What is pricing for Rave


#1

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.