There are two types of accounts in FasteCash.com. Below are the service charges for each type of the account.
Services Charges |
Normal Account User |
Classic Account User |
Opening of account |
FREE |
N7,500 one time fee for lifetime |
Funding of Account |
No charges for funding.
N5.00 for SMS alert |
No charges for funding.
N5.00 for SMS alert. |
Sending of money to other users |
FREE to send money. N5.00 for SMS alert |
FREE to send money.
N5.00 for SMS alert |
Fee on Product/Service Sales |
Cannot sell with FasteCash payment processor |
2.5% of the total amount of product/service + N5.00 for SMS alert |
Fee on Product/Service Sales through Interswitch system |
Cannot sell with FasteCash payment processor |
3.5% of the total amount of product/service + N5.00 for SMS alert
|
Fee on Product/Service Sales through Paypal & Debit/Credit Card system |
Cannot sell with FasteCash payment processor |
10% of the total amount of product/service + N5.00 for SMS alert |
Withdrawal from FasteCash account |
5% on total amount withdraw per time. |
2.5% on total amount. Maximum of N2,500 on any amount of withdrawal made per time. |
Minimum withdrawal per day |
N1,500.00 |
N1,500.00 |
Maximum withdrawal per day |
N100,000.00 |
N200,000.00 |
Note: There is no monthly or account maintenance fees. The fee a merchant (Classic account user) pays is only on any transaction carried out using FasteCash.com payment processor. A merchant pays nothing except he or she makes money. This makes our service a unique one.
