Where previously an EcoCash user had a daily spending limit of US $500, the amount has been increased to $1,000. The new daily spending limit is inclusive of all financial transactions except cashing-in – depositing money into one’s own account. The monthly transaction limit, which was $2,000, has been increased to $3,000.
The changes come as Econet rolls out its new merchant services. The merchant to merchant daily and monthly limits are $5,000 and $10,000 respectively.
Here’s a table of the new EcoCash transaction limits:
|
Transaction type |
Daiy maximum (USD) |
Monthly Maximum (USD) |
|
Cash-In |
1,000 |
3,000 |
|
Cash-Out (registered customers) |
1,000 |
3,000 |
|
Cash-Out (unregistered customers) |
500 |
2,000 |
|
Send Money to a Registered EcoCash User |
1,000 |
3,000 |
|
Send Money to a Non-Registered EcoCash User |
500 |
2,000 |
|
Airtime Top Up |
500 |
3,000 |
|
Bill Payment |
1,000 |
3,000 |
|
Pay Merchant |
1,000 |
3,000 |
|
Receive money |
1,000 |
3,000 |
|
Bulk Payment-Receive Salary/Grant/Aid |
N/A |
3,000 |
|
Merchant to Merchant |
5,000 |
10,000 |
One response
I am happy with such development though the Econet rates are not pleasing on thier billing per minute