Ecocash is the most used platform for financial transactions in Zimbabwe which everyone probably already knows about. Incase you missed it, Ecocash is a mobile payment solution offered by Econet. Econet can be used for sending money and making online payments among other interesting functions.
The tariffs for USD and ZiG transactions might be confusing for most people especially on a table. Use our simple calculator tool below to do your financial math.
As shown in the image above ecocash charges vary depending on the transaction type and whether or not the user is registered or not. Here are the charges in simpler terms:
| Bands | Sending Money Fee | Bill Payment Fee | Pay Merchant Fee |
|---|---|---|---|
| $1000 - $1499 | 146.42 | 130.10 | 137.10 |
| $1500 - $1999 | 197.73 | 173.46 | 188.72 |
| $2000 - $2499 | 247.17 | 218.64 | 234.93 |
| $2500 - $2999 | 296.58 | 262.38 | 278.33 |
| $3000 - $5000 | 5.30% | 5.50% | 5.40% |
| >$5000 | 5.50% | 5.30% | 5.40% |
As shown in the table above Ecocash charges for ZWL transactions vary depending on the amount. Ecocash charges for other basic operations such as Balance enquiry, account history, bank statement and bank balance enquiry cost $75 each time you perform the operation.
Ecocash Operations such as airtime topup, changing pin and bank to wallet are free of charge. Also note that all transactions above ZWL2500 are subject to a mandatory 2% Intermediated Money Transfer Tax (IMTT).
