NAIRA ACCOUNTS |
Personal account | Business account |
---|---|---|
Merchant verification |
Not Required* *Verification fee of ₦ 1,500/₦ 2,500 required for international wallet funds transfer services. |
₦ 1,500 (with Certificate of business registration) and ₦ 2,500 (with Govt. issued ID cards). |
Transaction fee |
Naira cards = 1.5%. |
Naira cards = 1.5%. |
Withdrawal fee |
0.99% + ₦99. |
0.99% + ₦99. |
Payment via VoguePay wallet funds |
1% |
1% |
Wallet funds transfer (Naira transactions) |
1% |
1% |
Wallet funds transfer (Inter-currency transactions e.g Naira to USD) |
1.5% |
1.5% |
Integration |
Free (fees may apply for customisation) |
Free (fees may apply for customisation) |
OTHER CURRENCIES |
Currency | Business account |
---|---|---|
Merchant verification |
USD |
19.99 |
Transaction fee |
USD |
from 3.8% + 0.50 |
* Transaction fee is subject to industry. | ||
Withdrawal fee |
USD |
1.5% + 5.00 |
* minimum withdrawal amount for USD, GBP and Euro is 1,500. * Extra 30 units of currency surcharge applies for withdrawal less than specified amount. |
||
Payment via VoguePay wallet funds. |
1% |
|
Wallet funds transfer (same currency) |
1.5% |
|
Wallet funds transfer (Inter-currency transactions e.g GBP to USD) |
USD |
1.5% + 5.00 |
*Rate is calculated based on beneficiary’s currency. | ||
Integration |
Free (fees may apply for customisation) |