Revenue stream: 3x payment portals for bicycle couriers
Spoiler alert: we use all 3 of them…
What’s the deal and what’s the split? Everyone wants to tap and pay quickly and online these days. And we want cash in our bank accounts, fast. Bicycle couriers accepts EFT’s (still the best ito lowest fees, but more admin to double-check the bank account). And online card payments through the 3 portals below. For Better, faster payments. So we can reach our bicycle couriers business goals with ecommerce solutions, business management tools, and same-day payouts 365 days a year.
What’s the split?
- 75/25 between main centers and remote areas
- 60/40 between cash (EFT) and card (online)
- And for the card payment portals below it is roughly:
- 50/45/5 between PEACH and YOCO and IK below
YOCO payment portal for bicycle couriers
With no contracts and no hidden fees, YOCO is probably the most prominent online payments provider in the country. At least in the eyes of bicycle couriers. Yoco online payments refer to Yoco’s services that allow businesses to accept payments remotely through various digital methods, including on their websites, via payment links, or through their Yoco Payment Page. It supports major card networks like Visa and Mastercard, digital wallets like Apple and Google Pay, and offers secure, bank-level protection with fraud monitoring. Businesses can use the Yoco Gateway to integrate online payment acceptance with their online stores, or send a simple Yoco Link to customers for quick, secure payments. Online rates for <R100k pm are 2.95% for local and 3.4% international and for >R100k pm it falls to 2.55% local and 3.2% INTL and all ex-VAT. They say over 202,000 businesses run smarter with yoco.com/za/
PEACH payment portal for bicycle couriers
Think bigger than payments. The secure African payment gateway with easy integrations, 365-day support, and advanced orchestration. And Just launched: Peach Payments announces real-time clearance Payouts. A Comprehensive Payment Platform that is said to be (in their own words) The Complete Ecommerce Payments Toolkit. ‘We bring together everything you need to build websites and apps that accept payments, bill recurrently, send payouts efficiently, and everything in between.’ Trusted by Some of Africa’s Most Exciting Businesses, including your very own bicycle couriers. Rates are 2.95% for local cards with 3DSecure and 3.5% for those without 3DSecure and international payments. All ex-VAT and add another R1.50 per transaction. More on peachpayments.com/
IKHOKHA payment portal for bicycle couriers
iKhokha Payments is a South African financial technology company that provides small businesses with solutions to accept card and other digital payments, both in-person and online. They offer mobile Point of Sale (mPOS) devices, an accompanying app, an online payment gateway for websites, and a merchant portal for managing sales and tracking performance. iKhokha aims to provide an easy, affordable, and secure way for businesses to get paid, also offering additional services like bill payments, airtime sales, and business cash advances. Bicycle couriers have never used the cash advance facility but it is a very clever and handy move from a payments provider that collects upfront. Online rates from 2.85% ex VAT. Check out payments made simple on ikhokha.com/
Let’s keep on rolling…
Bicycles delivered to recipients and income through the payment portals. Now it is time to start getting those %’s down. Because 3% lost on card payments add up over the course of a year!
Want to try it for yourself? Order online…
