Charges
.
Information
| DESCRIPTION | CHARGES |
|---|---|
| Point of Sale (POS) terminals are integral components of the Bank's merchant services offerings, designed to streamline payment acceptance for businesses across various segments. | Free |
| The bank offers reliable, customized Android terminals which primarily process card payments & Pay With Transfer | Merchant Service charge (MSC) & 0.5% of transaction Amount (capped at N1,000) |
| The Bank's POS terminals are very flexible for the integration of different value-added solutions | Value Added Tax (VAT) & 0.75% of MSC |
| DESCRIPTION | CHARGES |
|---|---|
| The product ensures seamless Pay With Transfer to merchants. | Statutory Stamp Duty & NGN50 on every transaction of NGN10,000 and above |
| In addition to the deployment of a customized decal with the Business account details, VPSInstore supports customized transaction notification to the merchants for instant confirmation by proxy. | Merchant Service charge (MSC) & NGN50 on every transaction of NGN10,000 and above |
| Transactions below N5,000 | N10 |
|---|---|
| Transactions between N5,001 – N50,000 | N25 |
| Transactions above N50,000 | N50 |
| Search report | 10,000 naira |
| COT | one naira permille ( Negotiable) |
| Stamp duty | (50 naira for 10k and above inflow) |
| Cheque Leaves on request | ( 50 leaves 2000naira) (100 leaves 3000naira) |
| Card Request | N1,000 for Classic Mastercard and Verve Variants; N5,000 for Platinum Mastercard. $500 for World Card. Please contact your Relationship Manager for premium card fees. |
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