Fees

SocialMarketPlace doesn’t charge any setup or monthly fees. Making payments is free, but we charge a fee for receiving payments. When you request money to be sent from your SocialMarketPlace account to your bank account, we also charge a Payout fee. You don’t require a merchant account with your bank to use SocialMarketPlace.

Description Fee (excl. VAT)
Setup fee Free
Monthly fee Free
Payout fee to bank account R10.00
Receiving funds
Instant EFT 12%
Credit & cheque cards 12%
MasterPass 12%
Debit cards 12%
Bitcoin 12%
Mobicred 12%
All fees exclude VAT.  We have special rates for large vendors or shops.  Please contact us.