Yoco in 9 slides
A South African payments company letting small businesses accept card payments with readers.
- Payment processor
- Card processing platforms
- Based in Cape Town, South Africa
What you do on Yoco
How the money is made: payment tool
- A client pays you
- Money lands in your account
- Convert if needed
- Withdraw to your bank
A South African payments company letting small businesses accept card payments with readers.
Founded 2015 · next to 19 other card processing platforms
Work and topics
What Yoco takes
2.6-2.95% per card transaction
From the published fees, before payment-processing, currency or withdrawal charges. Work out your own amount →
How the money reaches you
From sign-up to payout
- Sign upFree
- Quick profile or ID reviewIncludes an ID check
- Do the work
- Earnings clearInstant Payout arrives within an hour. Standard payouts typically take 1 to 2 bu…
- First payout1-2 business days
Time to your first payout
2 ways to withdraw
- Bank transfer
- instant for fee
Can you join?
Yes, if you live in South Africa.
You need a smartphone and a bank account. Your profile and ID are reviewed before you start. First payout: 1-2 business days.
What you need
- A smartphone
- A bank account
- An ID checkBefore you can work or withdraw
- Free to joinSign-up cost
- Quick profile or ID reviewHow sign-up works
Open in 1 country
How it scores
Strong on fees.
- Fees4.5
- Getting paid3.0
- Access2.8
- Track record3.5
- Proof of earningsNot enough facts
- Free to join
- Clear fees
- Low cut
- Fast payouts
- 10 years running
Yoco against its peers
Guess: next to the 16 other card processing platforms that charge a percentage, is Yoco…
The cut of all 17 card processing platforms that charge a percentage
| Platform | Fee |
|---|---|
| Paystack | 1.5% |
| Midtrans | 1.8% |
| Xendit | 1.9% |
| Razorpay | 2% |
| Fawry | 2.1% |
| Braintree | 2.6% |
| Square | 2.6% |
| Paymob | 2.8% |
| Tap Payments | 2.8% |
| Yoco | 2.8% |
| Stripe | 2.9% |
| dLocal | 2.9% |
| PayMongo | 3% |
| Flutterwave | 3.1% |
| 2Checkout | 4.8% |
| Paddle | 5% |
| Lemon Squeezy | 5% |
- At 2.6%–3%, Yoco sits near the middle — the median fee across the 17 card processing platforms we track that charge a percentage is 2.8%.
- Yoco is the only one of the 20 card processing platforms we track that pays out via instant for fee.
- Launched in 2015, Yoco is newer than most card processing platforms — 12 of the 20 we track were founded earlier.
How much we know
We have 9 of the 17 things we track for every platform. Fees, payouts, join rules, countries and real earnings count most.
What we have
- What kind of platform it is
- Year founded
- Headquarters
- Fees
- Minimum payout
- How fast you get paid
- Withdrawal methods
- Join requirements
- Countries it accepts
Still missing
- Plain-English overview
- Payment protection
- Real earnings figures
- Review ratings
- Wikipedia or reference page
- Support channels
- Mobile apps
- Social accounts