A merchant can create an offer to receive payment from a user. Various offers can be created for different purposes and different users or the same user. Peerwallet allows a merchant to create an offer in various currencies and helps in converting this currency into your default currency. Below are the procedures on how to create a new funding offer on Peerwallet.
Click on New Funding offer.
is the type of offer you would love to create either as a funding offer or a withdrawal offer. Funding offer can also be withdrawal offer as they perform the same function. A funding offer is created by a merchant while a withdrawal offer is created by a seller.
is the currency you want to sell. You can sell in a different currency; the system converts whatever currency you choose automatically into your default currency when the user makes payments.
is the mode of payment you want to integrate. There are two types of payment methods; manual and automated method
. An Automated Payment system
appears on the gateway with a double-check mark while The Manual Payment Method
doesn't show on the gateway.
Manual Methods don't show the [AUTO] signs close to the name of the payment method; also, Manual Payment Methods would require a manual process of payment and confirmation.
You would be required to set your API keys for the automated payment method after you have created it, the keys are the required keys for the payment method, and since the system would be connecting to the payment gateway directly you would need to set these keys correctly.
Automated Payment Methods are already integrated into Peerwallet so that Merchants or Sellers can receive payment to this payment method automatically without having to confirm payment from a user. Look below to differentiate between A Manual Payment Method and An Automated Payment Method.
A Manual Payment Method;
An Automated Payment Method;
is the minimum amount you want to receive from a user. A user cannot send you any amount lesser than the value here.
is the maximum/highest amount you want to receive from a user per order.
is the percentage at which you want to exchange your funds. 1.03 means 3%.
: This means you want only sellers who have verified their domain on Peerwallet to be able to make payments to you. If you select the option for only verified domains, your offer won't show on a seller's gateway who hasn't verified the domain on which Peerwallet is being integrated.
: these are the countries selected not to see your offer. Users from the countries you selected won't be able to use your payment gateway. To enable all users, simply select the ALLOW All option.
the users with the selected currencies here are the ones that would see your offer on the payment gateway. To enable all users, please, select ALLOW ALL option.
: industries selected here won't be able to see your offer on the payment gateway. You can also allow all industries to see your offer, to allow all industries, kindly, click on ALLOW ALL.
Time Frame (In Minutes):
This is the time when funds should be locked in escrow. It's the maximum time required for a customer to make a payment. The maximum you can set is 30 minutes.
Restrict By Verification:
This is a restriction by verification where users with a verified account can see your offer or all users depending on your selection.
When you enable this feature and your payment method is automatic, thousands of customers who are checking out from the Peerwallet payment gateway would see your integration offer.
Turn this on when you want this active or off when you want to disable the offer.
Listing Terms & Description:
These are the terms and descriptions which a user must follow with the inclusion of what your offer is all about. You can set your terms and description by writing them in the box below;
Click on Create New Offer.