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Merchants generate this paycode and provide to customers who then take this paycode to any Moniepoint agent close by. Once paycode is shown to the agent, paycode is verified and the amount tied to the paycode is given to the customer in cash while the merchant account is debited of the amount.
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Paycode Generation
Merchants can generate paycode for their customers from their dashboard by using the create new paycode button.
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A paycode remains active until the time allocated to it expires or when it is cancelled by merchant |
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View list of Paycodes and Status
As a merchant, you can have an overview of all paycodes generated over a period of time together with their status.
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PENDING - Ready to be used but not used.
SUCCESS - Has been utilized successfully.
EXPIRED - Has been automatically expired having exhausted the configured lifespan.
CANCELLED - Was cancelled by user.
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Testing Your Integration
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Before doing any test, ensure you are on test mode. |
Paycode Testing
Monnify also allows you to simulate the use of paycodes for offline disbursement. Here are the steps to testing.
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Step 7 - Paycode is then debited of the amount specified.
Pricing
For offline disbursements done using paycodes, a flat fee of N 100 will be charged.