Transaction Limits on Rave

Here are the limits (in NGN) that apply to the different account types on Rave, for verified and unverified accounts:

Individual accounts 

  • 50,000 per transactions and 200,000 daily cumulative before approval.
  • 500,000 per transaction and 500,000 daily cumulative upon approval.

Registered businesses

  • 200,000 per transaction and 1 million daily cumulative before approval.
  • 500,000 per transaction and unlimited daily cumulative upon approval.

NGOs/Charities

  • 50,000 per transactions and 200,000 daily cumulative upon before approval.
  • 500,000 per transaction and 1 million daily cumulative upon approval.

Increasing transaction limit

Merchants can send an email to hi@flutterwavego.com requesting for an increase of transaction limit, and should contain the following information;

  • The new expected limit
  • Provision of evidence of transaction within the last 12 months (e.g. bank statement)
  • Average monthly transaction volume. Attach Sample Evidence.
  • Merchant website(s) (if not previously provided).
  • Measures merchant will take to prevent fraud and chargebacks on your website?
  • Percentage of payments processed in the past one year has been disputed (if any).

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