iKhokha is a South African fintech that builds payment hardware and software for small and medium enterprises — from portable card machines (Mover, Mover Pro, Shaker, Shaker Solo) to a Tap on Phone payment app, a Speedpoint terminal, a free Vendor app for sales tracking, and short-term funding products like iK Cash Advance. The pitch is the SME-stack-in-a-box: tap, swipe, dip, and online payments, plus invoicing, capital, and analytics under one merchant account, with pricing aimed at the South African retailer rather than enterprise.
Standard transaction fees start at 2.75% (excluding VAT) and step down automatically to 2.65%, 2.55%, and 2.50% as your three-month trading volume rises. Machines are available as a one-off purchase or a 16-week weekly payment plan, with a small daily settlement fee and optional SIM/data add-ons depending on the device. Reviewers in independent South African finance media call out the local support and simple onboarding as standouts, while flagging that Yoco and newer entrants now compete closely on rates — making it worth comparing per-transaction costs before committing.
Compact, battery-powered card machines that pair to your phone or run independently with a SIM — ideal for market traders, food trucks, and on-the-move retailers across South Africa.
Turn any compatible Android device into a contactless card terminal with the iK Tap on Phone app. No hardware purchase — useful as a backup or a low-cost first terminal.
Counter-top and connected terminals for higher-volume retail and hospitality, with receipt printing, tipping, and integrated reporting in the iK Vendor app.
Standard rate of 2.75% (excl. VAT) drops automatically to 2.65%, 2.55%, or 2.50% based on rolling three-month trading volume — no negotiation, no annual review.
Free Vendor app for Android and iOS turns your phone into a POS — track sales, manage products, run reports, and accept payments without a separate terminal screen.
Short-term capital advances repaid through a percentage of your daily card sales — designed for SMEs that can’t access traditional bank lending.
Generate WhatsApp- and email-friendly payment links so customers can pay you online without you needing an e-commerce site.
South Africa-based support team and a digital onboarding flow that takes minutes — machines typically ship within a few business days.
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.
Watch these hand-picked iKhokha walkthroughs to see the Mover, Mover Pro, and Tap on Phone in action before you order. They cover device setup, daily use, and honest business-owner reviews from South African retailers.
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.
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.
The default rate for new merchants on every transaction (tap, swipe, dip).
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.
Charged once per day when funds are settled into your bank account.
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.
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.
We’ve been on iKhokha Mover Pro for two years across two restaurant locations. Settlements arrive next-day, the machine has barely needed reboots, and our rate dropped to 2.55% as volume grew. Local support is the killer feature — we can phone a real person in South Africa when something goes wrong.
Source: paraphrased from public Trustpilot-style review — https://www.ikhokha.com/blog/ikhokha-transaction-rates
The Mover paired to my phone is enough for weekend markets — no SIM fee, just battery and Bluetooth. Trimming a star because the 2.75% starter rate is higher than what Yoco offered me, but iKhokha’s onboarding was faster and the Vendor app is genuinely useful for tracking sales.
Source: paraphrased from public business-owner review — https://blog.mashjoy.com/ikhokha-fees/
iKhokha Mover Pro saved my business when load-shedding killed the bank’s connection — the cellular SIM model kept us trading. Cash Advance was a lifeline during a slow month. Rates are fair once your volume scales but watch the daily R2.50 settlement fee on low-volume days.
Source: paraphrased from public YouTube review — https://www.youtube.com/watch?v=RX1jBpLBZ9M
Comparing iKhokha with other South African and global payment platforms? These alternatives compete on rates, features, or geography:
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