· BluuPay
When a Palmpay payment settles
A Palmpay bank transfer settles the next business day. A Palmpay wallet payment settles instantly.
BluuPay prices two collection channels: bank transfer to a virtual account, and wallet payment. USSD and cash can be recorded on the sale. They are not collection-fee rows.
Palmpay
A Palmpay bank transfer is 1.9% capped at ₦2,000 and settles on the next business day. A Palmpay wallet payment is 1.5% flat and settles instantly.
You can absorb the collection fee or pass it through to the customer. The rate in the table is BluuPay’s fee either way. Payout bands, for a bank, a Palmpay wallet, and bulk or payroll, are on the pricing page.