Articles on: My first steps with KeeCash

KeeCash pricing and fees

Card Pricing

The price of a KeeCash card is $10 in your local currency, for example 6000 FCFA for countries that depend on the BEAC and the BCEAO and the rate.
This price is payable only once on activation while for other recharges you will only have to pay the refill fee.

1) Deposit fees ➡️
2) Reloading fees ➡️
3) Withdrawal fees ⬅️
4) Transfer fees ↔️

2) Reloading fees

The minimum charge for a card is 1 Euro.
- KeeCash fees:

For each refill you pay a fee of 2% + 0.99€ + Gas fee 20%.
Gas fees are variable fees to send your money to Europe: These fees are listed in the app. Our team is working hard to reduce these costs (see explanation below).
With each refill you have the details of the fees indicated before going to the payment. See the image below:

KeeCash fees

Explanation of fundraising (Gas Fee):

KeeCash cards are generated in Europe, that's why they're topped up in euros. This has the advantage of saving you exchange fees of up to 20% at some African banks, not to mention your expensive trips and painful queues. If you’re using other cards, you’ve certainly dealt with that before.
When you pay with Mobile Money, your money is received in Africa and KeeCash must send this money to Europe to reload your card. This has a significant cost and is represented by Gas fees.

The KeeCash team is working to reduce its Gas fees or even to eliminate them as the project evolves.

Note: The term <<Gas>> comes from the world of cryptocurrencies, the cyptocurrency Ethereum precisely, where transaction fees will be paid by the person who buys the crypto to put it in his electronic wallet and in particular electricity charges. These costs do not come back to the cryptocurrency vendor but captured by cryptocurrency miners to remain profitable in the face of the cost of electricity.
The total amount to be paid also depends on mobile money charges depending on the amount each mobile operator sets in your country.

You can go directly to the application to do your simulations to have the exact amount you will have to pay according to the amount you want to reload.

- Mobile money fees

These costs vary depending on the operator chosen. For example if your mobile money is Airtel money Gabon: for 5 Euro you pay 100 XAF as shown below.

Mobile money fees

3) Withdrawal fees

The minimum withdrawal amount of a card is 5 Euro.
For each withdrawal you pay a fee of 3% + 0.5 Euro + fees paid to your operator.

Withdrawal fees

4) Transfer fees

a) Transfer between cards of the same account

No fees are charged on the transfer between cards of the same account.

b) Account to Account Transfer

For each transfer you pay a fee of 3%+ 0.5 Euros
Account Transfer fees

KeeCash agrees not to charge you any management and account maintenance fees. With your online payments, rest assured, you have an international credit card that does not deduct any fees from your transactions. KeeCash only charges the above fees.

Updated on: 25/09/2023

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