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).