advertisementBuy ZESA tokens online
#Mobile Money

EcoCash Hack: Here’s how you can pay less transaction fees


I went to an EcoCash Agent to withdraw the $60 I needed to buy a ticket for the Startup Weekend. I had $62 in my EcoCash wallet in my EcoCash wallet then. When I tried to make a withdrawal, I got this message:


I didn’t realise that the transaction fee for withdrawing $60 is $2.30 so I could not only take out $59.



But $59 wasn’t enough therefore not an option. So I needed to be creative and find a way to beat the system. How could I take $60 out when I have less than $62.30 in my account? The vulnerability in the EcoCash system is in it’s pricing.


It costs $2.30 to withdraw $60. But it costs $1.50 to withdraw $50 and $0.30 to withdraw $10.

So $1.50 +$0.30=$1.80.  By cashing out $50 and then $10, I was able to take my $60 out and I still had $0.20 left in my account.


I can’t wait though for the day when all transactions fees will go down to a thousand satoshis

Quick NetOne, Telecel, Africom, And Econet Airtime Recharge

If anything goes wrong, chat with us using the chat feature at the bottom right of this screen

You might also like

Standard Chartered responds on the matter of the 2% Tax collections

Standard Chartered asking customers to pay 2 YEARS of the 2% Tax in 3 months

Financial Clearing Bureau is now offering tenant vetting services

Windows is now 35: Here are my first memories. What are yours?