When transacting using a money store, the following POCiT charges apply:
POCIT MONEY
· 35c for making a payment and paying a request from a person
· R2.00 for paying a listed beneficiary
· R2.00 for transferring POCiT Money into / out of a bank account and into a credit card
· Receiving payments is free (fair use monthly limits apply*)
BANK ACCOUNT
(Note that when using your bank account to make payment, bank charges will still apply)
· R2.00 for making a payment and paying a request from a person
· R4.00 for paying a listed beneficiary
· R2.00 for transferring POCiT Money in and out
· R2.00 for receiving payments (fair use monthly limits apply*)
CREDIT CARD
· R35c for making a payment and paying a request from a person
· R2.00 for transferring POCiT Money out
· R2.00 for receiving payments (fair use monthly limits apply*)
Paying a request from a business is free, no matter from which money store it is paid.
When paying a traffic fine, a convenience fee of R5 will apply, no matter from which money store it is paid.
A charge of 35c applies for requesting payment.
*The receiving payment limit per month is R3000 from a credit card or R15 000 from any account.
FAIR USE RECEIVING LIMITS
For receiving payments into any money store, fair use monthly limits apply when receiving payment from persons (not businesses). If you exceed these limits, you will be charged 5% of the amount above the limit. Should you wish to receive unlimited person payments, you can upgrade to a premium user. You will then be charged 5% of the value of each payment received. Exceeding the limits 3 months in a row, will automatically upgrade you to a premium user.
FAILED / REVERSED PAYMENTS
R20 for a failed / bounced payment / load from a bank account
R20 for a reversed payment from a bank account / credit card
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