payments

Bank Transfer Payment Guide

Bank transfers are the primary payment method for B2B transactions on Gloseg, offering security and compliance for African trade. ## Supported Bank Transfer Methods ### SWIFT Transfers For international payments outside Africa - Processing: 2-5 business days - Fee: $25-50 per transfer ### RTGS (Real-Time Gross Settlement) For high-value domestic transfers - Processing: Same day - Fee: Varies by bank ### PAPSS (Pan-African Payment and Settlement System) For intra-African payments - Processing: Instant to 1 hour - Fee: 0.5% capped at $500 ## Required Information **For Buyers:** - Seller's bank name and branch - Account number / IBAN - SWIFT/BIC code - Purpose of payment **For Sellers:** Add bank details in: Dashboard → Settings → Payout Methods ## Verification Process All bank accounts are verified via: 1. Micro-deposit verification 2. Bank statement upload 3. Account name matching ##…