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 jumps are a change of 56% from the current tariff. If you then factor in the 2% transaction tax which starts kicking in for transactions above $300, these costs of transactions really add up.
The tables below show the comparison between the current tariffs and the new ones coming in Septemeber:
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 | $3.02 | $3.47 | 14.9% |
| $40.00 to $49.99 | $3.64 | $4.19 | 15.1% |
| $50.00 to $74.99 | $4.95 | $5.69 | 14.9% |
| $75.00 to $99.99 | $6.54 | $7.53 | 15.1% |
| $100.00 to $149.99 | $6.61 | $8.91 | 34.8% |
| $150.00 to $199.99 | $7.49 | $11.00 | 33.5% |
| $200.00 to $299.99 | $8.46 | $12.44 | 47.0% |
| $300.00 to $499.99 | $8.86 | $13.03 | 47.1% |
| $500.00 to $999.99 | $27.03 | $42.17 | 56.0% |
| $1 000.00 to $1 499.99 | $39.53 | $61.66 | 56.0% |
| $1 500.00 to $1 999.99 | $54.40 | $84.96 | 56.2% |
| $2 000.00 to $2 499.99 | $67.15 | $104.76 | 56.0% |
| $2 500.00 to $2 299.99 | $79.56 | $124.12 | 56.0% |
| $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 | $0.88 | $0.72 | -18.1% |
| $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 | $2.50 | $2.88 | 15.2% |
| $40.00 to $49.99 | $3.42 | $3.93 | 14.9% |
| $50.00 to $74.99 | $4.62 | $5.31 | 14.9% |
| $75.00 to $99.99 | $5.12 | $5.89 | 15.0% |
| $100.00 to $149.99 | $6.96 | $9.38 | 34.8% |
| $150.00 to $199.99 | $8.99 | $13.22 | 47.1% |
| $200.00 to $299.99 | $10.99 | $16.16 | 47.0% |
| $300.00 to $499.99 | $14.59 | $21.44 | 45.8% |
| $500.00 to $999.99 | $27.54 | $42.96 | 56.0% |
| $1 000.00 to $1 499.99 | $41.85 | $65.29 | 56.0% |
| $1 500.00 to $1 999.99 | $56.52 | $88.18 | 56.0% |
| $2 000.00 to $2 499.99 | $70.65 | $110.22 | 56.0% |
| $2 500.00 to $2 299.99 | $84.78 | $132.25 | 56.0% |
| $3 000.00 to $5 000.00 | 1.90% | 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 | $2.34 | $2.69 | 15.0% |
| $40.00 to $49.99 | $2.93 | $3.37 | 15.0% |
| $50.00 to $74.99 | $4.07 | $4.68 | 15.0% |
| $75.00 to $99.99 | $5.36 | $6.17 | 15.1% |
| $100.00 to $149.99 | $6.75 | $9.00 | 33.3% |
| $150.00 to $199.99 | $6.97 | $10.25 | 47.5% |
| $200.00 to $299.99 | $7.93 | $11.65 | 46.9% |
| $300.00 to $499.99 | $12.50 | $18.37 | 47.0% |
| $500.00 to $999.99 | $25.00 | $39.00 | 56.0% |
| $1 000.00 to $1 499.99 | $37.50 | $58.50 | 56.0% |
| $1 500.00 to $1 999.99 | $50.00 | $78.00 | 56.0% |
| $2 000.00 to $2 499.99 | $62.50 | $97.50 | 56.0% |
| $2 500.00 to $2 299.99 | $75.00 | $117.00 | 56.0% |
| $3 000.00 to $5 000.00 | 1.85% | 1.85% | 0.0% |
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