Wired Banking Fees

Welcome to Wired Banking Transaction Charges breakdown

Note: this is subject to review from time to time and transaction charges apply only if addons features are used, (you only pay for what you use)…

1. 1. Kindly Note Wired Banking Does not charge its, users, any hidden fee.

   . Monthly Subscription -? ( depends on your chosen package) this is the only consistent fee.

   1. —————2- 15 item are totally optional——————–
      1. Inward /Virtual account collection fee VIRTUAL ACCOUNT PRICING…
         1. Providus Virtual account      0.75% cap N200
         2. GTB virtual account               0.75% cap N1,000
         3. Coronation Virtual account  0.75% +30 cap N200
         4. Wema Virtual account           0.75% +30 cap N200
         5. Sparkle Virtual account         0.75% +30 cap N200
         6. Asset Matrix Virtual account 0.75% cap N200
         7. VFD Virtual account                1% +10 cap N200
         8. Kuda Virtual account              0.75%  cap N200

   ALL VIRTUAL ACCOUNT HAS INSTANT SETTLEMENT 

   ——————————–

   Please Note:  All cash transactions are totally free..

   such as Cash deposits, Withdrawals, Loan repayment, and investment and it kind.

   you only get to pay if you are using third-party service as listed below!

   ——————————–

   1. Prefund Card : N0
   2. Outward/ Payout- Bank transfer = N25 flat
   3. Loan decision lookup N30
   4. Loan Credit Check – N30
   5. CRC loan Lookup N100
   6. Transaction SMS Alert = N3
   7. SMS Whitelisting to bypass DND= N5k -optional ( Takes 7 – 14 days)
   8. Self SMS API  integration (post/get)- Free
   9. Automated payroll N20
   10. BVN verification  = N70
   11. NIN Verification = N100
   12. Bills Payment – N20
   13. Physical Prepaid card ( Verve)  is now cap at N950 flat.
   14. NGN Virtual card ( Visa) N500 flat.
   15.  USD Virtual card (Master)  $5 flat.

   Physical Card Maintenance
   Every 3 months N100 flat. this is subject to change. Order and Delivery
   You are able to request as minimum as 20 cards. Bear in mind delivery fees apply

USSD CODE CONFIGURATION AND PRICING

Note::  To activate your WBL USSD code you only need to Fund your USSD wallet with minimum ₦2000 only…. all other fees are optional.

1. SERVICE	NARRATION	AMOUNT
   USSD Minimum Wallet Funding	USSD wallet is where you will be debited  ( session fee) whenever your customer dial the code to transact,  and the minimum you can fund is N2000	₦ 2,000
   USSD WBL string  activation	After your code is generated, your USSD code is expected to maintain a minimum balance of N500 to be active and a minimum of N2,000 to fund wallet.	₦500
   USSD WBL string	WBL shared string eg: *234*11*1# – Allow your customer to register via a dedicated code we will assign to your institution. ( This USSD code will only work on Wired Banking server and can’t be transferred)	₦ 20,000
   Shared USSD	To own a Shared USSD for your institution eg:  *234*11# – you are to engage us while we get it activated for your account ( This USSD code can work on any server and ownership  can be transferred)	₦250,000
   USSD dedicated	To own a Dedicated  USSD for your institution eg:  *234# – you are to engage us while we get it activated for your account after applying from NCC ( This USSD code can work on any server and ownership can be transferred)	₦2,500,000
   USSD Session/ usage unit	Each time your customer dials the code, we  charge your USSD balance with us,  likewise, provision option where you enter the amount to charge your customer balance	₦ 6.5

WHATAPP BOT CONFIGURATION AND PRICING ( CLICK HERE TO  SEE HOW IT WORKS)

Note::  To activate your WBL Whatsapp banking for your customers you only need to Fund your Whatsapp wallet with a minimum ₦2000 only…. all other fees are optional. 

S/N	SERVICE	Description	Cost
1	Whatsapp Minimum Wallet funding	Whatsapp  wallet is where you will be debited  ( session fee) whenever your customer completes a transaction via the Whatsapp banking Channel,  and the minimum you can fund is N2000	₦ 2,000
2	Whatsapp Banking  activation fee	Your Whatsapp Banking  wallet balance must maintain a minimum of ₦ 500	₦ 500
	Whatapp Banking  session	Each time your customer completes a transaction, we  charge your USSD balance with us₦1.5kobo,  likewise provision option where you enter the amount to charge your customer balance	₦1.5kobo
	Dedicated own Number	To have WhatsApp banking own your own dedicated  number, possible	₦50,000

WHATSAPP BANKING ;

To have WhatsApp banking on your Dedicated number will cost  N50k

Requirement:

1. full payment
2. provide the special number you want to use
3. business facebook page
4. verified facebook business ID ( optional we can use WBL ID)
5. business address
6. company registration document
7. Bank statement / onepage ( showing your address and business name, with phone)
8. Valid ID card.

(setup duration is 2-4 weeks wait time as approval depends on whatapp!!)

( CLICK HERE TO  SEE HOW IT WORKS) 

POS TERMINAL CUSTOMIZATION  | POS TRANSACTION CHARGE   0.55% –  CAP ₦85 | BANK TRANSFER N18

S/N	SERVICE	Description	Cost
1	Android POS terminal	Deploy your own customized POS terminal  co-branded on your company name and logo	Outright- ₦85,000
2	Analog POS terminal	Set up a POS terminal that is uniquely customized for your business and is co-branded.	Outright- ₦35,500 & 40,500
3	MPOS	–	–
4	Mobile POS	Turn your mobile phone into POS and start accepting Card payment.	–

CUSTOMIZED MOBILE APP

Do you want a customized app with your company name, Logo and color? find the options below.

APP TYPE	COST	DETAILS
LOWO WALLET  MOBILE APP	FREE	Your customers can download the app for free and use it to carry out transactions.
CUSTOM WEB APP	10,000	Assign a subdomain eg: companyname.wba.ng  cost N10,000 …. Customers can register, login, and carry out transactions from your link, and work on all devices.  (setup duration is 30mins).
CUSTOM  LOWO APP  ( Android)	NGN 80,000	To customize our Lowo Wallet  app with  your Business name, Logo, color and upload it on playstore
CUSTOM  LOWO APP  ( IOS)	NGN 100,000	To customize our Lowo Wallet  app with  your Business name, Logo, and color and upload it on the IOS store
CUSTOM WEB APP	NGN 80,000	A dedicated URL or domain ‘ eg: companyname.com, org, or ng   N80k with a two-page website that shows more about your organization * Customers can register, login, and carry out transactions from your website,   (setup duration is 3-7days).

Note: All app options remain active as long you continually renew your subscription on Wired banking Management system.

However, if you prefer a separate project, without monthly renewal, kindly engage us for discussion.
sales@wbalite.com  tech@wbalite.com OR info@wiredbanking.ng

or call: 2349030306672

ATM CARD PRICING ;

1. PREFUND * (prepaid) this card is not linked to a wallet, it requires to be manually funded before usage, .. You can withdraw funds on ATM gallery, POS and pay for services online like a regular ATM card.  Card funding is N20 flatAvailable request options
2. WBA PREFUND :: you are to request the card via your dashboard and we print it out and ship it to your location,,, this option cost N1,000 ( delivery fee exclusive ), minimum request before the print is 2o cards

 

2. CUSTOMIZED PREFUND CARD:

• You are required to pay a connection fee of *(contact us) to WBA CARD BIM
• You are required to pay card manufacturer *(contact us) to design and print 1000 cards which is the minimum you can pay or start with, ( fee are paid to the manufacturer directly after an invoice is raised.

• After manufacture is done.. The card is shipped and stored in the bank,,, whenever you need a card .. you simply make a request and the bank will print the customer name on your blank card and send it back to you to distribute to your customers// pending when you run out of cards,, you will be required to repeat= ii ( bear in mind;  writing customer name on the card cost N100 per card)

3. DIRECT CARD ( SWITCHER)

• You are required to pay a connection fee of *(contact us) to INTERSWITCH CARD BIM

• You are required to pay the card manufacturer *(contact us) to design and print 1000 cards which is the minimum you can pay or start with, ( fee are paid to manufacturers directly after an invoice is raised.

• After manufacture is done.. The card is shipped and stored in the bank,,, whenever you need card .. you simply make a request and the bank will print the customer name on your blank card and send it back to you to distribute to your customers// pending when you run out of cards,, you will be required to repeat= ii ( bear in mind;  writing customer name on the card cost N100 per card)

• 4. SELF CARD CONNECT;;

• • You are required to pay a connection and integration fee of *(contact us) to WBA
  • Provide us with your card APIs and credentials.. only.. We will integrate for you as we believe at this time you have a card manufacturer and processing bank or partner.
  • Note: this option is for only a set of businesses that already have a bank or fintech that agrees to provide them with ATM card API.