Yoco
Card payments and business management tools for South African small businesses.
What is Yoco?
Yoco is a South African payment processing and business management platform built for independent merchants and small businesses. It combines card machines, tap-to-pay on iPhone, and online payment links with point-of-sale software so business owners can accept payments in-store, at the table, or on the go. Beyond payments, Yoco offers tools to run day-to-day operations, including real-time sales tracking, staff and inventory management, a loyalty program, business savings accounts, and access to business funding (Yoco Capital). The company states that over 202,000 businesses across South Africa's retail, food and beverage, health and beauty, and professional services sectors use its platform.
SpecificationsAI-estimated
Key Features of Yoco
Use Cases for Yoco
Retail store payments
A boutique shop uses a Yoco card machine at checkout, tracks daily sales through the POS software, and manages inventory via barcode scanning.
Food and beverage table service
A cafe uses Yoco's Pro plan for table-side ordering, split-bill payments, and tip handling during service.
Mobile and on-the-go services
A mobile beautician or trades service accepts card payments on-site using tap-to-pay on iPhone or a handheld card reader.
Remote or online payment collection
A freelancer or small service business sends a Yoco payment link to a client to collect payment without a physical card machine.
Pros & Cons of Yoco
Pros
- Free entry-level plan (Core) with no monthly fee, only transaction fees.
- Combines payments with business operations tools (inventory, staff, loyalty) rather than payments alone.
- Wide range of hardware options, from handheld readers to tap-to-pay on iPhone.
- Large existing merchant base in South Africa (over 200,000 businesses cited on the site) suggests established local support and reliability.
Cons
- Focused specifically on the South African market, so pricing and support may not extend to merchants outside South Africa.
- Advanced features like accounting integrations and table-side ordering are locked behind the paid Pro plan.
- Transaction fees still scale with plan tier, so lower-tier merchants pay a higher per-transaction rate.
Frequently Asked Questions
Does Yoco charge a monthly fee?
The Core plan is free with no monthly fee; merchants only pay per-transaction card processing fees starting from 1.35%. Paid Plus (R249/mo) and Pro (R499/mo) plans lower transaction fees and add extra features.
What payment methods can I accept with Yoco?
Yoco supports card payments via card machines, tap-to-pay on iPhone, and online payment links, covering both in-person and remote transactions.
Does Yoco offer business funding?
Yes, through Yoco Capital, merchants can access business funding based on their processing history, alongside a Yoco Savings business account.
Is Yoco only available in South Africa?
Yoco is built specifically for the South African market, with pricing in Rand (ZAR) and a merchant base described on its site as over 200,000 South African businesses.
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