Everything you need to know about transferring money from your dashboard to bank accounts
Payouts - Bank Transfer (NGN)
Once you have access to your dashboard and your Korapay balance is funded, you can easily make payments to your customers in 5 quick steps:
- Login to your dashboard
- Navigate to the Balance page
- Click on withdraw button below the "Add Funds" icon on the right corner of the page - Click on "To Bank Account"
- Input the amount you want to payout and click on proceed
- Input the account number and select the bank. Once this is done, the recipient is automatically displayed.
Be sure to confirm the recipient's name before selecting the 'Withdraw' button. You can also make withdrawals to your settlement account "i.e the account number you registered with" by clicking on "Or, send to your settlement account" - Once you click on the withdraw button, you would be required to enter a one-time PIN sent to your email to authorize the withdrawal. Once this is done successfully, the payout is immediately initiated.
Payout limits
These are the minimum and maximum limits set on each payout. These limits are the same on the Payout channel.
Currency |
Minimum Amount |
Maximum Amount |
NGN |
100.00 |
10,000,000.00 |
KES |
10.00 |
250,000.00 |
GHS |
10.00 |
10,000.00 |
ZAR |
2.00 |
250,000.00 |
XAF |
500.00 |
500,000.00 |
XOF |
100.00 |
500,000.00 |
EGP |
10.00 |
60,000.00 |
This means that if you're transferring funds from the dashboard, you cannot transfer anything below the minimum or more than the maximum per transfer.
Supported Currencies
We support withdrawals in the currencies stated below:
- Naira (Nigeria)
- Shillings (Kenya)
- Cedis (Ghana)
- Rand (South Africa)
- XAF (Cameroon)
- XOF (Ivory Coast)
- Egyptian Pound (Egypt)
Comments
2 comments
Nice
i am having difficulty using the free mode and its giving me this error message “Kora API authentication failed. Please check your API key” what should i do?
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