Can You Receive Dollars on Flutterwave?
The fintech company Flutterwave has emerged as one of the leading players in online payments. However, there is often some confusion about its foreign currency capabilities, particularly in US dollars.
The purpose of this post is to explain whether businesses and individuals can receive dollars on Flutterwave and how it works.
Key Takeaways
Multi-Currency Support: Flutterwave supports multiple currencies, including USD.
Ease of Use: Setting up and receiving dollars is straightforward.
Secure Transactions: Robust security measures protect your transactions.
Understanding Flutterwave
Founded in 2016, Flutterwave offers payment solutions to businesses and individuals across Africa and beyond. With an innovative approach, Flutterwave facilitates secure and seamless transactions.
Can You Receive Dollars on Flutterwave?
The Short Answer
You can receive dollars on Flutterwave. With the platform, users can receive payments from customers and clients worldwide in dollars, including the US dollar (USD).
How it works
Flutterwave’s support for dollar transactions benefits various users.
-
E-commerce Retailers: Businesses selling products internationally can easily receive dollar payments.
-
Freelancers: Individuals providing services to clients overseas can get paid in dollars without hassle.
How to Receive Dollars on Flutterwave
-
Set Up Your Flutterwave Account: Ensure you have a verified Flutterwave account.
-
Select USD as your preferred currency. When setting up your payment links or checkout options, choose USD to receive payments in dollars.
-
Share Your Payment Link: Provide your clients or customers with the payment link. They can pay using their preferred method, and you will receive the amount in USD.
Transfer via USD Cash Pickup in Nigeria
Flutterwave offers a convenient USD cash pickup option for those who prefer physical cash collection.
Initiating a USD Cash Pickup Transaction
-
Log in to Your Flutterwave Dashboard: Access your account.
-
Select Transfer: Click on “New Transfer” and choose “Transfer to USD Cash Pickup.”
-
Enter Transaction Details: Input the amount (minimum $10, maximum $10,000) and recipient details (name, address, phone number, and email).
-
Select Pickup Location: Choose from available banks like UBA, Zenith Bank, FCMB, Polaris Bank, etc.
-
Complete the transfer. Review and confirm the transaction. A unique reference code will be generated for the recipient.
Recipient Process for USD Cash Pickup
-
Notification: Recipients will receive an email/SMS notification with details and a reference code.
-
Visit the pickup location. Proceed to the designated bank branch.
-
Present ID and Reference Code: Show a valid ID and reference code to the bank representative.
-
Cash collection: After verification, cash will be disbursed.
Key Points to Remember
-
Accuracy: Ensure recipient details are accurate to avoid delays.
-
Verification: Transfers above $2,000 may require additional verification.
Frequently Asked Questions
Can I receive dollars on Flutterwave? Yes, you can receive dollars on Flutterwave.
Can I convert received dollars into local currency on Flutterwave? Yes, Flutterwave offers currency conversion services.
Can recipients pick up cash in Naira or other currencies? No, cash pickups are strictly in USD as per CBN regulations.
Is it safe to receive dollars on Flutterwave? Yes, Flutterwave employs robust security measures to protect transactions.
Conclusion: Can you receive dollars on Flutterwave?
Essentially, Flutterwave facilitates international transactions by providing a secure and convenient way to receive dollars. You can receive payments efficiently with Flutterwave’s support for dollar transactions, whether you sell products globally or offer services abroad.
Feel free to leave a comment below if you have any questions or need further assistance. Thanks for reading!
