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
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TWD Payouts
Our Payout Solution enables businesses to quickly and securely disburse their collected funds to their bank account or multiple recipients with automated transfers. It simplifies the disbursement of funds, whether for vendor payments, employee wages, ...
Which currencies are supported for bank transfers?
Bank transfers support only payment in Naira.
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 ...
Can customers set up recurring payments with bank transfers?
Currently, customers can't set up recurring payments with bank transfers.
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.