PRODUCTS AND SERVICES TARIFF
Last Update: October 5, 2021
1. Additional Fees
Additional fees include those:
Iyiebo Pay Method:
1. Authorization (used by Merchand,Business Account,Organization)
Our charge fees is based on Domestic and Cross-border service. By domestic we mean country where Iyiebo Pay office are located. By Cross-border mean the location where we are not located but we have some affiliated company.
Platform | Method | Category | Domestic rate | Cross-border rate |
Web & Mobile | PoweredByBuyer |
All | 1.65 % + $0.10 | 1.65% + $0.10 |
Web & Mobile | PoweredSeller |
Merchant,Businesses | 2.0% + $2.0 | 2.0% + $2.0 |
Web & Mobile | Authorization | Merchant,Businesses | 2.1%+$2.1 | 2.5%+$2.4 + tax if any |
Web & Mobile | DoDirectDeposit | All | 1.65%+$0.165 | 2.5%+$2.1 + Tax if any |
Web & Mobile | Withdrawing | All | 1.65%+$0.10 | 2.5%+$2.5 + Tax if any |
Web & Mobile | Transfer Service | All | Free + Requirement | $1 + Restriction if any |
Buyer's processing cost is always cheaper like Amount X 1.65%+$0.10 , and all Iyiebo Pay chargeback cost are paid in USD or converted to usd from your local currency detected in your account.
ACCOUNT MANAGEMENT | TRANSACTION RATE | ACCOUNT TYPE | ||||||||||||
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Account opening fee | Free |
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Currency supported per account |
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Personal & Businesses or Merchand, Unlimited currencies applied to Merchant account |
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Account closure charge |
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Personal & Businesses | ||||||||||||
Bank statement printed copy |
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Personal & Businesses | ||||||||||||
Account balance certificate |
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Personal & Businesses | ||||||||||||
Audit certification |
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Personal & Businesses | ||||||||||||
Certificate of good standing |
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Personal & Businesses | ||||||||||||
Certificate of undebtedness |
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Personal & Businesses | ||||||||||||
T-bills/Bonds submission Retail |
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Personal & Businesses | ||||||||||||
T-bills/Bonds submission corporate /business |
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Businesses |
WIRE TRANSFERS (International) | TRANSACTION RATE | ACCOUNT TYPE | ||||||||||||
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Retail,Corporate,Businsesses |
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Business | ||||||||||||
Recalling funds | Free | Business |
RETAIL BANKING | TRANSACTION RATE | ACCOUNT TYPE |
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Annual management fee | Free | Business |
Monitoring fee | Free | Business |
CORPORATE & BUSINESS BANKING | TRANSACTION RATE | ACCOUNT TYPE |
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Annual management fee | free | Business |
A. Currency Conversion Fee;
B. Withdrawing your Balance Fee;
C. eCheck Fee;
D. Charge back Fee;
E. Credit Card and Debit Card Confirmation Fee;
F. Records Request Fee.
Warning About, Callback Bank/Credit Card Fees. Once you connect your Bank account,Credit and debit card to IPay, your bank and credit or debit card company may charge you fees for sending or receiving funds through IPay. As, you may be charged currency conversion amount, international transactions amount, or other fees including your transaction is domestic mode, and does not require a currency conversion. As Iyiebo Payment Parocessor, we are not liable for any fees charged to you by your bank, credit or debit card company based on your usage of IPay. If your transaction was made only through IPay to IPay Account you will gain some no charge in domestic mode.
1.Commercial Payments Account Fee
Include A payment for the sale of goods or services,payment that was sent to,received by,a business,other commercial or non-profit entity
eCheck Fee All African countries except Rwanda,DRC,Burundi,South Sudan Rate in fees.
African payments: | Fixed fee:$40.00 USD |
All other International countries: | Fixed fee:$45.00 USD |
eCheck Fee For Rwanda,DRC,Burundi, South Sudan Rate in fees.
CEPGL payments: | Fixed fee:$20.00 USD |
Charge back Fee All African countries Rate in fees.
African payments: | Fixed fee:$1.85 USD |
All other International countries: | Fixed fee: $1.95 USD |
2. A payment received after the Seller has used the "Remind Payment" button on Iyiebo Pay
Country | Currency | Ipay Charge Fees |
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Congo (DRC) | Franc Congolese | Fc 1700 |
Rwanda | Franc Rwanda | Rwf 1700 |
Burundi | Franc Burundi | Bf 2000 |
South Africa | ZAR (RAND) | R 25 |
South Sudan | SSP | SSP600 |
No Listed Country | USD Dollar | $ 1.78 |
3. Asking Iyiebo Pay to make payment at your behalf for digital goods (online Ticket,e-book and more..).
Country | Currency | Ipay Charge Fees |
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Congo (DRC) | Franc Congolese | Fc 1000 |
Rwanda | Franc Rwanda | Rwf 1000 |
Burundi | Franc Burundi | Bf 1600 |
South Africa | ZAR (RAND) | R 20 |
South Sudan | SSP | SSP600 |
No Listed Country | USD Dollar | $ 1.5 |
4. Asking Iyiebo Pay to verified for you, your destination identity before any transaction
Country | Currency | Ipay Charge Fees |
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Congo (DRC) | Franc Congolese | fc 5000 |
Rwanda | Franc Rwanda | Rwf 3000 |
Burundi | Franc Burundi | Bf 6000 |
South Africa | ZAR (RAND) | R53 |
South Sudan | SSP | SSP2000 |
No Listed Country | USD Dollar | $4 |
5. Personal Payments Fee
Iyiebo Personal Account Payments are payments to supplier is bills, friends or family members such as your share of the rent or a dinner bill.
6. Refund Fee
Iyiebo Pay Service | Location/Country | Type | Commercial Payments Fee | ||
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Iyiebo Pay Refunding a Commercial Account Payment | All countries | Rate in fees |
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