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How to Process Transactions with Transactpay: Pay with Bank Transfer
At the point of checkout, a Bank account will be generated for your customers to make a payment to the account. The generated bank account is temporary and only lasts for some time, after which the account number becomes inactive and can no longer be ...
Our fees for Collections
Transactpay charges a fee for each payment processed. Fees are assigned based on the currency used and the location of the payment source. Local payments in Naira attract a 1.3% transaction fee, capped at NGN 2,000 per transaction. All payments made ...
Our fees for Naira Transfers and Payouts
Here are the fees for local transfers (Naira): 10 NGN plus 7.5% VAT - for transactions up to N5,000 25 NGN plus 7.5% VAT - for transactions from N5,001 to N50,000 50 NGN plus 7.5% VAT - for transactions over N50,000
Can I pass the transaction fees onto my customers?
Yes, you can pass the transaction fees onto your customers. Transactpay allows you to add these fees to the total amount your customers pay at checkout. You can set this up easily through your merchant dashboard.
Decline chargebacks
This signifies that the merchant has firmly declined any responsibility for reimbursing the disputed amount to the customer. Usually, the merchant would provide a reason for rejecting the chargeback request e.g. a receipt or an invoice, proof that ...