One of the most frequent requests I receive from entrepreneurs is around low-cost point of sales options. ZipZap looks like a good option, and we asksed ZipZap some questions.
ZipZap looks like an excellent product. Our readers might not know about what ZipZap does. Please give us your elevator pitch?
ZipZap is a portable credit card machine – or mPOS as it’s known – that works wherever you do business. This means that you can take payment with a debit or credit card anywhere, any time. ZipZap works with your smartphone or tablet through a free app that links to a separate secure card reader, and you can have several ZipZap devices linked to one bank account. There are three different payment options on offer to best suit your pocket and cash flow, and the transaction fees are the cheapest on the market.
How does this benefit businesses in South Africa?
ZipZap’s philosophy is all about growing small businesses by giving them a mobile, cost-effective payment solution. After investing in a mPOS device businesses generally report a higher turnover because they no longer turn customers without cash away. They’re also able to reduce bad debt because they don’t have to chase after EFT payments, which ultimately results in better cash flow.
How is it different from products being offered by large banks?
Our products are similar, but what sets us apart is the lowest transaction fees, various payment options, and our latest offer – South Africa’s first free mPOS device for businesses who’s turnover exceeds R25 000 per month in MasterCard or Visa card swipes. You can bank with any South African bank and you do not need a merchant account – we will open one on your behalf and handle all the admin. We also believe that our caring and attentive view to customer service is a big differentiator for us.
Do you have any plans of partnering with larger financial institutions?
ZipZap offers a white label solution to any organisation or financial institution wanting to offer a mPOS solution to their customers. We can provide a complete mPOS solution that includes app development and deployment, card readers, transaction processing, technical support and a customer call centre; all off the back of our tried-and-tested technology and back-end services.
What would the ideal business look like to benefit from ZipZap?
ZipZap has thousands of happy customers that include markets, doctors, health and sports professionals, artisans, retailers, bakeries, hairdressers, beauty salons, micro-breweries, B&Bs, restaurants and many more. If you are a mobile business, don’t want to rely on a fixed point-of-sale terminal or would like a back-up for your traditional POS, ZipZap can benefit you.
Let’s talk money. What does it cost to get started with ZipZap? How is payment processing charged?
We offer three different payment options. All transaction fees are 2,75% (Ex VAT).
- Free ZipZap (worth R1599 ex VAT) if your MasterCard and Visa card transactions exceed R25 000 per month
- No activation fees
- No monthly rental fees*
- 24 month contract (month-to-month thereafter)
* If your MasterCard and Visa card transactions are lower than R25 000 in any month, you will be charged a rental fee of R150 for that month
Buy a ZipZap
- Pay the once-off fee of R1 599.00 by credit card or via EFT
- No monthly rental fees
Rent a ZipZap
- R150 per month
- No activation fees
- 24 month contract charged in arrears (month-to-month thereafter)
- No rental fee if your MasterCard and Visa card transactions exceed R25 000 in any month
If possible, could you provide us with a couple of companies that are using ZipZap?
ZipZap encourages customers to share their mPOS stories. Click here to read one of our many happy customer stories.
For more information visit www.zipzap.co.za