Steep EcoCash charges hit small traders

Steep EcoCash charges hit small traders
Published: 11 September 2019 (149 Views)
Traders at Mbare Musika are experiencing reduced sales due to demand for cash and the percentages charged on sales done using EcoCash of between 38 percent to 40 percent.

A survey show that some informal traders are refusing EcoCash payments preferring to sell their wares for cash.

Mr Tendai Nyoka, a second hand clothes vendor said accepting EcoCash payments was difficulty because they would need cash to pay for new orders.

"The people I buy my goods from require cash and if I am to accept EcoCash I will have to change that money into cash and I am charge between 38 and 40 percent for me to get the cash and if I pass on that cost to my clients they simply will not buy because they will be saying my goods are expensive.

"I have been selling clothes for the past seven years in Mbare and the demand was high from customers but with the incoming of the EcoCash percentages things have been tough. Things are not well I thought that I would cash in on the back to school period through the sale of school uniforms but parents cannot afford the EcoCash rate and at the same time they are failing to access cash. Many of the parents are opting to buy uniforms in shops where they can swipe using their cards and are not charged extra," he said.

Mrs Jennifer Magoni, a vendor at Mbare Musika also said load shedding was affecting their businesses because Econet network will be down and less customers are making cash payment.

"The power shortages are a challenge because at times the Econet network will be down and this affects EcoCash payments. As you know many people are using EcoCash these days so it becomes a challenge.

"We hope that the Government will do something on the issue of EcoCash so that our businesses will not be affected since there is cash crisis in the country," she said.



- the herald

Tags: EcoCash, SME, Hit,
 0

You May Like These Videos

Comments

There are no comments.

Latest stories

BREAKING: MIssing Zimbabwe doctor found alive

by Staff Reporter | 19 September 2019 | 216 Views

Matebeleland livestock situation dire

by Staff reporter | 19 September 2019 | 70 Views

'Blanket ban on demos, unconstitutional'

by Staff reporter | 19 September 2019 | 82 Views

Grace Mugabe to make a graceful exit from politics?

by Mandla Tshuma | 19 September 2019 | 147 Views

Bulawayo resumes 48-hour water-shedding regime

by BCC | 19 September 2019 | 96 Views

Mnangagwa's advisors clash over EcoCash

by Staff reporter | 19 September 2019 | 106 Views

Harare gets financial lifeline, what about Bulawayo Prpf Mthuli Ncube

by Staff reporter | 19 September 2019 | 89 Views

NRZ to bring 100,000 tons of maize from Tanzania

by Bloomberg | 19 September 2019 | 75 Views

Zimbabwe to set up billion dollar oil, gas refinery

by Staff reporter | 19 September 2019 | 95 Views

#BringBackDrPeter

by Kubatana | 19 September 2019 | 60 Views

6 traditional questions stalling Mugabe's burial

by AFP | 19 September 2019 | 84 Views

China keen to invest in solar power in Zimbabwe

by Staff reporter | 19 September 2019 | 74 Views

Shawasha Business Complex construction hits a snag

by Staff reporter | 19 September 2019 | 107 Views

Chamisa lines up anti-Mnangagwa protests in New York

by Staff reporter | 19 September 2019 | 99 Views

Zimbabwe needs urgent Cabinet reshuffle

by Justice Zivai Mukupe | 19 September 2019 | 109 Views

Chitembwe's Harare City fail to stop the Green Machine

by Staff reporter | 19 September 2019 | 110 Views

Zimbabwean queen wins Miss Tourism Global crown

by Staff reporter | 19 September 2019 | 63 Views

Mujuru's estate sues tenant

by Staff reporter | 19 September 2019 | 69 Views

Man murders girlfriend, stabs friend

by Staff reporter | 19 September 2019 | 65 Views

Mugabe was a complex man, said Bona

by ZimLive | 19 September 2019 | 79 Views

2 women fined for illegal possession of a gun

by Staff reporter | 19 September 2019 | 63 Views

Highlanders Football Club and Ndebele identity amongst fans in Zimbabwe

by Tobias Guzura & Jefferson Ndimande | 19 September 2019 | 73 Views

Doctors march to parliament

by Reuters | 19 September 2019 | 78 Views

Janet Manyowa arrives ahead of Friends in Christ gospel extravaganza

by Tidi Kwidini | 19 September 2019 | 60 Views

MDC conspiracy exposed

by Claver Nyuki | 19 September 2019 | 91 Views

Of illegal sanctions and global politics

by Peacemaker Zano | 19 September 2019 | 67 Views

WATCH: Bona's moving tribute to Mugabe

by Staff reporter | 19 September 2019 | 79 Views

Nomadic Dutch coach for Bosso

by Staff reporter | 19 September 2019 | 59 Views

Chamisa's MDC takes police head-on

by Staff reporter | 19 September 2019 | 79 Views

Cyclone Idai food donations rotting in warehouses

by Staff reporter | 19 September 2019 | 60 Views

High Court allows doctors' march

by Staff reporter | 19 September 2019 | 58 Views

Speaking ill of the dead? The uncertain legacy of Robert Mugabe

by Tinashe Nyamunda | 19 September 2019 | 65 Views

When a government starts abducting its own doctors…

by Knowledge Hakata | 19 September 2019 | 118 Views

Magombeyi's abduction requires a firm 'Jamal Khashoggi-style' solidarity response

by Tendai Ruben Mbofana | 19 September 2019 | 138 Views

Linda Masarira on Peters Magombeyi's disappearance

by L D Mungwari | 19 September 2019 | 164 Views

Zanu-PF commends ANC for memorial

by Staff reporter | 19 September 2019 | 107 Views

Mavhunga's family shuns Heroes Acre

by Staff reporter | 19 September 2019 | 157 Views

Zivhu defies party directive

by Staff reporter | 19 September 2019 | 173 Views