Are you ready to change your business with a smart card machine that fits in your pocket? Yoco is a top payment solutions provider in South Africa. They’re changing how small businesses handle card payments. Over 200,000 active companies use their services to grow their business.
These portable devices are easy to get with free delivery in 3 business days. There are no long-term contracts, and signing up is simple. Yoco’s platform is known for its uptime and fast 3-second transactions, thanks to WiFi and 4G. You also get your money the next day, keeping your cash flow healthy.
Many people worry about security, but Yoco has strong security measures. They offer a range of machines, from the Yoco Go to the Yoco Khumo. But what’s the cost of a Yoco machine? Let’s look at the pricing, transaction fees, and mobile app features that make Yoco great for businesses on the move.
Understanding Yoco Smart Card Machines
Yoco offers smart payment solutions to South African businesses. It offers card machines for small startups and growing companies.
What is Yoco?
Yoco is a trusted payment platform for 200,000 small businesses in South Africa. They provide card machines with top uptime and 3-second transactions. These machines use WiFi and 4G connectivity.
Types of Yoco Card Machines | Ready To Grow Card Payments Options
Yoco has three main card machine options:
- Yoco Go: A portable solution ideal for small businesses
- Yoco Khumo: A premium touchscreen device
- Yoco Neo: An all-in-one powerhouse with a built-in printer
Features and Benefits
Yoco card machines have many features:
| Feature | Benefit |
|---|---|
| Unlimited 4G | Always connected |
| Staff profiles | Manage team access |
| Product catalogues | Easy inventory management |
| Instant Payout | Quick access to funds |
| Payment links | Accept remote payments |
| Digital invoices | Professional billing |
Yoco offers next-day payouts, and fees start at 2.7%. These fees decrease as your business grows. With no rental costs and a 30-day guarantee, Yoco is a risk-free way to accept card payments and grow your business.
Pricing Options for Yoco Card Machines
Yoco has different card machine prices for various business needs. They offer portable and premium touchscreen devices. This gives merchants in South Africa flexible choices.
Yoco Go: The Portable Solution
The Yoco Go is perfect for businesses that are always on the move. It costs R799 once-off, making it the cheapest option. There are no transaction fees for the first R5000 in sales or the first three months.
Yoco Khumo: The Premium Touch Screen Device
For those wanting a top-notch touch screen, the Yoco Khumo is R1,699 once-off. It’s stylish and functional, making transactions smooth and easy.
Yoco Neo: The All-in-One Powerhouse
The Yoco Neo is an all-in-one device priced at R2,799 once-off. It’s ideal for businesses needing advanced features and strong performance in one device.
| Device | Price | Key Feature | Connectivity Fee |
|---|---|---|---|
| Yoco Go | R799 | Portable | R49/month |
| Yoco Khumo | R1,699 | Touch Screen | R49/month |
| Yoco Neo | R2,799 | All-in-One | R49/month |
Every Yoco device has a R49 monthly connectivity fee. This fee keeps your machine connected via WiFi or 4G for quick 3-second transactions. Yoco’s fees drop as your business grows, starting at 2.7% for up to R200,000 monthly sales.
How Much is a Yoco Machine?
Yoco has smart card readers for various business needs. The cost of a Yoco machine depends on the model. The Yoco Go is perfect for new businesses and costs R299.
The Yoco Neo offers more features and is priced at R799. For top-notch features, the Yoco Khumo costs R1,699.
Yoco machines are bought once and have no setup fees. However, they require a monthly R49 fee for connectivity. This makes Yoco a great choice for small businesses looking to keep costs down.
| Model | Price (ZAR) | Key Features |
|---|---|---|
| Yoco Go | 299 | Portable, ideal for startups |
| Yoco Neo | 799 | Standalone device, all-day battery |
| Yoco Khumo | 1,699 | Premium touch screen, 3-second processing |
Yoco delivers for free in South Africa within three working days. You can trade up to 5 old devices for a new Yoco, saving thousands. With a 30-day money-back guarantee and 1-year warranty, buying a Yoco is a safe choice for your business.
Transaction Fees and Monthly Costs
Yoco offers flexible pricing options for businesses of all sizes. Let’s look at the fees and costs of Yoco’s payment solutions.
Core Pricing Plan
The Core plan is for businesses with less than R200,000 in monthly sales. Based on your sales, fees range from 2.6% to 2.95% (ex. VAT). For instance, if you make R5,000 a month, you’ll pay about R147.50 in fees.
At R80,000 monthly, the fee drops to 2.6% (ex. VAT), costing around R2,080.
Pro Pricing Plan
Yoco offers the Pro plan for businesses making over R200,000 a month. It offers custom rates and more benefits for high-volume sales.
Connectivity Fee Explained
All Yoco card machines charge a monthly connectivity fee of R49. This fee keeps your device connected and ready for transactions.
| Monthly Transactions | Transaction Fee (ex. VAT) | Approximate Cost |
|---|---|---|
| R5,000 | 2.95% | R147.50 |
| R20,000 | 2.85% | R570 |
| R80,000 | 2.6% | R2,080 |
Yoco’s pricing grows with your business. As sales go up, you get lower fees, which helps you make more profit.
Additional Services Included with Yoco Machines
Yoco machines come with extra services to help your business grow. The Yoco App is a crucial tool. It lets you easily send payment links and digital invoices, making transactions smooth. These features are free.
Need quick cash? Yoco Capital offers fast cash advances to those who qualify. This service helps you grow your business without the trouble of traditional loans. The Instant Payout feature is another excellent tool. It gives you quick access to your money, which is perfect for managing cash flow.
For online sellers, the Yoco Gateway works well with e-commerce platforms. It connects with popular sites like WooCommerce and Shopify, making selling online as easy as selling in person.
| Service | Feature | Benefit |
|---|---|---|
| Yoco App | Payment links and digital invoices | Streamlined transactions |
| Yoco Capital | Quick cash advances | Business growth support |
| Instant Payout | Immediate fund access | Improved cash flow |
| Yoco Gateway | E-commerce integration | Easy online selling |
These business tools come with Yoco machines. They’re made to help you manage finances, boost sales, and grow your business. With Yoco, you’re not just getting a card machine – you’re getting a complete business solution.
Comparing Yoco to Other Payment Solutions
Yoco shines when compared to other payment options. It has 130,000 merchants using its services, more than SnapScan and Paystack. Yoco charges a standard 2.95% (excluding VAT) for card machines and online payments. This is lower than SnapScan’s 3% and PayFast’s 3.5% plus R2.00 for different payment methods.
Yoco is fast, with transactions taking just 3 seconds over WiFi or 4G. This speed and next-day settlement make it a top choice in South Africa. Yoco also has the lowest fraud rates, giving businesses extra security.
iKhokha has fees similar to Yoco, but Yoco offers more services. Yoco’s free cloud POS software includes invoicing and inventory tracking. For merchants processing over R200,000 monthly, Yoco has a Pro plan with custom low rates and dedicated support. This makes Yoco great for growing businesses looking for flexible payment solutions.
