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What does 'Insufficient balance' mean?
It means you do not have sufficient funds in your initiating position/wallet to make the requested transfers and will be required to add additional funds to complete the request.
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
Release Notes: Introducing the Transactpay Dashboard (Version 2.0)
Release Notes: Introducing the Transactpay Dashboard (Version 2.0) We have redesigned our dashboard! This major update focuses on improving your workflow efficiency, enhancing security, and simplifying navigation. We have listened to your feedback ...
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 1.5% transaction fee, with a minimum charge of NGN20, and a maximum cap of ...