Module 2: iKhokha related costs

When it comes to presenting an iKhokha device to a potential client,  the iKhokha rates and fees almost always offer you an opportunity to beat the competition. To allow you to do that, you need to know exactly what you are talking about. So let’s look at the iKhokha rates and fees first and then explore how to compare them to the competitors.

The iKhokha device – simple and competitive rates.

The costs related to using an iKhokha device

  • A settlement fee of just R2.50 per day, but only if there is an amount to settle – so we don’t charge you if you don’t use the device.  iKhokha settles straight into your bank account, Monday to Saturday, within 24hrs (depending on your bank within 48hrs).
  • Optional unlimited data fee at just R49/month – a special rate for UFMS customers only! Always be prepared to transact and activate the built-in connectivity power of 2 cellular networks. Optional, because the devices can use Wi-Fi as well (does not apply to Mover Pro).
  • Credit will be approved based on a 3-month trading history of the outlet.

iKhokha’s transaction rates

iKhokha offers a transaction rate starting at only 2.75%, quickly and automatically going down as you use it more.

The transaction rates are based on your turnover paid by card. If you hit the next level, you automatically get the next rate – no need to ask. And already from R100.000 monthly card sales we are open to discuss a custom rate for you.

What should you do if the outlet owners wants a special rate, before they begin trading?

Should a customer have a competitor device and already receive a preferential rate, the customer will need to supply a copy of their statement to validate the monthly turnover as well as the rate. The SR needs to submit this to their sales manager to allow for a rate to be negotiated with IK. The sales manager will consult with the management team upon receipt of this request.

How does iKhokha’s costs measure up to its competitors?

We’ll be looking at several elements when comparing how the iKhokha devices measure up to the competition: the cost of the devices themselves, the transactions rates offered, as well as the settlement fees and credit options available. You can access the competitor comparison for each of your main competitors by clicking on the relevant logo below:

Test yourself

Think you know your stuff? Test yourself here

Where to next?

Click here to return to the iKhokha Training Centre