rayOn in partnership with Flutterwave supports payouts to bank accounts and mobile money users in several countries. The pricing for payouts depends on the country in which the recipient bank account is domiciled and is detailed in the table below.
Nigeria
10 Naira + 7.5% VAT for Transactions up to N5,000.
25 Naira + 7.5% VAT for Transactions from N5,001 to N50,000.
50 Naira + 7.5% VAT for Transactions more than N50,001.
Note: The fee for GBP transfers is £35 while for USD bank transfers is 0.5% with a minimum fee of $40 per transaction.
