What is a Starter Business on ivorypay?

Starter Businesses are small and medium scale businesses that are not registered with the appropriate regulatory authorities in their country. These businesses are allowed to use ivorypay to accept payments from customers, While they are in the process of getting registered.

Limitations to a Starter Business

Starter businesses have a payment limit. To accept payments exceeding this limit, they must upgrade to a Registered Business.

Here are the limits for Starter Businesses based on their operating country.

Country	Starter Business Limit
Nigeria	NGN 2,000,000
Ghana	GHS 30,000
South Africa	ZAR 80,000
South Africa (sole proprietorship)	ZAR 1,000,000
Kenya	KES 300,000

Requirements for a Starter Business

To ensure compliance, we verify the personal identity and documents of the business owner. 

Country	Requirements
Nigeria	Valid government-issued means of identification  Bank statement showing current address  Proof of address
Ghana	Valid government-issued means of identification Tax identification number Bank statement showing current address
South Africa	National ID number/passport number Settlement bank personal account Confirmation letter National or smart ID or passport data page
Kenya	Valid government-issued means of identification Personal bank account or mobile number

If you need any help or have questions regarding your business verification process, you can reach out to us at [e-mail] and we'll be happy to guide you through the process.

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What is a Registered Business on ivorypay?

How do I upgrade from a Starter Business to Registered Business?