As simple as 1-2-3
It takes only few steps to get your money directly in your bank account!
Load your balance from the Marketplace or receive payments from another Peerwallet user.
Enter how much you want to send, select your preferred merchant, and enter your bank details.
Confirm details, exchange rate, and fees; your funds would be on the way!
Why choose us?
Here are top 4 reasons why you should send money using Peerwallet's P2P Remittance Marketplace.
Easy to use
User friendly interface making navigation easy and straightforward
All Bank payments on Peerwallet are fully Escrowed!
You have options to choose from merchants with the lowest fees
We have put in place several measures to ensure that our customers' funds are secure
How it works
This is a P2P remittance system where approved merchants are involved in sending withdrawals to users who want to withdraw or send Bank payments. These merchants are verified individuals or companies from several regions who make it possible for you or your recipients to receive payments locally via Bank transfer.
Anyone with a Peerwallet balance can send Bank payments, as long as there are available Merchants in your chosen region.
If you want to load your Peerwallet balance, you can do so from the Market Place with several payment methods. The Market place makes P2P funding possible, where approved Merchants are also able to help you fund your Peerwallet account via local payment methods.
Sending Bank payments from Peerwallet is safe, any Merchant sending payments have been verified and also has some security deposits with us. Security deposits are funds locked by Merchants to cover for unforeseen transaction failure, and to increase trust among peerwallet users. The minimum lock for Merchant issuing a Bank transfer is $3,000 and the withdrawal amount’s equivalent in the Merchant’s balance.
Illustration: If you want to withdraw $10,000 for example, only Merchants who have a balance of $10,000 in their peerwallet balance would be able to initiate the withdrawal. This guarantees the equivalent lock for Escrow purposes.Withdraw money now