Can I send funds abroad using Movefunds or do you only receive funds?
Yes, we also help to send funds(money) abroad.
How long does it take for an account to be verified after registration?
It takes 24-48 hours for your Movefunds account to be verified.
Is there a limit to the amount I can receive?
No, there is no limit to the amount you can receive. However, to receive $10,000 and above, you need to reach out to us on Live Chat for compliance verification.
How long does it take for me to receive my payment?
It takes 30 minutes for you to receive your payment into your local account.
Can payment be made in other currencies apart from dollars?
Yes, payment can be done in other currencies but Movefunds helps to swap the currency amount to US dollars, however, your client/customer will still get charged in their own currency (€£ for instance). Once the payment is successful, we make your payout direct into your bank account.
Is it possible to receive PayPal funds using the link?
No, PayPal is not supported at the moment.
What are the requirements for creating a Movefunds account?
The only requirement is a means of identification such as a Driver's license, International passport, NIN slip, Voter's card (any of these) and a clear headshot image of yourself.
How much do you charge on each transaction?
Charge-back fees are always between 2-5% which is usually deducted from your payer.
Who can use Movefunds?
Movefunds is used by everyone ranging from Individuals to Freelancers to Business owners (affiliate marketers, e-commerce owners, freelancers, online-preneurs, virtual assistants, web developers and so on). Movefunds serves everyone that makes money.
Can my client make payment using a bank transfer on Movefunds?
Yes, your client can make payment using bank transfer by signing up on Movefunds, undergoing the KYC requirements and he/she'd be all set to pay via bank transfer.
Can I send money to the US, UK, China and other countries abroad on Movefunds?
Yes, you can. Once you’re registered on Movefunds, you can do this seamlessly by reaching out to us here on our Live Chat and we will be able to enable you to do this.
Do I have to contact you once payment is made?
No, you don't have to contact us. You will get an email notification when we receive the payment from your payer. Disbursement into your provided local account is done automatically within 30 minutes.
What is the limit I can receive on Movefunds?
There’s no limit to the amount you can receive on Movefunds. However, every payout to your account will only be to a maximum of N2,000,000 per payout. If you have received above N2m equivalent, then you will be paid out in multiple batches of not more than N2m.
Is Movefunds legit?
We are trusted by scores of entrepreneurs from Nigeria to receive funds on their behalf and disburse into their local accounts. With a 100% deliverability record, Movefund is a must-have and the best and fastest way to receive money from abroad.
How much is your payout and receiving rate?
There’s no fixed payout or receiving rate as we all know the dollar fluctuates, that is, it increases or reduces on a daily basis.