iKhokha Review Review

iKhokha Features — What You Get?

Below is a quick rundown of iKhokha’s headline features for South African SMEs. The product mix covers hardware terminals, mobile tap-on-phone payments, an online payment link tool, a free Vendor app, and short-term capital — all under a single merchant account with volume-tiered rates.

iKhokha Pricing & Fees

iKhokha’s pricing has two parts: a once-off (or weekly payment plan) hardware cost for the card machine, and per-transaction fees that decrease automatically as your trading volume rises. There is also a small daily settlement fee and an optional SIM/data add-on for devices that connect over cellular networks.

Card Machine Hardware

Hardware is available as a once-off purchase or via 16-week weekly payment plans. Pricing varies by model — the entry-level Mover is the cheapest, the Mover Pro and Shaker sit higher, and standalone Speedpoint terminals run highest. Check the iKhokha site for current per-model prices.

Standard Transaction Rate — 2.75% (excl. VAT)

The default rate for new merchants on every transaction (tap, swipe, dip).

Volume-Tiered Rates — 2.65% / 2.55% / 2.50% (excl. VAT)

Three-month average trading volumes between R40,000 and R100,000+ unlock 2.65%, 2.55%, or 2.50% rate tiers automatically. No application or annual review required.

Daily Settlement Fee — R2.50 (incl. VAT)

Charged once per day when funds are settled into your bank account.

SIM / Data Fee — ~R49–R75/month (optional)

Optional cellular data plan for standalone devices that don’t rely on a paired phone. Devices that pair with your phone don’t require this.

Pros and Cons of iKhokha

Pros

• ✅ Wide hardware range from low-cost Tap on Phone to full counter-top Speedpoint.
• ✅ Volume-tiered rates step down automatically — no contract renegotiation.
• ✅ Free iK Vendor app turns any phone into a POS with reporting.
• ✅ iK Cash Advance funding accessible to SMEs without traditional bank credit.
• ✅ South Africa-based support and quick digital onboarding (typically days).

Cons

• ❌ Standard 2.75% rate is no longer the cheapest in SA — Yoco and new entrants compete closely.
• ❌ R2.50 daily settlement fee adds up for very low-volume traders.
• ❌ Optional SIM/data fee for standalone devices is an extra recurring cost.
• ❌ Hardware pricing varies and isn’t always front-and-center on marketing pages.
• ❌ iK Cash Advance pricing depends on your sales profile and isn’t publicly listed in advance.

Independent reviews on South African finance blogs and business-owner videos consistently highlight reliable hardware and helpful local support as iKhokha’s standout strengths, while noting that competitors like Yoco have closed the gap on per-transaction rates. Merchants advise comparing total cost of ownership (hardware + per-tx + SIM fee) against your expected monthly volume before choosing a provider.