The Flutterwave Way
Tags: fluterwave, rave, barter, onlinepaymentgateway
Published: 2019-09-27 04:48:12


 

  In recent times, with the increase in the rate of social media marketing and digital marketing as a whole, the world has indeed become a global village where buyers and sellers from all over the world close transactions on the click of a mouse. Impressive right? This great feat didn't come without its challenges, ranging from product ingenuity and originality to delivery time to fraudulent activities and the most challenging aspect; payment for these goods/services. This payment challenge desperately for a solution, and interestingly solutions proffered somewhat limited Africans from engaging in certain transactions; there were payment gateways that allowed only outward payment of money by Africans and barred them from receiving money thereby inhibiting the smooth flow of cash for business or personal use and also creating a one-way traffic/ imbalance to the dream of a global village. This new problem also desired a solution, one which will allow Africans to seamlessly carry out transactions in their businesses and for personal reasons from the comfort of their homes or offices using their mobile devices. This online payment gateway solution was provided by Flutterwave.

 

FLUTTERWAVE

  According to Wikipedia, a" payment gateway is a merchant service provided by an e-commerce application service provider that authorizes the credit card or direct payment processing for e-businesses, online retailers, bricks and clicks or traditional brick and mortar". In other words, it is the middleman between buyers and sellers and is responsible for quick and secure transfer of money.

 

Flutterwave, founded in 2016 by Iyinoluwa Aboyeji and named as the best financial technology company at the apps Africa innovation awards has created an online payment gateway for banks and businesses. This gateway has spurred the growth of e-commerce by ensuring instantaneous payments for online services. Since its inception in 2016, Flutterwave has seen through over 100 million payments worth billions of dollars, it has also evolved by bringing in new products to carter for the growing financial technology in Africa. These new products include the haven for business growth and management; Rave by Flutterwave and the personal money manager; Barter by Flutterwave.


RAVE BY FLUTTERWAVE

 The rave by Flutterwave is a haven for small businesses, drop shippers, online stores and big corporations. This platform facilitates the ease of payments and payout processes thereby fostering effective business growth and development whilst helping you build a global customer base.

  For businesses, this product enables you to;

 Collect payments in person; using the sales mode on the dashboard in your physical stores from customers.

In your app or website; Flutterwave allows users to install this tool into their e-commerce site to receive instant payments from customers in their local currency using USSD, mobile money, credit and debit cards, ACH, and cash tokens. Payments can be made in over 150 currencies in the world. This in-app/website integration for business also fosters drop shippers as you could install rave into your merchant account and start selling on Shopify, Woo, Prestashop, etc.

On social media; asides from the fact that this tool helps you create social payment links on your trending channels, it also helps you handle your social media store notifications, manages your inventory and keeps track of all your business data which are all accessible to you.

  For corporations, this platform ensures the ease and speed of payouts to over a hundred accounts on the same dashboard, eliminating the stress and slug of paying one person after another on different platforms.

  The different functions/ tools on the rave platform are not only great, they are pretty affordable as well, with payouts going at #45 per transaction, local collection at 1.4% the amount paid in with a cap of #2000; this implies that for amounts less than #2000, no percentage of it is charged and international collections at 3.8% of the amount paid in.

  Also, with the Nigerian government fostering direct bilateral relations with China and with the increase in mini importation pf goods from china, the Flutterwave has integrated with Alipay, enabling its merchants to gain access to over 1 billion people.
  For effective business management and global customer base, choose rave!!!

 
  BARTER BY FLUTTERWAVE

  Did all that business talk bore you? Well, I do have awesome news, Flutterwave isn't meant for only businesses, corporations, and banks. Another lifesaving, technological solution on the Flutterwave platform is the Barter. Barter is that go-to friend that assists you in ineffective personal finance management, from paying electricity, television and internet bills to recharging your phone lines and peer to peer transactions between family, friends, and customers. The platform consists of the premium and classic packages; that is Barter Classic and Barter Premium.

   The classic package has a daily transaction limit of #50,000 and requires users to pay transaction fees per transaction. While the premium package has a daily transaction limit of#200,000 and does not require users to pay transaction fees per transaction. 

   There are two ways to get on this platform, you either register on https://flutterwave.com or download the getbarter app from the AppStore or play store on your mobile device. The second option is more preferable since It gives you faster access to your new money manager. On registration, a virtual credit card is created in your name similar to the cards given in banks. There is also an option of creating a dollar card, this dollar card has been a goldmine for users who run Facebook and Instagram ads and are required to pay for these ads in dollars. He dollar cards can also be used to shop on all your favorite international online shops that you never thought were possible. To get into the endless possibilities of the getbarter app, you need to fund it from your bank account using a bank card, bank transfer or kwikmoney.

   This platform is your go-to for money management, short term loan application and keeping track of your lau-lau spending.

Get yourself a getbarter app today!!!

  So whether you are just carrying out person to person transactions, setting personal finance goals, paying utility bills or setting up e-commerce, drop shipping and seeking effective and secure online payments for your business at pocket-friendly rates, do it the Flutterwave way.