Why is it beneficial?
Merchants who want to use OurPass get a base limit upon BVN verification which is NGN 100,000 per transaction and NGN 500,000 daily. However, if they want to increase their transaction limits, then the following steps are necessary to complete Business compliance.
Here’s how to complete business compliance
There are 2 types of Business Compliance: For Individual Businesses and For Companies.
Visit the Compliance section after Login to Get Started. Follow the process below depending on the type of Merchant you are:
Step 1: Upload a Valid ID (International Passport, Driver's license, Voter ID, NIN etc.)
Step 2: Click on "Verify."
Your Individual Business is now verified!
Step 1: Enter and verify your CAC number. (Make sure business name on account has to exactly match CAC)
Step 2: Upload relevant CAC documents depending on type of registered company.
Your Registered Company Account is verified!
Individual Businesses and Registered Companies can request for custom transaction limits depending on their requirements. In order to do this, they have to verify their address by uploading relevant documents (bank statement or utility bill)
If you have any questions, feel free to reach out to us via firstname.lastname@example.org, Live Chat or directly via WhatsApp (+2348090565661).