Digital Payments & Collections
ediaro.com offer professional support on Digital Payment solutions to improve our clients Collections and reduce bank Digital Payments & Collections processing charges. We achieve this by centralising payment traffic, introducing alternative payment channels and decreasing the number of banking relations.
Autopay
AUTOPAY Automatic Payment Solution is a product developed for recurring payments and direct debits/credits. The solution provides an efficient and effective online real-time platform for managing payments to or from many beneficiaries, by transferring funds between accounts based on standing orders or schedules.
AUTOPAY enables Organisations to make mass payments to multiple recipients or beneficiaries. It has feature to store banking details for ease of re-occurent transactions such as paying Staff salary, Vendor Payments, Distributors,co-operative members and other stakeholder payments. It is highly flexible, the beneficiaries get paid quickly, an email notification is sent upon completion and payments can even be tracked when necessary.
The beneficiaries have to be uploaded before bulk payment uploads can be made. A beneficiary needs to be uploaded only once into the system.
Organisation can choose to manually upload an excel document to AUTOPAY; and the system will do the splitting for payments to respective Bank accounts. The can work as a standalone or integrated to your existing solution.
Specifically, AUTOPAY support synchronisation with ERP and other applications backend – if an organisation has existing software, portal or infrastructure to connect it with.
How It works
AUTOPAY comes with a transaction manager that fetches a particular batch of transactions and loads it in the transaction schedule. Through the Interswitch network, the customers (e.g. employers) account is fetched (in this case) from the database of the organization and is debited on due date at the Interswitch member bank where his account is domiciled.
The database must also have the names of the employees, the bank where their accounts are domiciled and their account numbers. The employees are required to have accounts in any Interswitch member bank. Presently all the major banks in Nigeria are on the Interswitch network.
When a debit is unsuccessful, the solution attempts it periodically for a pre-defined number of times. A schedule of both successful and unsuccessful payments is produced in a customer-defined format.
HOW TO PROCEED
To be setup on AUTOPAY, Fladio International Nigeria Limited can help you facilitate the entire process swiftly and fast; using our strategic partnership with Interswitch. We will provide you relevant forms, documentation and support – FREE of charge. Contact us today for further inquiries, via: info@ediaro.com, call (+234) 080-9502-9999.
About
For over 5 years ediaro.com (a member of Fladio International Nigeria Limited) has provided web solutions and advertising for public and private sectors. Our main division is Computer and Information Technology. Thanks to our flexible approach towards the development of new solutions, we have often been at the inception of digital revolution and incorporating the most recent technologies. When you partner with ediaro.com, you are associating with one of Africa's best company for your ICT needs, we are the 1st Nigerian Company listed on the Economic Community for West African States (ECOWAS) ECOBIZ computer session in 2010. Focusing on quality, reliability and design of our products and services has brought us customers and partnership with local and Multinational Companies such as United Bank for Africa Plc (UBA), Interswitch Limited, Stanbic IBTC Bank Plc among others. Our current customer portfolio covers individuals, companies and Government agencies across the globe including Nigeria, India, United Kingdom, Mozambique and United States of America.
Paydirect
Receiving payments from customers is an essential requirement of businesses across the world. Consequently, an efficient collections system is regarded as a critical requirement for most businesses in this 21st Century. Paydirect is a multichannel revenue collection, monitoring and reporting solution. It facilitates the collections of payments from customers through multiple channels (Bank Branch, Web, ATM, etc.) accepts cash, cheque, internal transfer & card payment options.
It is a PC-based electronic payment solution designed for secure commercial transactions between an organization and its dealers/distributors. It leverages on the online, real-time integration between the banks and InterSwitch to provide an effective payment solution.
The system provides an online reporting console to enable your organisation monitor payments made to it realtime. Another unique feature is a that it provides a centralized view of payment made across various channels so as to provide the Organisation information on the need to know basis.
Paydirect allows you to receive payment via your customers internet banking website,by visiting any Bank Branch in Nigeria, making payment on Interswitch Quickteller enabled ATMs, Quickteller.com, or at your Offices. (Please note, that International transfers are not supported.)
And lastly, it make it convinient for payers to make payment to you from virtually all Commercial and even some Microfinance banks in Nigeria.
Value Proposition
- Tried & tested solution
- The solutions is tried and tested; been in use for over 12 years
- The solution is currently being used by many State Governments for Internally Generated Revenue (IGR) and Federal Government
- The solution can be customized to meet the requirement of your Organisation
- Corporate organizations in Power, health, oil & gas, telecommunications, FMCG, insurance, mobile payments, aviation, (local, state & federal) utilize our revenue collection solution and alternative channels to receive payments from their customers
- Convenience at the heart of service to customers
- Allows your Organisation to provide several options to payers to make payment thus providing convenience as a customer centric private or public organization
- Aligns with technological trends and global standards utilized in other countries of operations especially in Europe, Asia & America
- Access to business intelligence reports for executive decision making
- Over time, your organisation will be able to deduce which channel, which bank, what bank branch is most utilized to make payment and make these options more endearing to payers.
- Centralized reporting for your organisation
- All payments across the various channels will be routed through a single integration directly to your systems in real time without manual intervention
- Payment from all channels are also available from a central location & can be filtered on a per channel basis as well.
Benefits
- It enables payments to be made through multiple channels (bank branch, POS and ATM)
- It enables customers make payment themselves through alternative channels (ATM, POS etc.)
- It reduces human errors to barest minimum during the payment process
- It introduces transparency into the payment process thereby eliminating loopholes for fraud or cheating
- It eliminates the need for manual reconciliation at the Organisation before customer can receive value for payment
- It introduces efficiency into the payment process and guarantees improved customer delivery
- It guarantees shorter transaction cycle
- Provides relevant business intelligence information
HOW TO PROCEED
To be setup on PAYDIRECT, Fladio International Nigeria Limited will help you facilitate the entire process swiftly and fast. We will provide you relevant forms, documentation and support. Contact us today for further inquiries, via: info@ediaro.com, call (+234) 080-9502-9999.
About
For over 5 years ediaro.com (a member of Fladio International Nigeria Limited) has provided web solutions and advertising for public and private sectors. Our main division is Computer and Information Technology. Thanks to our flexible approach towards the development of new solutions, we have often been at the inception of digital revolution and incorporating the most recent technologies. When you partner with ediaro.com, you are associating with one of Africa's best company for your ICT needs, we are the 1st Nigerian Company listed on the Economic Community for West African States (ECOWAS) ECOBIZ computer session in 2010. Focusing on quality, reliability and design of our products and services has brought us customers and partnership with local and Multinational Companies such as United Bank for Africa Plc (UBA), Interswitch Limited, Stanbic IBTC Bank Plc among others. Our current customer portfolio covers individuals, companies and Government agencies across the globe including Nigeria, India, United Kingdom, Mozambique and United States of America.
Webpay
Receiving payment on your website in Nigeria is now the new trend, from Membership management to restaurant, from online shopping mall to downloadable product and many more. But there is more that can be done to compliment receiving 
payments online – which will have direct impact on your revenue, customer base and corporate branding.
Specifically, when your target audience are Nigerian customers, we can facilitate deployment of Webpay online payment gateway for you to receive local Verve, Mastercard and Visa cards and even compliment it with other professional services FREE of charge.
This gateway has many advantages among which are:
Lower Shopping cart abandonment rate:
As a global standard, the less time your customers spend when about to make payment to you, the more likely they will complete the payment process. So it’s best to minimise the time customers spend when they want to pay you onilne. Unfortunately, many payment procesors makes this process longer – because they are middlemen. When this occurs, you have a high tendency of losing customers constantly.
Webpay will solve this problem easily, as the process has been simplified. Infact, after customers might have filled the forms on your website, they will proceed straight to where they will enter their card details and click pay; voila, the transaction is complete.
Nationwide Publicity thru the Banks:
When we deploy webpay for you, we will take extra time to facilitate it with Verve Card rewards system – FREE of charge. 
This reward will make it easy for you to enjoy Nationwide publicity and sales from all the Nigerian Banks issuing the card. Upon enrolment, All Nigerian banks will send email and SMS text message to their customers to order on your website or store and get a discount. Invariably, you will give the same money you are giving to advertisers to place advertisements directly to customers; who will give word of mouth adverts – when they use their ATM card and get a percentage discount (e.g order on yourwebsite.com and get 5% discount, offer ends 1st January 2017).
When you enrol for this reward programme, your brand name will be more known and respected, Customers get familiar with your organisation and instil trust (which is important in this part of the world), you get more sales, nationwide expansion of your products or services among others.
With firm relationship with 20 commercial banks in Nigeria and Over 20 million cards issued, your Advertisement will reach most Nigerian banking customers easily.
The Benefits of Verve rewards includes:
- New customer acquisition
- Increase in customer retention
- Increase in customer spend and transaction frequency
- Enhanced brand visibility and affinity
- Provision of analytics and business Intelligence reports on customers spending behavior to create unique offers that’s unknown to competition
- Rewards earned at partner merchants can be spent on your Website or instore with POS.
COMPONENTS OF VERVE REWARDS
Verve Rewards comprises of Cashbacks, Instant Discounts and Sweepstakes.
CASHBACK
Cashbacks are earned when Verve cardholders make payments using their cards on Webpay or on POS at partner merchant locations. Cashbacks earned can be accumulated for every payment made and used to make payments at a future date with any of our partner merchants.
INSTANT DISCOUNT
Instant discounts are enjoyed when Verve cardholders make payments for goods or services at partner merchant locations at a discounted price not the displayed retail price.
FREEDOM OF BANK CHOICE
Using interswitch webpay makes it easy for you to choose which bank you want to use to receive all your payments made to you. At setup, you will enter the Bank details you want your payments to be credited to. Sometimes, the bank relationship has to be changed, sometime due to poor service, fraud,inability to support your business among others, you don’t need to be tied to a particular bank indefinately, so if later you want to change your bank (similar to porting form MTN to etisalat telephone line) , all you have to do is contact interswitch to change the bank your funds will credited to and and supply them a new bank account detail, and voila your money goes to the new bank. Infact, you will not have to work with any codes adjustment before your bank will be changed.
Meanwhile, if you are using a particular Bank payment gateway, if you are leaving the bank, you forfeit the money paid for setup with that bank completely. Also, you will have to re-integrate the new bank gateway to your website, mobile apps (android, ios, windows, blackberry) among others.
Lower Transaction Charges
When you use Webpay, we will give advise to you on complimentary solutions that will reduce your Bank charges 
and transaction processing fee by as high as 50%. Cutting cost as you may be aware means increasing your profitability. This is most usefull especially when you make many payments to Vendors, Staff salaries, Distributors etc. Amazingly, some of the solutions has Zero Deployment cost.
Discounted/FREE Integration to your Website
Depending on the nature of your business and/or track record, we can help you with the integration of Webpay to your Website, Web portal, mobile app (android, ios, windows Blackberry world) and other technologies to start receiving payments . We offer this services at a discounted rate or even FREE of charge sometimes to Interswitch customer – if we understand the nature of your business.
In addition, we can work with you to simplify the Interswitch Test to Live mode certification process. We will guide you thru till you begin receiving card payments on your website.
FREE Professional Guide
Going thru the paper documentation, gathering relevant data and others can be an herculean task sometimes. We 
will work directly with you to guide you on this, and even advise you on how to navigate technical and programming parts easily. Over the years working with many clients, we have prepared draft templates and letters you can easily edit with your company details to fast track the process. We will offer this service FREE of charge to our customers.
About Webpay
Webpay is an online payment processing platform in Nigeria. Infact without Webpay as it is popularly called, there is very little that can be done in online payment processing in Nigeria – because most Banks are relying on it to receive online payments. Webpay has over 5000 customers using the gateway to receive payments. The gateway support Verve cards, Visa and MasterCard.
To use the Interswitch WebPAY for accepting payment online, the customer has to register and be setup on the gateway in demo mode. Afterwards, the customer will go through a certification process, once this is passed, they will be migrated to a live mode and can start accepting real transactions on their website.
To be enrolled, the customer require a bank to generate Merchant ID for the customer on their platform – before Interswitch will then synchronize them together.
Although the setup process is a bit long and also uses a DIY integration document, the payment processor has also partnered with many developers including ediaro.com (Fladio International Nigeria Limited) to assist customers thru the process.
Merchant have the benefit of creating an account and linking their card, afterwards, they can make payment with the login details. Leveraging on their Subsidiary Card Company Verve International, Webpay customers also have the opportunity of enjoying VERVE REWARD program to give discount for customers. Upon been enrolled on the scheme, we can facilitate the Merchant can enjoy free advertisements as Verve will advertise their products and services online, at partnering stores, Banks bulk email and SMS to their customers among others Verve/Interswitch advertisement channels. ediaro.com, can help you facilitate this entire process.
PROS
- Customer is not mandated to have account with a specific Bank before he/she will be able to use the platform – virtually all Nigerian banks accepts Interswitch to process their payment.
- The payment processor are the major processor in Nigeria, hence, virtually all Banks will have to relate with them for all settlement issues related to using Interswitch cards and WebPAY platform.
- They have partnered with developers to facilitate the integration process, such as ediaro.com (Fladio International Nigeria Limited).
- WebPAY has other complimentary products that can be added, in addition to receive payments from customers. Some are used to make payments, give reward to customers, receive payment from multiple channels. Some of the other channels includes Collegepay Bank Branch, Collegepay Web, Collegepay Aggregator Scheme, Paydirect Bank Branch, Paydirect Web, AUTOPAY, Quickteller among others.
FEES
Setup Fee
N150,000 (One Hundred and Fifty Thousand Naira)
Charges
Interswitch Verve, MasterCard & Visa (local) – TRANSACTION FEE: 1.5% of transaction amount (subject to a maximum of N2,000)
About WebPAY
WebPAY is an Internet Payment Gateway developed by InterSwitch to facilitate payments on the Internet using debit cards issued by member banks on the InterSwitch network.
WebPAY plugs-in seamlessly with existing websites and acts as a bridge between a merchant’s website and financial institutions (banks) to process payment transactions. Customer card details are captured online via WebPAY in order to make purchases on the merchant’s site. The card details are sent in an encrypted manner to InterSwitch for real-time authorization at the issuing bank.
WebPAY integrates directly unto customers website enabling funds to be received into their account, but no elaborate reporting is provided. Paydirect – Web (without reporting) offers cash deposit information and is often the product of choice for medium and small businesses.
Most Nigerian have an Interswitch card or local MasterCard (which comes with Interswitch), hence virtually all Nigerian banks have an Interswitch license for processing Interswitch cards Online and thru other platforms such as POS, ATM etc.
HOW TO PROCEED
To be setup on WEBPAY, Fladio International Nigeria Limited can help you facilitate the entire process swiftly and fast; using our strategic partnership with Interswitch. We will provide you relevant forms, letter draft templates, documentation and guidance – FREE of charge. Contact us today for further inquiries, via: info@ediaro.com, call (+234) 080-9502-9999.
About
For over 5 years ediaro.com (a member of Fladio International Nigeria Limited) has provided web solutions and advertising for public and private sectors. Our main division is Computer and Information Technology. Thanks to our flexible approach towards the development of new solutions, we have often been at the inception of digital revolution and incorporating the most recent technologies. When you partner with ediaro.com, you are associating with one of Africa's best company for your ICT needs, we are the 1st Nigerian Company listed on the Economic Community for West African States (ECOWAS) ECOBIZ computer session in 2010. Focusing on quality, reliability and design of our products and services has brought us customers and partnership with local and Multinational Companies such as United Bank for Africa Plc (UBA), Interswitch Limited, Stanbic IBTC Bank Plc among others. Our current customer portfolio covers individuals, companies and Government agencies across the globe including Nigeria, India, United Kingdom, Mozambique and United States of America.
Online Payment Services in Nigeria: Let your customers Buy how they like – Accept Debit/Credit cards and Sell online
In business, giving your customer more choice can increase sales. This is more noticed with the introduction of 
Cashless/Cashlite Policy by the Central Bank of Nigeria. To really reap profit online, businesses need to give their customers a wide choice on how they pay for goods and services ; so that when they see what they like they would just select and pay for it immediately before they change their mind and divert the money to something else. Being able to take secure online Debit/Credit card and electronic cash payments gives your visitors more chances to buy – after all, why go to the expense of getting a customer only to find you can’t take their money when they want to pay you?
As sweet as it is, sometimes installing online payments facilities can be fairly complex, because there are plenty of options on offer in Nigeria. These range from purse-friendly basic services to one-stop-shop solutions with strings attached (usually higher fees and a longer time to wait before you see your money). And what suits one business may be problematic for another.
Shop around
It’s important to find a payment solution that suits you. For example, at ediaro.com, we have used various online payment processors in the Past. We were formerly using 2Checkout to accept Local and International transaction, but they only release money every Thursday, their rates were quiet high and their terms and condition didn’t make it easy for us to sell some of our products and services on our website – hence it became unsuitable for our Business. GTBank GTPay were said to be doing great practically, but gave us serious complications when we want to integrate it to Interswitch and they only support Nigerian Bank issued cards.
Meanwhile, with the introduction of the UBA UCollect – their payment gateway supports local and international cards and also clear the money Directly to our UBA Bank Account here in Nigeria. In addition, the UBA UCollect has a user-friendly interface, easy to configure backend – and can even be configured to blend with our site colour, more multiple currencies supported (that’s because it provides four currencies as standard – hence you can charge in Naira, Pounds Sterling, Euros and US Dollars all within one account), online security and good customer relations of the UBA eBanking Unit nudged me to make my choice. Even better, we later sign an MOU with the Bank to develop FREE simple eCommerce for their customers and integrate the UBA UCollect to enable them accept online payment, hence both the Bank new and existing customers can setup a live merchant website easily and FREE thru us at ediaro.com (though customer will pay for the Domain, Web Hosting and SSL) and you’ll start accepting payment online in no time”.
Evidently it’s wise to shop around before making your final choice of which payment processor you’ll use to accept payment. Here are the choices of payment processors available in Nigeria:
If your business already accepts Debit/Credit card offline, setting up an online merchant account should be relatively painless. To qualify you must meet certain cafeterias set by the Bank.
If you’re just starting up a Small Scale business, achieving merchant account could be a bit more expensive – as you’ll have to incorporate a company or Business Name (with the Corporate Affairs Commission) and open a corporate account with the Bank- which can take longer time to complete the process.
The major reknowned ‘acquiring’ banks that provide merchant account services includes:
- Guaranty Trust Bank Plc (GTBank GTPay) – www.gtbank.com .
- United Bank for Africa Plc (UBA UCollect Webpay) – www.ubagroup.com .
- Zenith Bank (ZENITH BANK GlobalPAY) – www.zenithbank.com .
The ‘acquiring’ bank receives your money from the customer, processes the transaction and credits your account. Each of these acquiring banks is able to issue online traders with an Online Merchant ID, allowing them to take credit and debit card payments.
Payment Service Provider (PSP)
A payment Service Provider (PSP) is the alternative for businesses that have trouble getting a merchant account. PSP’s collect card details online and pass them on securely to an acquiring bank to process. When you use PSP, you can pay slightly higher fees or at times the same with merchant status.
Payment service providers in Nigeria includes:
- SIMPLEPAY (www.simplepay4u.com)
- VOGUEPAY (www.voguepay.com)
- CASHENVOY (www.cashenvoy.com)
- Among others, visit our review of Top 10 Online Payment Processing Platforms in Nigeria to learn more.
It has been observed that banks prefer you to use a PSP even if you do have a merchant account, because it’s safer for them to authorise a small number of PSP’s than rely on each trader to be secure. So if you can’t get a merchant account, PSP’s are ideal. The catch is that you might pay slightly higher fees or most time the same charges like merchant account status, and can wait longer for payment.
As a professional ecommerce website development company, the best advise we can give is to be sure to weigh up the pros and cons of each payment service option before launching forth into the world of e-commerce. And don’t forget that you can always start small with a solution, and then upgrade to a higher-volume solution as sales increase. Your website designer / web developer should be able to advise you on this. If not, contact ediaro.com Professional Webcentre Team for all website and eCommerce web designers and web re-developers via – info@ediaro.com, 08060644044, 08090644044.
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About
For over 5 years ediaro.com (a member of Fladio International Nigeria Limited) has provided web solutions and advertising for public and private sectors. Our main division is Computer and Information Technology. Thanks to our flexible approach towards the development of new solutions, we have often been at the inception of digital revolution and incorporating the most recent technologies. When you partner with ediaro.com, you are associating with one of Africa's best company for your ICT needs, we are the 1st Nigerian Company listed on the Economic Community for West African States (ECOWAS) ECOBIZ computer session in 2010. Focusing on quality, reliability and design of our products and services has brought us customers and partnership with local and Multinational Companies such as United Bank for Africa Plc (UBA), Interswitch Limited, Stanbic IBTC Bank Plc among others. Our current customer portfolio covers individuals, companies and Government agencies across the globe including Nigeria, India, United Kingdom, Mozambique and United States of America.