Signing Up
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Before you can start integrating to Monnify, you will need to sign up on Monnify. |
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to sign up |
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How it Works
The Monnify Disbursements APIs allow enable a merchant to initiate payouts from payouts from his Monnify Wallet to any Nigerian bank account in Nigeria. We provide you with all the tools you'll need to enable you completely fully automate your disbursement processes.
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By default, disbursement is disabled upon sign up by merchant so as to protect merchants money. Monnify support team should be contacted by sending a mail to support@monnify.com as soon as you want to activate disbursement so fee restriction can be removed. |
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Step by step guide
Monnify Disbursements can be completed in these steps:
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Before going live with your integration, it is recommended that your IP be whitelisted. You can do this by sending your production IP address to our support team, support@monnify.com to enable them whitelist the whitelisting of your IP address. |
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Disbursement Charges
Amount < N10,000 | N10 |
Amount >= N10,000 and < N50,000 | N20 |
Amount >= 50,000 | N40 |
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