Kusnap:
Fincra's Virtual Accounts: Use Cases and Benefits

Fincra uses named virtual accounts to optimize daily processes for our customers, such as tracking transactions for real-time account reconciliation and more.

Fincra’s virtual accounts are available in EUR, GBP and NGN, and the accounts for these currencies are tied to respective wallets on our platform, this means that for each currency inflow into the virtual account, there is a settlement in a respective Fincra merchant wallet.

For instance, if an inflow comes into Mr A’s GBP virtual account, it gets settled in his Fincra GBP wallet. This allows our customers to keep track of the inflow and outflow of their funds.

Things you should know about Fincra’s virtual accounts.

A means to fund your merchant wallet.
Fincra’s merchants can use named virtual accounts in the supported currencies to fund their wallet to initiate payouts. All merchants have to do is to fund their wallets in the desired (and supported) currency on our platform, through their virtual accounts, fill in the necessary information and begin to make seamless payouts to their suppliers, customers and individuals, with no hidden fees.

2. Easy Payment collection

Fincra’s virtual accounts are a reliable and secure way for merchants to facilitate payment collections in EUR, GBP and NGN, at the best rates. The merchant requests for a virtual account in any of the desired aforementioned currencies shares the account information manually or via their business platform and they can begin to collect payments from their customers from anywhere in the world (inflow).

The merchant can initiate a payout into a regular bank account via their virtual account if they wish to do so (outflow) via their portal or integration to our API.

Benefits of using Fincra’s virtual accounts

Seamless payment collection at the best possible rates: Merchants are able to collect payments securely from almost anywhere in the world, without the headaches of traditional banking methods.
Quick and easy payouts: With named virtual accounts, merchants can easily top up their wallets to make secure payouts to their suppliers, customers and individuals in Africa, Europe, the UK and the US, with no hidden fees.
Security and reliability: Fincra is safe, secure and licensed. Merchants can rest assured that their funds are 100% secure.

https://blog.fincra.com/fincras-virtual-accounts-use-cases-and-benefits/

Richard2040:

The world is now fully digital. Today, companies in the United States of America, United Kingdom, Europe, and Australia are engaging the services of African freelancers and contractors to operate their businesses.

Freelancers, contractors, and local businesses in Africa often struggle to receive payments from abroad due to several factors and highly demanding activities. Fulfilling a job is hard enough, getting payment shouldn’t be stressful. It is for this reason that we created Geegpay to become the digital finance platform for the gig economy.

With www.geegpay.africa, African talents can create USD, GBP, and EUR virtual bank accounts for faster payments for their work. They can automate their employer billing through our smart invoicing, and build their credit score while spending with Geegpay virtual card.
Geegpay instant FX conversion at the best rate also helps users convert to their local currencies and withdraw money to any bank and mobile money in Africa.

Here is how the Virtual Account feature works:
Visit www.geegpay.africa to sign up
After complete registration, verify your identity by using our automated identity verification system.
After your identity verification, you can then request a virtual bank account
And that’s it

Identity verification and request for a virtual bank account are instant! You can now share your USD, EUR, or GBP virtual bank account for instant payment. Receiving money via your Virtual Account attracts a flat fee of 0.9%.

African talents can use Geegpay to convert their USD, GBP, and EUR to local currencies such as Nigerian Naira (NGN), Ghanaian Cedis (GHS), Kenyan Shilling (KES), Egyptian Pound (EGP), South African Rand (ZAR), and Rwandan franc (RF).

With Geegpay, users enjoy transparent, competitive, and unbeatable local exchange rates. Users can choose to convert within Geegpay or make a direct money transfer to banks and mobile money. Today, Geegpay supports transfers to more than 50 countries. Conversion and money transfers are instant & free on Geegpay!

There’s more.

On Geegpay, African talents can automatically generate invoices for their employers with our smart invoicing feature.

Users can create virtual cards in USD and spend across millions of websites.

Take full advantage of Geegpay’s unbeatable offerings today, visit www.geegpay.africa to sign up and create an amazing African payment experience for yourself.

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