Collection fees and settlement times

Here is what each way of getting paid costs, and how quickly the money reaches your Boldswitch balance.

Collection fees

Method	Starter	Business
Inter-Boldswitch payment	Free	Free
Bank transfer in	₦25 flat	₦25 flat
QR / Scan & Pay	0.5%	0.4%
Face Pay	0.5%	0.4%
Payment link (card)	1.5%	1.2%

Every fee is shown in-app before the transaction confirms.

Settlement times

• Inter-Boldswitch payments are instant, usually sub-second.
• Bank transfers settle to your balance in under a minute, often within seconds.
• QR and Face Pay settle instantly to your balance.
• Payment links credit your balance immediately for the customer-facing flow; you can spend from your balance right away.

Tip: Lower QR, Face Pay, and card-link rates come with the Business plan, so high-volume collectors save more.

For a single method walkthrough, see collect with QR / Scan & Pay (/business/payment-collection/collect-with-qr). If a payment seems missing, see a payment wasn't received (/business/payment-collection/payment-not-received).

Need clarity on a charge? Email support@boldswitch.ng.