Articles on: Toco for business
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Using Toco as a business

What fees are charged on payments received?

It is free to receive payments in tocos.

What happens if a payment amount is incorrect?

If you are underpaid, you can run a second transaction for the additional amount. If you are overpaid, it is your responsibility to reimburse the customer. Toco transactions cannot be reversed.

Can I link toco to my current point of sale system?

Not at this time. In relation to an existing point of sale system, toco transactions can be treated as cash sales, but with the benefit that all transactions are recorded in your digital wallet.

Where do I get my QR code?

You can also access your code digitally, at any time. From your wallet dashboard, click the ‘Receive’ button. This will open your QR code and give you the option to download it. You can then attach it to invoices or if you run a physical point of sale then we recommend that you print it out and put it in a perspex stand for easy access by customers.

How do I receive payments from my customers?

Every toco wallet has a unique wallet key, which can be downloaded or printed as a QR code. Your customer will simply scan your QR code with their toco app, enter the amount they owe and process the payment.

Note that customers can also pay you from anywhere if you share your wallet key with them.

Updated on: 22/02/2024

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