EcoCash tariffs going up in a few weeks, up to 25% increase

Tinashe Nyahasha Avatar
EcoCash Agents, Merchants, Bank to wallet, RBZ, win a cow promotion account hijacks

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 jump is the 25% increase in the fees for paying $1 000 to $1 499. Fees for very small transactions are largely staying the same which must be very transactions anyway given how much our local currency has deteriorated in value. Transactions of $3 000 and above which currently attract a fixed percentage fee are retaining the same fixed percentage fees as well.

The tables below show the comparison between the current tariffs and the new ones coming in Septemeber:

UPDATE: Initially we reported much higher changes because we were using the tariffs that were displayed on the EcoCash website at the time of publishing. However, we have been informed that the tariffs that were so displayed were outdated by several months. We have corrected the figures accordingly.

Tariffs for paying merchants

Transaction ValueOld tariffNew tariff% Increase
$1.00 to $9.99$0.89$0.934.5%
$10.00 to $19.99$1.45$1.524.8%
$20.00 to $29.99$2.06$2.164.9%
$300.00 to $39.99$3.17$3.479.5%
$40.00 to $49.99$4.19$4.190.0%
$50.00 to $74.99$5.69$5.690.0%
$75.00 to $99.99$7.53$7.530.0%
$100.00 to $149.99$7.61$8.9117.1%
$150.00 to $199.99$9.21$11.0019.4%
$200.00 to $299.99$10.41$12.4419.5%
$300.00 to $499.99$10.86$13.0320.0%
$500.00 to $999.99$33.79$42.1724.8%
$1 000.00 to $1 499.99$49.41$61.6625.0%
$1 500.00 to $1 999.99$70.72$84.8620.0%
$2 000.00 to $2 499.99$87.30$104.7620.0%
$2 500.00 to $2 299.99$103.43$124.1220.0%
$3 000.00 to $5 000.001.85%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 ValueOld tariffNew tariff% Increase
$1.00 to $9.99$0.68$0.725.9%
$10.00 to $19.99$1.42$1.494.9%
$20.00 to $29.99$2.10$2.204.8%
$300.00 to $39.99$2.63$2.889.5%
$40.00 to $49.99$3.93$3.930.0%
$50.00 to $74.99$5.31$5.310.0%
$75.00 to $99.99$5.89$5.8915.0%
$100.00 to $149.99$8.01$9.3817.1%
$150.00 to $199.99$11.06$13.2219.5%
$200.00 to $299.99$13.52$16.1619.5%
$300.00 to $499.99$17.87$21.4420.0%
$500.00 to $999.99$34.43$42.9624.8%
$1 000.00 to $1 499.99$52.31$65.2924.8%
$1 500.00 to $1 999.99$73.48$88.1820.0%
$2 000.00 to $2 499.99$91.85$110.2220.0%
$2 500.00 to $2 299.99$110.21$132.2520.0%
$3 000.00 to $5 000.001.91%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 ValueOld tariffNew tariff% Increase
$1.00 to $9.99$1.03$1.084.9%
$10.00 to $19.99$1.44$1.514.9%
$20.00 to $29.99$1.76$1.855.1%
$300.00 to $39.99$2.46$2.699.3%
$40.00 to $49.99$3.37$3.370.0%
$50.00 to $74.99$4.68$4.680.0%
$75.00 to $99.99$6.17$6.170.0%
$100.00 to $149.99$7.76$9.0016.0%
$150.00 to $199.99$8.57$10.2519.6%
$200.00 to $299.99$9.75$11.6519.5%
$300.00 to $499.99$15.31$18.3720.0%
$500.00 to $999.99$31.25$39.0024.8%
$1 000.00 to $1 499.99$46.88$58.5024.8%
$1 500.00 to $1 999.99$65.00$78.0020.0%
$2 000.00 to $2 499.99$81.25$97.5020.0%
$2 500.00 to $2 299.99$97.50$117.0020.0%
$3 000.00 to $5 000.001.85%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

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17 comments

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  1. Uncle Roy

    Eheka Econet….rambai makadaro …Mari inowanda pane imwe mari.Rega isu mbinga tongoti hameno team remaEcocash… isu USD nemaBritish Pounds tichifamba…Matarriff ngaatoita 100%

    1. Anonymous

      D renyu tsano

      1. Anonymous

        Problem hamuna gauro

    2. Anonymous

      Mhata ya mai venyu tsano @uncle roy

  2. Uncle Roy

    Eheka Econet….rambai makadaro …Mari inowanda pane imwe mari.Rega isu mbinga tongoti hameno team remaEcocash… isu USD nemaBritish Pounds tichifamba…Matarriff ngaatoita 100%

  3. Tunable

    M yenyu chibaba hamuna kana kobiri @Uncle Roy

    1. Anonymous

      ko vaugar hanziii …

  4. Ti

    M ehuku mese imimi….. tinyararireiwo

  5. Madzibaba

    Vanhu vaye vatanga milking on an already impoverished society…Who feels it knows it…..

  6. chipax

    let’s unite and fight against ecocash and covid 19 ..ruining our lives

  7. Victoreloaded

    Why kushaudhana guys

  8. Mungoni

    Let’s refuse this daylighr robbery
    Vanyanya

  9. Anonymous

    Techzim I requested an article about current Bank Charges across our local banks, am hoping you’re getting your house in order coz things are shifting gears now.

    1. Tinashe Nyahasha

      Hi, we had a resource page for that. We removed it for now when we had to make changes to the website of r it to work without data. We will reimplement this and other resource pages soon

  10. Support

    Makadini isu hatina zvatinoziva panyaya yeTech zvekudaro.Tinokumbirawo Vangaziye kuti vatiudzewo zvirikupisa uye Tirikutsvaga vanotaura mutauro wemishina vatibatsirewo kutsvanzvanzira saiti redu. Tatenda

  11. Newboy

    Worried mostly about civil servants..salaries..plastic money. Ma one

  12. Inini

    2% inotangira pa 300 here kana kuti after $500