If you joined Yoco before 20 November 2023, you’re on the Original Plan – unless you’ve been placed on a custom rate through our Pro Plan.
Original Plan fees
Original Plan fees include transaction fees, which are dependent on your monthly sales.
Transaction fees
Transaction fees are applied as a percentage of each transaction you process with Yoco and are worked out based on a sliding scale. In line with industry standards, your transaction rates are referred to excluding VAT. As your monthly turnover increases, we automatically lower your transaction fee – and we won’t ever increase it again.
Original Plan transaction fees range from 2.55% to 2.95% (excl. VAT) for in-person card payments and online payments made with a local Visa/Mastercard.
Original Plan transaction fees range from 3.0% to 3.4% (excl. VAT) for online payments made with an international or Amex card.
Instant EFT fees are fixed at 2.0% (excl. VAT) with same day settlement.
Is your business transacting over R200 000 per month?
Start a conversation via our in-app chat and select 'About my Yoco fees' to find out about our Pro Plan custom fee structure.
VAT on transaction fees
We are required by law to charge 15% VAT on all transaction fees. For example, if you make a sale for R100 with a transaction fee of 2.7% (excl. VAT):
Yoco fees (2.7% excl. VAT) = R2.70
SARS VAT (0.4%) = R0.40
Total fee (3.1% incl. VAT) = R3.10
Payout total = R96.90
If you’re registered for VAT, you can claim this back from SARS.
Transaction fee sliding scale
| R0–R20k | R20k–R40k | R40k–R60k | R60k–R80k | R80k–R100k | R100k–R200k |
In-person and local online card transactions | 2.95% | 2.85% | 2.75% | 2.65% | 2.60% | 2.55% |
International online card transactions and Amex | 3.4% | 3.3% | 3.2% | 3.1% | 3.05% | 3.0% |
* All fees exclude VAT.
Good to know: Around the world, online transactions cost 0.5% more than card machine fees. To balance this out, combine your card machine and online transaction totals to get even lower fees for both.
Find out more about Yoco fees or explore the other Yoco Plans by selecting the relevant one below: