Money in and money out

Your virtual account is the hub for funds entering and leaving your business. Here is how money moves both ways.

Money in

• Bank transfer into your virtual account or any sub-account.
• QR / Scan & Pay and Face Pay collections.
• Card payments via the POS terminal.
• Payment links paid from any bank or wallet.

All inflows settle to your Boldswitch balance, usually within seconds.

Money out

• Transfer to a Nigerian bank account for a flat ₦25.
• Transfer to another Boldswitch user, free and instant.
• Bulk payout to many recipients at once.

Tip: Whatever method brought the money in, it all pools in one balance you can spend, send, or pay out from.

For inbound options in detail, see collect via bank transfer (/business/payment-collection/collect-via-bank-transfer). For sending money, see run a bulk payout (/business/payouts-transfers/run-bulk-payout).

Questions? Email support@boldswitch.ng.