DV
David V

1 reviews | Active since Dec 2015

19 Jan 2024, 16:54

Yoco instant cash

So Yoco prides themselves on the fact that they have a instant payout method and customers dont have to wait for thier money. So here i go. great. Send the customer the payment link. All fair and well. The customer pays. Money in yoco. But thats where it ended. Try to do a instant payment so i can buy the stock. No not authorised as its a bigger amount . Sit on the phone and chat bot for four hours still no end result. I landed up doing a refund and lost R1000 profit forr the day and lost a customer for life. I couldve just asked the customer to do a instant eft into my acc. But thanks to yoco im on the short and bad end of the stick

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Replies (2)
Yoco
Yoco's reply19 Jan 2024, 17:11
Official
Hi David, we apologise profusely for the trouble and for being unable to assist with an instant payout on this occasion. It is a legal requirement that all financial institutions monitor the flow of money. If some or all of your available balance has been flagged, it means we've detected activity on your profile that needs to be handled responsibly for your protection, and the flagged amount is therefore not available for Instant Payouts. 

Best regards,

DV
David V's update19 Jan 2024, 17:24
Reviewer Update
I respect and understand this. However i thought i would grow my bussiness with yoco and now understand that when i have a big job to do is to get my customers to pay directly into my bank acc. This accurance had now cost me a weely order of R4500 and a loss of R1000 every week. Take that over a year and see what this loss has cost me