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KalletPay Transaction Fee Breakdown

At KalletPay, we pride ourselves on providing seamless and efficient fee solutions for businesses, merchants, individuals, and startups.

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We believe in fostering a transparent pricing system

We believe in fostering a transparent and mutually beneficial relationship with our clients, ensuring that every transaction is processed efficiently and fairly. Should you have any further questions or require clarification on our fee structure.

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Pricing that works

Our transparent fee structure ensures that all parties involved in a transaction understand the charges involved. Here’s a detailed breakdown of fees applicable to business users for each successful transaction type:

B2B Request

  • Charge Rate: ₦71.50 per transaction.

Withdrawal

  • Charge Rate: ₦71.50 per transaction.

API Payout

  • Charge Rate: NGN63 per transaction.

Donation

  • Charge Rate: 1.5% + ₦143 per transaction.
  • Payments received below ₦2500 will not incur the 1.5% charge.

Invoice Payment

  • Charge Rate: 1.5% + BUC per transaction.
  • Payments received below ₦2500 will not incur the 1.5% charge.

QR Payment

  • Charge Rate: 1.5% + BUC per transaction.
  • Payments received below ₦2500 will not incur the 1.5% charge.

One-time Payment

  • Charge Rate: 1.5% + BUC per transaction.
  • Payments received below ₦2500 will not incur the 1.5% charge.

Web Payin

  • Charge Rate: 1.5% + BUC per transaction.
  • Payments received below ₦2500 will not incur the 1.5% charge.

Payment Received via Business Bank Account

Charge Rate: 1% of the transaction amount, capped at NGN300.


Example: If a business receives a payment of NGN10,000, the fee would be NGN100 (1% of NGN10,000), which is within the capped limit.

Store Payment

  • Charge Rate: 1.5% + BUC per transaction.
  • Payments received below ₦2500 will not incur the 1.5% charge.

Payment Gateway Fee Structures

Payment Gateway Fee Structure
PayPal USD - International 5% + $3
Fincra NGN - Local 2% + ₦0.00
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Payment Processing Times for Stripe and PayPal

We would also like to remind you that payments received via Stripe and PayPal typically take 5-7 business days to fully resolve for payout or withdrawal. We appreciate your patience and understanding as these processes are completed

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Please note that these charges are applicable per transaction and are subject to change in accordance with our policies and market conditions. Additionally, certain transactions may be subject to regulatory requirements or additional fees imposed by financial institutions. Please don’t hesitate to contact our support team. Thank you for choosing KalletPay for your payment needs.

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