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*Ecocash Reviews Transaction Charges Effective 21 September* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?pr Dominant mobile money service provider, EcoCash, has announced an upward review in transactional charges starting next month after obtaining the green light from regulatory authorities. The company, which last reviewed its charges at the beginning of the year in January, said it will increase its charges effective September 19, 2021. ---------- Latest itel S24 available on Pindula: 128GB storage, 4GB RAM $119 USD WhatsApp: +263715068543 Calls: 0772464000 Buy Online: https://www.pindula.co.zw/market/itel-s24-128gb-22-20240426142756795795/?s=wanews ---------- *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% These are just the EcoCash fees. From $300 onwards, consumers are taxed 2% of the transacted amount which adds to the overall cost of the transaction *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% These are just the EcoCash fees. From $300 onwards, consumers are taxed 2% of the transacted amount which adds to the overall cost of the transaction *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% These are just the EcoCash fees. From $300 onwards, consumers are taxed 2% of the transacted amount which adds to the overall cost of the transaction. There was no immediate comment from the company on the price adjustment. The increase comes at a time the prices of goods and services in the country have been escalating despite the stability in the official foreign currency exchange rate since the beginning of the year. The EcoCash tariff schedule made no reference to the ZW$5 000 daily transaction limit imposed on mobile money transactions in May 2020. Although the monetary authorities last year promised to review the EcoCash weekly limit of ZW$35 000 “continuously, in line with the requirements and convenience of the transacting public”, there has so far not been any changes made to the transaction limits. More: Techzim _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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