EcoCash, the operators of Zimbabwe’s largest mobile payments service of the same name has announced that they are increasing their tariffs effective the 21st of September 2021.
EcoCash effected higher changes to their pricing for higher transaction amounts. The biggest jump is the 25% increase in the fees for paying $1 000 to $1 499. Fees for very small transactions are largely staying the same which must be very transactions anyway given how much our local currency has deteriorated in value. Transactions of $3 000 and above which currently attract a fixed percentage fee are retaining the same fixed percentage fees as well.
The tables below show the comparison between the current tariffs and the new ones coming in Septemeber:
UPDATE: Initially we reported much higher changes because we were using the tariffs that were displayed on the EcoCash website at the time of publishing. However, we have been informed that the tariffs that were so displayed were outdated by several months. We have corrected the figures accordingly.
Tariffs for paying merchants
| Transaction Value | Old tariff | New tariff | % Increase |
| $1.00 to $9.99 | $0.89 | $0.93 | 4.5% |
| $10.00 to $19.99 | $1.45 | $1.52 | 4.8% |
| $20.00 to $29.99 | $2.06 | $2.16 | 4.9% |
| $300.00 to $39.99 | $3.17 | $3.47 | 9.5% |
| $40.00 to $49.99 | $4.19 | $4.19 | 0.0% |
| $50.00 to $74.99 | $5.69 | $5.69 | 0.0% |
| $75.00 to $99.99 | $7.53 | $7.53 | 0.0% |
| $100.00 to $149.99 | $7.61 | $8.91 | 17.1% |
| $150.00 to $199.99 | $9.21 | $11.00 | 19.4% |
| $200.00 to $299.99 | $10.41 | $12.44 | 19.5% |
| $300.00 to $499.99 | $10.86 | $13.03 | 20.0% |
| $500.00 to $999.99 | $33.79 | $42.17 | 24.8% |
| $1 000.00 to $1 499.99 | $49.41 | $61.66 | 25.0% |
| $1 500.00 to $1 999.99 | $70.72 | $84.86 | 20.0% |
| $2 000.00 to $2 499.99 | $87.30 | $104.76 | 20.0% |
| $2 500.00 to $2 299.99 | $103.43 | $124.12 | 20.0% |
| $3 000.00 to $5 000.00 | 1.85% | 1.85% | 0.0% |
Tariffs for sending money to other EcoCash users
| Transaction Value | Old tariff | New tariff | % Increase |
| $1.00 to $9.99 | $0.68 | $0.72 | 5.9% |
| $10.00 to $19.99 | $1.42 | $1.49 | 4.9% |
| $20.00 to $29.99 | $2.10 | $2.20 | 4.8% |
| $300.00 to $39.99 | $2.63 | $2.88 | 9.5% |
| $40.00 to $49.99 | $3.93 | $3.93 | 0.0% |
| $50.00 to $74.99 | $5.31 | $5.31 | 0.0% |
| $75.00 to $99.99 | $5.89 | $5.89 | 15.0% |
| $100.00 to $149.99 | $8.01 | $9.38 | 17.1% |
| $150.00 to $199.99 | $11.06 | $13.22 | 19.5% |
| $200.00 to $299.99 | $13.52 | $16.16 | 19.5% |
| $300.00 to $499.99 | $17.87 | $21.44 | 20.0% |
| $500.00 to $999.99 | $34.43 | $42.96 | 24.8% |
| $1 000.00 to $1 499.99 | $52.31 | $65.29 | 24.8% |
| $1 500.00 to $1 999.99 | $73.48 | $88.18 | 20.0% |
| $2 000.00 to $2 499.99 | $91.85 | $110.22 | 20.0% |
| $2 500.00 to $2 299.99 | $110.21 | $132.25 | 20.0% |
| $3 000.00 to $5 000.00 | 1.91% | 1.91% | 0.0% |
Tariffs for bill payments
| Transaction Value | Old tariff | New tariff | % Increase |
| $1.00 to $9.99 | $1.03 | $1.08 | 4.9% |
| $10.00 to $19.99 | $1.44 | $1.51 | 4.9% |
| $20.00 to $29.99 | $1.76 | $1.85 | 5.1% |
| $300.00 to $39.99 | $2.46 | $2.69 | 9.3% |
| $40.00 to $49.99 | $3.37 | $3.37 | 0.0% |
| $50.00 to $74.99 | $4.68 | $4.68 | 0.0% |
| $75.00 to $99.99 | $6.17 | $6.17 | 0.0% |
| $100.00 to $149.99 | $7.76 | $9.00 | 16.0% |
| $150.00 to $199.99 | $8.57 | $10.25 | 19.6% |
| $200.00 to $299.99 | $9.75 | $11.65 | 19.5% |
| $300.00 to $499.99 | $15.31 | $18.37 | 20.0% |
| $500.00 to $999.99 | $31.25 | $39.00 | 24.8% |
| $1 000.00 to $1 499.99 | $46.88 | $58.50 | 24.8% |
| $1 500.00 to $1 999.99 | $65.00 | $78.00 | 20.0% |
| $2 000.00 to $2 499.99 | $81.25 | $97.50 | 20.0% |
| $2 500.00 to $2 299.99 | $97.50 | $117.00 | 20.0% |
| $3 000.00 to $5 000.00 | 1.85% | 1.85% | 0.0% |
Share
Home
What’s your take?