FedaPay offers multiple account types tailored to meet the specific needs of each user. Whether you are a business, freelancer, NGO, government institution, or managing a marketplace, FedaPay provides a customized solution to securely and easily process your payments. Here is an overview of the available options:
Who is it for?
This account is designed for Non-Governmental Organizations (NGOs) and non-profit associations.
Why choose this account ?
No transaction limits, whether per operation or per week.
Tailored to the specific needs of humanitarian and associative organizations.
Required Documents (KYC):
Official registration document of the association.
ID card of the legal representative.
Who is it for?
If you are a freelancer or service provider looking to receive payments easily, this account is for you.
Key Features:
Required Documents (KYC) :
ID card.
Tax Identification Number (IFU).
Signature.
Who is it for?
Legally registered businesses that want to integrate online payments and efficiently manage their cash flow.
Why choose this account ?
Required Documents (KYC) :
Who is it for ?
This account is designed for government institutions and administrative entities.
Why choose this account ?
Required Documents (KYC) :
Validation by the FedaPay team.
Who is it for ?
This account is specifically designed for marketplace platforms that connect sellers and buyers and need to automate payment and commission management.
Why choose this account ?
Required Documents (KYC) :
With a Marketplace Account, you can integrate sub-accounts, allowing automatic payment distribution among multiple parties.
Use Case Example :
A marketplace connects multiple vendors. When a customer makes a purchase, a commission is deducted for the platform, and the remaining payment is automatically transferred to the relevant vendor.
Conditions to activate sub-accounts :
When you create a transaction on your marketplace, you can specify how the amount should be divided between the main account and service providers.
Example of an API request for commission distribution :
In this example, 1,500 XOF will be transferred to the sub-account of the service provider (acc_xxxxxxxxx), while the main account retains the remaining amount after deducting FedaPay fees.
Note: The total distributed amount must be less than the transaction amount minus FedaPay commissions; otherwise, the transaction will fail.
From your FedaPay dashboard, you can monitor all transactions with commission distribution by viewing their details.
You can invite a service provider to join your FedaPay Marketplace account directly from your dashboard.
Steps to invite a business :
Go to the 'Marketplace' menu in your dashboard.
Click on 'Invite a Business' and fill in the necessary details.
Once the invitation is accepted, the provider can receive payments via your platform, and you can pay them commissions.
FedaPay allows you to automate the onboarding of new providers by integrating the sub-account functionality directly into your system via API.
Example code snippet for automating sub-account creation:
FedaPay ensures the verification and validation of the information to comply with KYC regulations.
If you have a Freelancer Account (individual account), you can convert it into a Business Account by following these steps:
Access the Upgrade Option
Verify the Required Documents
Confirm the Conversion
Submit the Request
When creating or updating a FedaPay account (Freelancer, Business, or Marketplace), it is essential to provide accurate tax information, based on your country of operation. This data is required for proper legal identification and regulatory compliance.
🇧🇯 Benin
IFU (Unique Tax Identification Number)
🇸🇳 Senegal
IFU/NINEA (National Business and Association ID Number)
🇧🇫 Burkina Faso
Unique Financial Identifier
🇨🇮 Ivory Coast
IDU/NIF (Unique Identifier / Tax Identification Number)
🇹🇬 Togo
NIF (Tax Identification Number)
🇳🇪 Niger
NIF (Tax Identification Number)
🇬🇳 Guinea
NIF (Tax Identification Number)
🇲🇱 Mali
NIF (Tax Identification Number)
Make sure the submitted tax document is valid and matches the exact legal name of the entity.
For Business and Marketplace accounts, the share capital stated in the application form must match exactly what is written on the RCCM (Commercial and Movable Credit Registry) document.