Deposit and Withdrawal Fees.

Deposit Fees:

On iDeyPay, there are two ways to deposit money into your Naira Wallet. You can deposit via a Paystack deposit or via bank transfer.

  • Paystack Deposit: For deposits with your bank account or debit card via Paystack, you are charged a payment processing fee. This fee is 1.6% of the total amount to be paid + ₦100 with a maximum of ₦2000. This means that all payments worth ₦50,000 and above will have a Payment Processing fee of ₦2000.
  • Transfer to Naira Wallet: Transfers to your iDeyPay Naira Wallet is free. This is like a regular bank transfer.

Withdrawal Fees:

On iDeyPay, withdrawals to your bank account is free of charge.

Update as at May 17, 2021: The Paystack deposit has been discontinued.