payments

Bank Verification for Payouts

# Bank Verification for Payouts Secure bank verification ensures safe payouts to sellers. ## Why Bank Verification? - Confirms account ownership - Prevents fraud - Ensures correct payouts - Required for all sellers ## Supported Countries We verify bank accounts in: - Nigeria (all banks) - Ghana (all banks) - Kenya (all banks) - South Africa (major banks) - And 50+ African countries ## Verification Process ### Step 1: Enter Bank Details Provide: - Bank name - Account number - Account name (as on bank statement) - Branch/sort code ### Step 2: Micro-Deposit Verification For some regions: - We send small amount (e.g., $0.10) - Confirm exact amount received - Proves account access ### Step 3: Instant Verification For supported banks: - API verification - Instant confirmation - Name matching check ### Step 4: Confirmation Once verified: - Green checkmark displayed - Ready for payouts -…