Ecocash Agents Now Charging 100% For Cash-Out Since The Cash-In Cash-Out Ban – Report

Ecocash Agents in Harare have reportedly started charging a staggering 100% to patrons looking for hard cash from them. The agents are using ZIPIT, merchant lines, personal lines etc to perform cash-out transactions. One small business owner who confided to a WhatsApp group where Pricecheck is a participant  said:

For small businesses like mine which require hard cash, we rely on those Rogue Ecocash Agents. Banning Cash out has worsened the situation, where I had to pay an extra 35% commission to get my cash via cash out, the agents are now requiring 100 % i.e if i send him $100 into his Ecocash wallet or Zipit account he gives me $50 in hard cash…

Its reported people are charging 100% for notes and 80% for coins. The situation was exasperated by the RBZ ban on mobile cash-in and cash-out transactions. 

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6 comments on “Ecocash Agents Now Charging 100% For Cash-Out Since The Cash-In Cash-Out Ban – Report

  1. If my mathematics is correct thats not 100% i think that one is fifty% if they charge hundred % they give you nothing .ndomafungiro anguwo.

  2. Are these still Ecocash Agents? They are just criminals not ecocash Agents. All ecocash agent are suspended period!

    1. 1. If 10% of $ 100.00 = $ 10 then, 50% of $ 100.00 = $ 50.00 so 100% of $ 100.00 obviously is $ 100.00, sir. Maybe my sums are wrong, I stand corrected.

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