Frequently Asked Questions
Here is a list of the commonly asked questions by users and customers, they will guide you through using the platform.
Peerwallet is a global Finance Market place where everything is achieved on a person-to-person model.
A person-to-person or a peer-to-peer payment system that makes it possible for anyone to receive, transfer & spend funds easily from anywhere and all from one place.
Imagine a wallet where you can fund with Paypal, Mastercard, Visa, Local Bank Transfer, Venmo, Cash APP, Neteller, Wire, Paystack, Flutterwave, Stripe, PayU, Paytm, Skrill, Square, Payoneer, Alipay, and 250 more options! All together makes Peerwallet a global payment system that can be used by all and accepted by all.
There are 3 type of account privileges on Peerwallet;
Merchants: They are verified & approved individuals or Companies who provide funding, withdrawals, and other services on the Market place.
Sellers: They are those who have integrated Peerwallet to accept payments from their website or sellers who are receiving payments without a website, either selling offline or whichever method.
Users: They are the everyday users of Peerwallet, people who pay online, spend, withdraw, and so on.
Interestingly, one can be all at the same time, you can be a Merchant, Seller, and also a User; it requires just some additional verifications and commitments.
Peerwallet has been designed to work around Merchants, they are those who fund and complete withdrawals. They exist so that global adaptation can be easily achieved. The funding and withdrawal process is fully escrowed so your funds are fully safe.
Peerwallet charges are as low as 0.1% per transaction. The transaction here include; funding, withdrawal, transfer of funds, accepting payments e.t.c
There are over 300 payment methods comprising Bank transfers, Cash in shops, Giftcards, Electronic Payments, and many more. This has made it possible for users around the world to be able to use Peerwallet with lots of funding and withdrawal options.
No! Funds on the Peerwallet platform have already been converted to Fiat from our custom coin. Funds on Peerwallet are fully backed by cash.
Create an account to get started. Peerwallet has been intelligently built and structured to solve most financial problems around the World, we are glad and eager to see you try Peerwallet!
Yes, there are more than 10 ready plugins you can quickly integrate into your shopping cart, we have developed the popular ones. You can also integrate Peerwallet using a custom integration via our API system. Please navigate HERE for API & Plugins
When you accept payment with Peerwallet, funds received are available for withdrawal immediately. No waiting, no additional verification needed.
No!. Funds on Peerwallet are final they are irreversible. So funds added to the Peerwallet wallet can be spent at will and cannot be charged back.
Peerwallet uses the peer-to-peer system for withdrawal also, and you would be transacting with verified & approved Merchants only on Peerwallet.
All you need is a registered account. Verified and non-verified accounts can accept payments, but non-verified accounts can only do this with lots of Limits. We do not accept websites selling the following; Guns, Hard Drugs, Fraudulent services, etc. Please read our terms and conditions for more info
Here is a list of the commonly asked questions by sellers, they will guide you through using the platform.
Here is a list of the commonly asked questions by Merchants, they will guide you through to use the platform.
Peerwallet has been designed to work with Merchants, they are those who fund and complete withdrawals. They exist so that global adoption can be easily achieved. The funding and withdrawal process is fully escrowed so that funds are safe.
There are 2 types of Merchants;
(1) Individual Merchants: They are merchants without any corporate entity. They are verified as an individual and their limits are lower compared to the Corporate Merchants.
(2) Company/Corporate Merchant: They are verified corporate entities with high transaction limits. Users will see the Company Verified seal when searching for Merchants. Also, they are more trusted because of the verification type.
Basically, merchants make money from exchange profits. There are lots of opportunities it provides. You can exchange via different currencies also with different payment methods to make a profit.
For Example, you can set a 3% profit each time you want to fund or withdraw for a user. You could sell 1EUR for 1.03EUR. This means you would make a 3% profit from every funding or withdrawal. You can set your price at will.
Peerwallet already has its user base who are requesting funding and withdrawals daily. You do not need to advertise again for funding on the platform. But to expand your Merchant business profits, you can encourage local users to fund and withdraw via your channel on Peerwallet.
On Peerwallet all users must select one default currency, but as a Merchant, you can sell or buy from any currency. We use official exchange rates for conversion, making it possible to exchange any currency in the world.
We are open to more suggestions on payment systems that can be used for funding or withdrawals. In other to add more payment methods, please create a new ticket from your Dashboard with the suggested payment method.
First you should head to the Merchant's Page to learn more and then apply from there.
Create your Peerwallet account today!One Account For All!