Verto

Pricing

• •Payment Links carry a 4% processing fee.

Limits

• •Card payment limits do not change from plan to plan: USD 50,000 a day, USD 200,000 a week and USD 500,000 a month for payments in stores or online.
• •Limits on this plan are set individually: Verto quotes them through its sales team.

Payments & transfers

• •Payout destinations that aren't outright blocked can still fall into a 'restricted' tier, where payments are reviewed and normally require enhanced due diligence or documentary evidence; even fully supported destinations may be asked for extra documents on a case-by-case basis.
• •Receiving payments from third parties or individuals, rather than from the account holder's own registered business, is subject to separate approval.
• •XOF, XAF and UGX can be collected from your customers too, but the bank details you hand out are in Verto's name rather than your own.
• •The NGN local account comes either through Paga, on NIP and eTranzact up to NGN 100 million, or through FCMB, which adds RTGS and NEFT and handles amounts above NGN 100 million.
• •The local GBP account comes with a sort code and account number, alongside global details (IBAN and BIC Code) for international transfers.
• •The euro local account is based in Germany.
• •Danish krone payments clear over KRONOS2, same day when sent before 14:00 UK time.
• •The US local account supports both ACH and Wire payments, through two separate routing codes.
• •The local ZAR account receives rand from customers inside South Africa, and those funds can be converted into 19 other currencies.
• •The TZS local account is issued through CRDB Bank Plc or Ecobank Tanzania and supports TIPS, EFT, TISS/RTGS and book transfers.
• •The KES local account is provided through Choice MFB and supports RTGS, PesaLink and mobile money on M-Pesa and Airtel via Paybill.

Business activity

• •Verto also prohibits these business categories: bearer share corporations, bonded warehouses, cash-intensive businesses, convenience stores, development aid, embassies, lobbying, pressure groups, think tanks, sanctioned businesses, and shell companies.

Countries & residency

• •Verto Reserve is an interest-bearing deposit product paying up to 10% on NGN and KES balances (USD is excluded for companies headquartered in the US or UK). It requires minimums of 500M NGN, USD 100,000, or 13M KES, and isn't available to companies headquartered in the UK, US, South Africa, or the UAE.

Licence & regulation

• •In the UK, Verto operates on its own EMI licence from the Financial Conduct Authority (FRN 901073).
• •Kenya and Tanzania are served through licensed local partners rather than Verto's own licence.