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PayPal and Ripple Client Flutterwave Cut Fees for Cross-Border Payments in Africa

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Tue, 08/03/2021 - 12:52
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Yuri Molchan
PayPal giant and Ripple client Flutterwave are promoting international payments for African merchants and are running big discounts for them
PayPal and Ripple Client Flutterwave Cut Fees for Cross-Border Payments in Africa
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PayPal payments behemoth and Flutterwave—which runs on RippleNet—are cutting off fees for cross-border payments for African merchants as part of a promotion to lure them to sell their goods and services to overseas markets.

PayPal offers discounts to RippleNet clients

Within this promotion, PayPal and Flutterwave are enabling participating merchants to obtain $500 worth of receipts via PayPal free of charge.

In other circumstances, merchants would be charged 4.4 percent plus $0.30 per transaction. This rebate will be active for 60 days and merchants will not pay any fees for their first $500 worth of international payments.

Related
Ripple Client Currencyсloud to Build New E-Money Solution within New Big Partnership

PayPal and Flutterwave partnership

The two companies teamed up back in March to allow Flutterwave's merchant customers in Africa to conduct payments via the "Pay with PayPal" feature.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.