EcoCash Charges, Rates & Tariffs in 2020

Ecocash charges

EcoCash is a mobile payment solution that serves Econet customers in Zimbabwe. In this guide, you will discover a detailed list of all EcoCash charges, fees, rates, and tariffs in 2020.

EcoCash Tariffs and Limits

EcoCash

According to a report in The Herald, EcoCash increased daily and monthly transaction limits in March 2020. The monthly limit for subscribers not linked to a debit card rose from $10,000 to 20,000 while the daily limit expanded to $5,000.

Furthermore, monthly limits for customers linked to a debit card and a bank grew to $35,000 and $150,000 respectively. Additionally, the daily limit for debit card-linked customers increased to $10,000, and EcoCash customers in the executive grade category can now carry out monthly transactions of up to $250,000.

The table below indicates a breakdown of current EcoCash tariffs and limits.

LowerUpperBill PaymentSend MoneyCash Out RegisteredPay Merchant
11.990.0380.1100.03
250.620.160.440.26
5.01100.90.440.720.53
10.01201.150.921.350.88
20.0129.991.561.382.041.27
3039.991.931.672.81.88
40.01502.762.313.592.3
50.01603.583.164.743.1
60.01754.223.515.573.87
75.011004.744.747.944.16
100.011505.396.124.74
150.012001.70%7.235.01
200.01299.991.70%7.925.65
300.01399.991.70%8.46.45
400.015009.537.11
500.016001.80%1.70%
600.01700.0051.80%1.70%
700.018001.80%1.70%
800.019001.80%1.70%
900.0110001.80%1.70%

Other Limits

The charges and limits for other EcoCash transactions are as shown in the table below.

TransactionBottom ValueTop ValueCharge
Cash In1500 
Cash Out Registered1100 
Send Money to Registered Customer15000 
Send Money to Non-Registered Customer1500 
Cash Out Unregistered1500 
Airtime Top Up2500 
Airtime2500FREE
Cash In1500FREE
Balance EnquiryN/AN/A1.5
Account HistoryN/AN/A1.5
Change PINN/AN/AFREE
Bank to Wallet11000FREE
Bank Balance EnquiryN/AN/A1.5
Bank StatementN/AN/A1.5

EcoCash Biller, Merchant, and Bulk Rates

ecocash rates

Billers are organisations that receive mobile payments for offering goods and services. Merchants receive mobile payments for over-the-counter transactions.

What’s more, customers can make bulk payments through EcoCash. An example of a bulk payment is paying employees’ salaries.

The tables below indicate the EcoCash charges for biller, merchant, and bulk transactions.

MinMaxBill Payment
1.0150.27
5.01100.39
10.01200.56
20.01300.75
30.01401.04
40.01501.27
50.01752.05
75.011002.71
100.011502.96
150.012003.10
200.013003.37
300.015001.2%
500.011,0001.2%
1000.013,0001.2%
Biller Rates
Lower Upper Tariff
1.001.990.02
2.005.000.16
5.0110.000.32
10.0120.000.49
20.0130.000.71
30.0140.001.05
40.0150.001.55
50.0160.001.91
60.0170.002.27
75.01100.002.32
100.01150.002.7
150.01200.002.81
200.01300.002.84
300.1400.002.84
400.01500.002.84
500.01600.001.60%
600.01700.001.60%
700.01800.001.60%
800.01900.001.60%
900.011000.001.60%
Merchant Tariffs
Bottom ValueTop ValueFee
11500.55
1513000.45
3014500.40
451600+0.35
Bulk Payments Fees

EcoCash Services

Aside from mobile money payments, EcoCash also allows customers to link their digital wallets to their bank accounts. This means that they can transfer money from their bank accounts to their wallets to pay for goods and services.

Additionally, people living abroad can use EcoCash Diaspora to send money to their families in Zimbabwe. The payment solution has partnered with Western Union, WorldRemit, Cassava Remit, AfroCoin, MoneyGram, Mukuru, Call Home, and MTN Zambia to make this service a reality.

Customers using EcoCash can also do the following:

  • Make QR payments
  • Save money individually or as a group
  • Pay bills and school fees
  • Get loans
  • Send and receive money
  • Buy goods and services through merchants and billers
  • Pay employees’ salaries
  • Top-up airtime

To register for EcoCash, you must be above 16 years of age and must have a valid ID, driver’s license, passport, or work permit.

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