Card

Machines
Competitor
Comparison
Pricing

The pricing in this document is not 100%

accurate and is based on what we have
found in general or at the time of creating this
document. Please take it as a guideline only.
Most of the prices exclude VAT.

Competitors listed in alphabetical order

02
Absa Bank
They offer integrated banking services (a Business
Bank account) with various value-added services for
customers who bank with them.

Speed Point: +-R450pm (Includes Single SIM), +- R500 Setup/Delivery

Tx Fees: Based on turnover with separate Debit & Credit Card Rates
SmartPay (MPOS) device: R199pm, R250 Delivery
Tx Fees: 2.5% on Debit & Credit, 2.75% on International Cards
Masterpass/Scan 2 Pay: Free and 2.75% Transaction Fee

Why clients would switch to WAPPOINT:

- We can offer to beat their transaction rates
- We can save them a ton of money if they opt for an outright purchase
- We can offer VIP personalised service through account managers
- We can offer reporting in csv format
- We can offer free backup solutions
- 03
 Capitec Bank
Speed Points Only: +-R430pm + R139pm SIMs.
Tx fee: 3.25% on Credit, 1.75% on Debit
Minimum Turnover Requirement R15000pm else R250 Penalty Fee P/month

They come across as a very affordable choice for merchants who bank with
them due to the low debit card rates but often hybrid cards (cheque account
cards) are billed according to credit card rates (3.25%) which is very high
compared to most other service providers. They also charge R250 penalty fee
if a minimum turnover of R15000 is not reached.
They also offer MasterPass but only to cardholders, not merchants.

Why clients would switch to WAPPOINT:

- We can offer to beat their transaction rates
- We can save them a ton of money if they opt for an outright purchase
- We can offer VIP personalised service through account managers
- We can offer reporting in csv format
- We can offer free backup solutions

08
 FNB Bank

SPEED POINT SPEEDEE MASTERPASS / FNB PAY

DESKTOP OPTIONS ALSO BUILT IN SIMS GET PEOPLE ENGAGED
Speed Point: +-R450pm (Includes Single Speedee (MPOS) device: R199pm, R250 Masterpass/Scan 2 Pay: Free and 2.75%
SIM), +- R500 Setup/Delivery Delivery Transaction Fee
Minimum Turnover Requirements Tx Fees: 2.5% on Debit & Credit, 2.75%
Tx Fees: Based on turnover with separate on International Cards
Debit & Credit Card Rates

With value offerings and price reductions, it should be relatively easy to make them switch, however, they tie everything to Ebucks. For smaller merchants the speed point
becomes very expensive due to minimum turnover requirements and penalties charged (+-R250-R400pm) and we have heard that their sales model is to sign merchants
up on the lowest rates (based on expected turnovers) and then increase these after 3 months if merchants have not achieved this (actual turnovers). 04
They don't offer outright purchase options and monthly fees are expensive so we could switch merchants by offering better service, cheaper rates, free backups and
outright purchase deals.
 Ikhokha
SHAKER SOLO
+-R2999 Once off +R50pm per SIM
Free Delivery
2.75% Debit and Credit+R2.50 per
day of trading (R75pm)
HOW TO BEAT THEIR
OFFER:
Both of these are great offers
and hard to beat but on both
options, you have to purchase
a new device each time the
hardware breaks so this can
become expensive in the long
run. (On average a card
machine in a busy retail store
will break every 12-24 months
no matter how well it is looked
after). As far as we know the
transaction rates are also
fixed to staying the same on
debit and credit so this can be
costly to larger merchants
who may benefit more from a
MOVER PRO separate debit and credit card
rate. Lastly, their daily rate of
R2.5 adds to a monthly
amount of R75 if merchants
R499 Once off trade daily which is a hidden
Free Delivery and somewhat unnecessary
2.75% Debit and Credit+R2.50 per cost.
They also don't offer 24/7
day of trading R75pm) support (only till 8pm) and
they don't offer free backup or
expo services.
05
 NedBank

SPEED POINT POCKETPOS MASTERPASS & TAP ON PHONE

DESKTOP OPTIONS ALSO
Speed Point: +-R350pm + R100pm Dual
SIM, +- R500 Setup/Delivery
Minimum Turnover Requirements
Tx Fees: Based on turnover with separate
Debit & Credit Card Rates
Masterpass/Tap on Phone: Free and 2.75%
(MPOS) device: R1199 Once off + R115 Transaction Fee
Delivery
Tx Fees: 2.75% on Debit & Credit

We have a strong relationship with Nedbank because we resell their products so we try our best not to approach their clients but if a client is unhappy with their service or
they cannot obtain everything they need with Nedbank, then we can persuade them to switch based on the value added services we offer. Reasons to switch: Outright
purchase on speedpoints, dedicated account managers, reporting, free back up solutions etc. 04
Standard DESKTOP & INTEGRATED

Bank Speed Point

+-R450pm +-R500 Delivery
Minimum Turnover Requirement R15000pm / R250 Penalty
Tx Rates based on turnover but separate debit and
credit card rates

MPOS TERMINAL
PocketBiz / Blue Mobi R169pm (No smartphone needed, SIM included)
R590 Delivery
2.6% on debit and credit cards

WIDELY USED AT MARKETS

Snapscan Free
R250 Once off
3% on debit and credit cards

Why clients would switch to WAPPOINT:

- We can offer to beat their transaction rates
- We can save them a ton of money if they opt for an outright purchase
- We can offer VIP personalised service through account managers
- We can offer reporting in csv format 11
- We can offer free backup solutions
Sureswipe
SPEED POINT / DESKTOP TERMINALS
+-R438 (24 Month) to R630pm (Month-Month).
Includes rolls, SIMs & insurance but excludes Swap Outs.
Minimum Service Fee: R425 – R475 per month if R15k turnover is
not reached.

SURESWIPE MOVE
+-R199pm or outright for R1599
??? Delivery
2.75% on Debit & Credit

LOYALTY / GIFT
They focus mainly on the Retail space & offer their merchants a
loyalty platform (something similar to a Clicks card) which means the
merchants who use that service for their customers could not easily
move their card machine away from Sureswipe as their customers
would lose their points gained.
WHY MERCHANTS WOULD SWITCH TO WAPPOINT
If merchants are not using loyalty:
- Beat their rates (they are more expensive than most)
- Offer outright purchase, dedicated account managers, free 09
backups, expo services, flexible packages etc
 WAPPoint

POCKET PRO SPEED POINT TAP ON PHONE

3 PAYMENT METHODS IN 1 STANDALONE DEVICE WITH YOUR NFC CAPABLE PHONE IS
DEVICE, MASTERPASS & TAP ON PHONE
PRINT CAPABILITY YOUR CARD MACHINE

Why WAPPoint?
We offer physical devices and online payment solutions so you get the best deal overall
Service is excellent and each client has their own dedicated account manager
RENT OR BUY OFFERED ON ALL PACKAGES Transaction Fee decreases based on a sliding scale
20+ Years Industry Experience
https://wappoint.co.za/reasons-to-choose-wappoint/
04
 HOW TO BEAT THEIR OFFER:

Yoco
These are great offers and hard to
beat but on all options you have to
purchase a new device each time
the hardware breaks so this can
become expensive in the long run.
As far as we know the transaction
rates are also fixed to staying the
same on debit and credit so this can
be costly to larger merchants who
may benefit more from a separate
debit and credit card rate.
They also don't offer 24/7 support
(only till 8pm) and don't offer free
backups or expo services. None of
their devices print either and many
people complain about the
unreliability of their devices in terms
of Bluetooth connectivity and
cellular data connectivity.
We can also offer rental choices
since they only do outright purchase
and we can offer VIP service.

YOCO NEO (SPEEDPOINT

YOCO GO YOCO PRO
TYPE OF DEVICE)
WITHOUT POS APP INCLUDES POS APP
+- R1999 ONCE OFF + SIM
R499 ONCE OFF R999 ONCE OFF
RENTAL UNKNOWN
FREE DELIVERY FREE DELIVERY
FREE DELIVERY
2.95% DEBIT AND CREDIT 2.95% DEBIT AND CREDIT
2.95% DEBIT AND CREDIT
13
Online
Payments
Competitor
Comparison
Pricing

The pricing in this document is not 100%

accurate and is based on what we have
found in general or at the time of creating this
document. Please take it as a guideline only.
Most of the prices exclude VAT.

Competitors listed in alphabetical order

02
 Banks in General

ECOMMERCE IS OFFERED BY MOST BANKS BUT

ONLY THE MERCHANT ID, NO TECHNOLOGY OR
PLUGINS THAT WE KNOW OF SO MERCHANTS MASTERPASS IS OFFERED BY
HAVE TO GET A DEVELOPER TO INTEGRATE MOST BANKS
THROUGH API'S.
No Monthly Fee and 2.75% Transaction Fee
R0 Monthly Fee
Rates based on turnovers and negotiated per customer
Most banks only offer the merchant account for online HOW TO BEAT THEIR OFFER:
transacting and won't provide the plugins or technical - Offer an all-inclusive service that consists of shopping cart plugins, payment links and
aspects of online payment acceptance so you will need to merchant services
sign up with one of the independent companies to get - No minimum service fees, switching costs, free integration, no payout requests or
their technology and then often pay additional fees to costs etc.
04
them for switching, monthly charges and per transaction - Delivery in 24-72 hours
charges. - Detailed CSV reporting can save merchants a ton in bookkeeping costs.
 Peach Payments

ABOUT PEACH PAYMENTS:

Integration into various
shopping carts and an API
integration option as well.

They do not have any physical

devices though and in order to
order all the bells and whistles
in terms of online payments, a
merchant will have to progress
to their enterprise option where
GROWTH ENTERPRISE the monthly fee is charged

R0pm R199 per month

2.95% Debit and Credit+R1.50 per Rates negotiated based on turnover
transaction
HOW TO BEAT THEIR OFFER:
- We offer all payment solutions under one roof.
- No minimum service fees, switching costs, free integration, no payout requests or costs.
- Delivery in 24-72 hours 05
- Dedicated account managers.
- Referral rewards, beat transaction rates, etc
Payfast
Solutions Offered:
Payment Page + Shopping Cart Integration

Monthly Fee: R0 per month

Transaction Fee: 3.5% plus R 2.00 per transaction
Payout/Settlement Fee: R8.70 per settlement

Features:
They offer a comprehensive online payment solution and integrate
with over 80 different shopping cart platforms. They can give you a
merchant ID within a few seconds but you must become a verified
seller before you can accept payments and must issue a payout
request each time you want to receive your funds.

How to Beat Their Offering:

Their fees are actually rather expensive and cash flow can become an issue if you
have to always request a payout and wait 4 days for funds to clear. They don't offer
any physical card machines so you have to use multiple service providers if you
wish to accept in-person transactions as well. This means your turnover is split and 03
you do not qualify for the best rate possible.
Paygate
Ecommerce

Payment Page PRICING

R99 per month
3.5% Transaction Fees

Scan 2 Pay How To Beat Their Offering:

- We offer all payment solutions under one roof.
- No minimum service fees, switching costs, free integration, no payout
requests or costs.
- Delivery in 24-72 hours
- Dedicated account managers.
- Referral rewards, beat transaction rates, etc
11
 WAPPoint

ECOMMERCE PAYMENT PAGE MASTERPASS

GET PAID BY CARD THROUGH
YOUR ONLINE SHOP
(INCL INSTANT EFT)
Integration to various shopping carts
MONTHLY FEE: R49 PER MONTH.
1ST 30 DAYS FREE
TRANSACTION FEE: 2.95% OR LOWER
PAYMENT WITHIN 2 DAYS
NO SETTLEMENT FEES
GET PAID VIA INVOICES OR SCAN TO PAY QR IMAGE
WHATSAPP A LINK
Why WAPPoint?
We offer physical devices and online payment solutions so you get the best deal overall
Service is excellent and each client has their own dedicated account manager
Most affordable online payment rates in the industry and rates decrease on a sliding scale
20+ Years Industry Experience
https://wappoint.co.za/reasons-to-choose-wappoint/
04
CLICK HERE TO READ MORE
TRADING SINCE THE YEAR 2000
WE'RE 20 YEARS OLD

WAPPOINT
VALUE OFFERING
Creating lasting relationships through
tried and trusted methods

Dedicated Physical card Every client Fast Purchase and

Account machine gets a free turnaround rental choices
Manager for solutions back up times on and short term
every client. offered as payment service, rental plans.
No call centres, well. We're a solution and delivery & Our prices are
you deal with one-stop shop our weekend support very
10
one person for merchants support is top competitive
notch