Yoco international payments
Can Yoco accept international payments?
Yoco, the leading payment solution for small businesses in South Africa, is frequently asked if international clients can use their services. The short answer is yes! Here's what you need to know:
Yoco Accepts All Mastercard and Visa Cards, Including International
One of the key benefits of Yoco is that it accepts all major credit and debit cards, including those issued internationally. As long as your customer has a valid Mastercard or Visa card, they will be able to make a purchase from your Yoco-supported business.
Payments are processed in South African Rands
It's important to note that while international cards are accepted, all transactions through Yoco are processed in South African Rands (ZAR). This means your international customers will pay the ZAR amount listed for your products or services. Their bank will handle automatically converting from their home currency to ZAR at the daily exchange rate.
International Transaction Fees
Yoco does charge slightly higher transaction fees for international payments - 3.4% plus VAT versus 2.95% for local payments. This is quite reasonable compared to many other payment processors. The more sales your business makes through Yoco, the lower your fees will be.
How Fivewest Can Save You up to 3% on International Payments to South Africa
Sending or receiving payments internationally can get expensive with bank fees and poor exchange rates eating away at your margins. This is especially true when doing business with South Africa. But Fivewest offers a better solution that can save your business up to 3% on international transfers.
Unlike banks, Fivewest has access to wholesale exchange rates that we pass onto our clients. This means when we convert your international payments to/from ZAR, you get a better rate that saves you money.
Save on fees with our international transfers
Our fees are just 0.5% on international transfers with no hidden costs. When combined with our better exchange rates, you can save up to 3% compared to typical bank fees and rates. Complete pricing transparency so you know exactly what you'll pay.