Flutterwave Transaction Limits: Welcome to TeezabTech.com.ng, your trusted source for all things tech! If you’re using Flutterwave for your online transactions, you might be wondering about its transaction limits.
Flutterwave, a leading financial technology company, provides seamless payment solutions to businesses and individuals across the globe.
Understanding the transaction limits is crucial for ensuring smooth and efficient transactions without any surprises.Â
Recommended Posts:
- What Cards are Accepted by Flutterwave
- Does Flutterwave Require BVN
- Is Flutterwave approved by CBN
- Can you Receive Dollars on Flutterwave
- How Does Flutterwave Work
In this post, we will talk about Flutterwave’s transaction limits, how they work, and what you need to know to make the most out of your payments.
Understanding Flutterwave Transaction Limits
Flutterwave sets transaction limits to regulate the amount of money that can be transacted within a certain period.
These limits are in place to ensure the security of transactions and to comply with regulatory requirements.
The transaction limits may vary depending on factors such as the type of account, the level of verification, and the payment method used.
Flutterwave Transaction Limits
Flutterwave Individual Accounts Limit
N500,000 per transaction and N500,000 daily cumulative.
Flutterwave Registered Businesses Limit
N500,000 per transaction and unlimited daily cumulative.
Flutterwave NGOs/Charities Limit
N500,000 per transaction and N1 million daily cumulative.
Do Transaction Limits Vary Depending on the Country or Region?
For other currencies or countries, the NGN equivalent of the amount above will be applied per currency.
How to increase your Flutterwave Transaction Limit
Send an email to hi@flutterwavego.com requesting an increase in your transaction limit. The email should contain the following details:
- The new expected transaction limit
- A screenshot of your valid ID card and a selfie of you holding your ID card
- The reason for the limit increase request
- Merchant website(s) (if not previously provided)
Frequently Asked Questions – FAQs
How do I check my transaction limits on Flutterwave?
You can check your transaction limits by logging into your Flutterwave account and navigating to the settings or account section. Here, you’ll find information about your current transaction limits and any applicable restrictions.
How many transactions does Flutterwave process?
As of March 2021, Flutterwave had processed 140 million transactions worth over $9 billion. By February 2022, the number of transactions processed had increased by over 40% to 200 million transactions with transaction value increasing by 78% to $16 billion.
Can I increase my transaction limits on Flutterwave?
Yes, you may be able to increase your transaction limits by sending an email to hi@flutterwavego.com requesting an increase of your transaction limit. The email should contain the following details: The new expected transaction limit, a screenshot of your valid ID card and a selfie of you holding your ID card, the reason for the limit increase request, and merchant website(s) (if not previously provided).
Can I request a temporary increase in my transaction limits for a specific transaction?
In some cases, users may be able to request a temporary increase in their transaction limits for a specific transaction by contacting Flutterwave’s customer support team and providing relevant information and documentation.
TeezabTech Conclusion on Flutterwave Transaction Limits
In conclusion, understanding Flutterwave’s transaction limits is essential for ensuring smooth and efficient transactions.
These limits are in place to regulate the amount of money that can be transacted within a certain period and may vary depending on factors such as account verification, business type, and payment method.
By familiarizing yourself with Flutterwave’s transaction limits and staying informed about any updates or changes, you can make the most out of your payments and enjoy a seamless experience.
If you have any questions regarding this post simply leave us a comment in the comment box below and we will get back to you as soon as possible. Thanks for stopping by!
See Also:
- Which Countries Accept Flutterwave Payment
- Does Flutterwave Work in USA
- Is Flutterwave a PayPal
- Does Flutterwave accept NIN Slip
- is Flutterwave Legit or Scam
Meet Tiamiyu AbdulBazeet Olawale, popularly known as Teezab, a blogger who loves writing about tech, education, cryptocurrency, telecoms, and finance. He studied Electrical and Electronics Engineering at the University of Ilorin. With his mix of tech skills and creativity, Tiamiyu aims to share useful info in a fun way that everyone can enjoy.