Raiz

Transparent fees forglobal transfers

Low fees on remittances, currency swaps, and international transfers. No hidden charges—just transparent pricing that beats traditional banks.

Local rails pricing

Transfers

Transfers of NGN 5,000 and below
NGN 10 per transfer
Transfers between NGN 5,001 and NGN 50,000
NGN 25 per transfer
Transfers above NGN 50,000
NGN 50 per transfer

Virtual Accounts

Dedicated Virtual Accounts (DVA)
1% per transaction (capped at NGN 300)

Virtual Terminal

Transfers
1% capped at NGN 300
USSD Transactions
NGN 100 waived for transactions under NGN 2,500
1.5% + NGN 100 capped at NGN 2,000
Local Card Transactions
NGN 100 waived for transactions under NGN 2,500
1.5% + NGN 100 capped at NGN 2,000
International Card Transactions
3.9% + NGN 100

Physical Terminal

Live SmartPeak P1000
NGN 100,000 per device
Test SmartPeak P1000
NGN 85,000 per device
Card Transactions on Terminal
0.5% capped at NGN 1,000
USSD Transactions on Terminal
NGN 100 waived for transactions under NGN 2,500
1.5% + NGN 100 capped at NGN 2,000

Get one plan to run your entire business

Square Pro
Get custom pricing
If you process over $250,000 per year, talk to our team to see if you’re eligible for custom pricing and processing fees. You can also ask about hardware discounts, onboarding and implementation support, technical specialists, and account management.

FAQ

Save on processing fees with Raiz