Here are the limits (in NGN) that apply to the different account types on Flutterwave, 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).