It costs nothing to send or receive money using what’s in your Cashloop eWallet.
*To successfully achieve ZERO fees, you need to top up your Cashloop eWallet with a minimum of R200 via the direct EFT method. If you top up your eWallet via the app you will incur a 6% service fee. All withdrawals in the app are charged a 2% service fee.
To sign up
To send money
The Cashloop app is free to download and use. If you choose to top up your eWallet via direct EFT you will not be charged a service fee.* If you top up your eWallet via the app there is a 6% service fee. All transactions and payments thereafter are 100% free of charge.
There is no need to withdraw funds as a User, but if you really want to, there is a 2% withdrawal fee. Please refer to our Terms & Conditions for more information.
Your app download includes the following services:
*Direct EFT transfers are subject to bank delays. EFT’s can take up to 48 hours to show in your Cashloop eWallet.
Accept Cashloop payments in your app, online, or in-person and tap into our active community of South African users. Let customers pay you the same way they pay their friends on Cashloop. It’s the safest way to do business. To become a Merchant with Cashloop is 100% free of charge, the only fee you pay is when you withdraw funds from your digital eWallet (2% withdrawal fee).
Please refer to our Terms & Conditions for more information.
Your Merchant portal access includes the following services:
The above information is a basic overview of the pricing associated with the Cashloop app. Please refer to our Terms & Conditions for further information about the functionality and fees associated with using our service.