as the volume of transaction increases, therefore the more you sell, the less you pay.
Card machine fees are from between 2.6% – 2.95% (ex. VAT). Online fees range from 2.6% to 2.95% (ex. VAT).
Card machine pricing:
Their suite of tools allows for insights and comprehensive management of the business through the Yoco Point of Sale (POS) and Yoco Business Portal.
No card machine rental option available.
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