Accept bank transfer payments through virtual accounts for various currencies and banking systems. This guide covers the initialization process for bank transfer payments.
Bank transfers are asynchronous - after initialization, you’ll receive a virtual account where the customer can deposit funds. Webhook notifications will inform you of the transfer status.
All major Nigerian banks
Instant virtual account generation
Real-time transfer notifications
Processing time: 1.5 - 10 minutes
SWIFT transfers
ACH (US only)
Wire transfers
Processing time: 1-3 business days
Payment amount in minor units (e.g., cents, kobo)
Minimum: 100
Must be positive integer
Example: 10000 = $100.00 USD
Three-letter ISO currency code
Supported: NGN, USD, CAD
Must match payment method
Example: “USD”
Customer information object
Payment description
Maximum length: 200 characters
Will appear on statements
Unique transaction reference
Must be unique per transaction
Maximum length: 50 characters
Order information object
Optional additional data
Transaction Limits may vary based on
Account verification level.
Transaction history.
NGN Transfers
Minimum: ₦100
Maximum per transaction: ₦5,000,000
USD Transfers
Minimum: $10
Maximum per transaction: $50,000
Transfer processing times vary by:
Bank type (local vs international)
Time of day
Transaction volume
Bank system availability
Currency | Transfer Type | Typical Processing Time |
---|---|---|
NGN | Local | 1.5 - 10 minutes |
USD | ACH | 1 - 3 business days |
USD | Wire | Same/Next business day |
USD | SWIFT | 3 - 5 business days |
400 - Invalid Request
422 - Validation Error
Unique References
Use unique, idempotent references for each transfer
Include your internal order ID in the reference
Store the payment ID returned in the response
Webhook Integration
Implement webhook handling for transfer status updates
Process webhooks asynchronously
Verify webhook signatures
Error Handling
Implement proper retry logic
Handle timeouts gracefully
Log all errors with payment references
Customer Communication
Display virtual account details clearly
Show transfer instructions
Set clear expiration times
Review the
Check our
Contact
Accept bank transfer payments through virtual accounts for various currencies and banking systems. This guide covers the initialization process for bank transfer payments.
Bank transfers are asynchronous - after initialization, you’ll receive a virtual account where the customer can deposit funds. Webhook notifications will inform you of the transfer status.
All major Nigerian banks
Instant virtual account generation
Real-time transfer notifications
Processing time: 1.5 - 10 minutes
SWIFT transfers
ACH (US only)
Wire transfers
Processing time: 1-3 business days
Payment amount in minor units (e.g., cents, kobo)
Minimum: 100
Must be positive integer
Example: 10000 = $100.00 USD
Three-letter ISO currency code
Supported: NGN, USD, CAD
Must match payment method
Example: “USD”
Customer information object
Payment description
Maximum length: 200 characters
Will appear on statements
Unique transaction reference
Must be unique per transaction
Maximum length: 50 characters
Order information object
Optional additional data
Transaction Limits may vary based on
Account verification level.
Transaction history.
NGN Transfers
Minimum: ₦100
Maximum per transaction: ₦5,000,000
USD Transfers
Minimum: $10
Maximum per transaction: $50,000
Transfer processing times vary by:
Bank type (local vs international)
Time of day
Transaction volume
Bank system availability
Currency | Transfer Type | Typical Processing Time |
---|---|---|
NGN | Local | 1.5 - 10 minutes |
USD | ACH | 1 - 3 business days |
USD | Wire | Same/Next business day |
USD | SWIFT | 3 - 5 business days |
400 - Invalid Request
422 - Validation Error
Unique References
Use unique, idempotent references for each transfer
Include your internal order ID in the reference
Store the payment ID returned in the response
Webhook Integration
Implement webhook handling for transfer status updates
Process webhooks asynchronously
Verify webhook signatures
Error Handling
Implement proper retry logic
Handle timeouts gracefully
Log all errors with payment references
Customer Communication
Display virtual account details clearly
Show transfer instructions
Set clear expiration times
Review the
Check our
Contact