A point-of-sale unit at a market stall used to be limited to high-turnover stands, due to the high daily rental costs and heavy transaction fees. This meant smaller businesses couldn’t afford to accept card payments, inevitably losing out on sales as more and more people prefer to carry cards rather than cash. Enter Yoco, a small wireless handheld device that charges a once-off fee and works in conjunction with an app on your smartphone. The company prides itself on what it calls proactive customer service, which means it watches its systems and if it sees there’s a potential problem with a unit, they’ll call you with a solution before you even know you have a problem.
VERDICT: Nifty gadget for handling card payments in any situation. Price: R1 499 once-off for the Yoco Wireless Lite card reader, thereafter 2.95% or less per transaction. Yoco.co.za