South African Rand Billing

We are in the process of implementing a new credit card processing system for Skyrove payments.

In future, all payments made from within South Africa will be done in South African Rands, instead of dollars. All payments made from outside of South Africa will still be done in US Dollars.

This has the following implications for South African Hotspot Providers:

1. The price per Skyrove credit will be fixed at 0.0702 SA Rands, EXCLUDING VAT. i.e. 0.08 SA Rands INCLUDING VAT.
2. If your company is VAT registered, Skyrove will pay out based on the VAT INCLUSIVE rate. If your company is not VAT registered, Skyrove will pay out based on the VAT EXCLUSIVE rate.

Please provide us with your company details and VAT registration number if you are based in South Africa and need to declare VAT.

All revenues accrued in April will be based on this new system, i.e. the first payment to be made using the new, fixed conversion rate will be made at the end of May 2007.