This will explain how pricing works on Rave.
Rave is currently available in 5 countries; Nigeria, Kenya, Ghana, South Africa and the United States. Rave can receive payments from any Mastercard or Visa Card user in any country.
|
Payment Type |
Payment Methods |
Processing Fee |
Nigeria |
Local Payments |
MasterCard, Visa, Bank Account, USSD |
1.4% |
International Payments |
MasterCard, Visa, American Express |
3.5% |
|
Kenya |
Local Payments |
MasterCard, Visa, Bank Account, M-PESA |
2.9% |
International Payments |
MasterCard, visa, American Express |
3.5% |
|
Ghana |
Local Payments |
MasterCard, Visa, Mobile money (TIGO, MTN, VODAFONE) |
2.5% |
International Payments |
MasterCard, Visa, American Express |
3.5% |
|
South-Africa |
Local Payments |
MasterCard, Visa |
2.9% |
International Payments |
MasterCard, Visa, American Express |
3.5% |
|
United States |
Local Payments |
MasterCard, Visa, Bank Account |
2.9% |
International Payments |
MasterCard, Visa, American Express |
3.5% |
Processing Fee
N.B
Local payments are deposited in the merchant’s bank account the next day (weekend inclusive).
Also, for local Naira transactions, the processing fees are limited to a maximum value of NGN2,000.