Payment Processing Fees

How is the Payment Processing Fee calculated?

The Payment Processing Fee is 4% of the total amount to be paid + 50 with a maximum of ₦2050. This means that all payments worth ₦50,000 and above will have a Payment Processing fee of ₦2050.

When do I get charged a Payment Processing Fee?

Whenever you're required to make a payment in Naira, a Payment Processing Fee is added to the amount. There are two scenarios in which you can get charged a payment processing fee:
  • When activating a trade to buy cryptocurrency, you're required to pay for the value of the maximum amount you're willing to buy. A Payment Processing fee is added to this maximum amount.
  • When buying cryptocurrency (from another user's trade), the Payment Processing Fee is added to the cost of the cryptocurrency.

What else should I know?

  • The Payment Processing fee is never refunded. The fees are used up to accept your payments via card or directly from your bank account.
  • If you retire a buy Trade Posting that has not yet been completely bought out, a fee of ₦50 will be deducted from the amount refunded to you.

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