WHAT ARE PAYSIKA'S PRICES?
You are looking for an accessible solution that allows you to make online transactions securely. You then start researching the rates offered by PaySika to see if the prices match your expectations.
First of all, let us tell you that PaySika positions itself as an innovative and accessible financial solution, offering users simple, convenient, and above all, affordable banking services. Unlike traditional banks, PaySika focuses on transparent costs and reduced fees, making banking services more accessible for everyone.
Please note that no financial transaction is free for any financial institution. If you see nonexistent or lower fees compared to competitors, it’s because the financial institution is covering most of the costs.
Here’s a detailed overview of the prices and fees related to PaySika services:
Free and Simple Account Opening
One of PaySika's main advantages is that opening an account is entirely free. From the mobile app, you can create your account in just a few minutes, with no registration fees or hidden charges. This allows anyone to start managing their money quickly, without any initial financial barriers.
Virtual Bank Card: An Accessible and Innovative Tool at Low Cost
We offer a virtual VISA payment card, ideal for making online purchases securely. At PaySika, you have two types of virtual cards: the XAF virtual bank card and the USD virtual bank card. Naturally, their prices differ.
XAF virtual bank card: The first PaySika card is free. If it expires or is deleted, the next cards will cost 1,800 FCFA.
NB: Although our partners charge for card creation, we have decided to offer the first card for free at PaySika.
USD virtual bank card: The first card costs 4,150 FCFA, as do the subsequent ones. A pre-financing of $1 is required when creating the card, which will remain available on the card. If you decide to delete the card, this amount will be immediately refunded to your PaySika account. The conversion rate is set at 700 FCFA per dollar during recharges.
Physical Bank Card: More Freedom to Pay Anywhere
In addition to the virtual card, we offer you the possibility to request a physical VISA bank card. This card allows you not only to make online purchases but also to pay in stores or withdraw cash from ATMs.
Price: This card costs 5,000 FCFA, divided as follows:
3,000 FCFA for the card itself.
2,000 FCFA for delivery to your location.
No maintenance fees.
Deposits and Withdrawals: Simplicity and Flexibility with PaySika
For better clarity, we have divided this section into several parts.
4.1 Deposit to PaySika Account
At PaySika, we separate account recharges from card recharges for greater flexibility.
4.1.1 Recharge via Mobile Money:
Recharging your account from Orange Money or MTN Mobile Money is currently free, as PaySika covers the withdrawal fees charged by its partners.
NB: This service may change in the future, but for now, PaySika continues to absorb these costs.
4.1.2 Recharge by Bank Deposit:
You can also recharge your account via a bank deposit, with no additional fees.
4.1.3 Recharge from Another PaySika Account (PtoP):
Another PaySika user can transfer money to your account, free of charge.
4.2 Deposit to PaySika Bank Card
To recharge your XAF card, you can do it in two ways, while the USD card can only be recharged in one way.
4.2.1 Deposit from your PaySika account:
Once your PaySika account is recharged, you can transfer money directly to your card. This operation is free for the XAF card, while fees apply for the USD card depending on the amount deposited:
150 FCFA for deposits between $1 and $5.
300 FCFA for deposits between $6 and $10.
600 FCFA for deposits between $11 and $40.
2.5% fee for deposits over $40.
4.2.2 Deposit via a Visa card: You can also receive funds on your PaySika Visa card from another Visa card (Visa Direct). This option is available only for the XAF card and incurs a fee of 500 FCFA per transaction.
NB: For this to work, the sender must have a Visa card and the Visa Direct feature activated in their app.
4.3 Withdrawal from the Virtual Bank Card
You can withdraw money from your virtual card to your PaySika account at any time. This operation is free for both XAF and USD cards, though the exchange rate for dollars may vary.
4.4 Transfer from Your PaySika Account
There are two methods for withdrawing money from your PaySika account.
4.4.1 Transfer to a Mobile Money account: A minimum balance of 600 FCFA is required for each transfer, with a fee of 2.5% per transaction.
4.4.2 Transfer to another PaySika account: This transfer is free. Just make sure the recipient has a verified PaySika account.
Secure and Transparent Online Payments
With your virtual or physical card, you can make secure payments. All fees are clearly detailed.
Fees for XAF card payments: Payment fees are 1.79% (including VAT), plus Visa fees of 500 FCFA for transactions in another currency. Additional fees may apply depending on the platforms used.
Fees for USD card payments: There are no additional charges, as you have already paid for the card's recharge.
NB: Fees may vary depending on the partners providing the bank cards.
For physical cards, fees will be communicated when they become available.
At PaySika, there are no surprises: we are committed to offering transparent pricing with no hidden fees. Unlike traditional banks, which may impose hidden charges, PaySika guarantees total transparency on prices and services. All fees are clearly displayed in the mobile app, allowing users to manage their budgets with confidence.
First of all, let us tell you that PaySika positions itself as an innovative and accessible financial solution, offering users simple, convenient, and above all, affordable banking services. Unlike traditional banks, PaySika focuses on transparent costs and reduced fees, making banking services more accessible for everyone.
Please note that no financial transaction is free for any financial institution. If you see nonexistent or lower fees compared to competitors, it’s because the financial institution is covering most of the costs.
Here’s a detailed overview of the prices and fees related to PaySika services:
Free and Simple Account Opening
One of PaySika's main advantages is that opening an account is entirely free. From the mobile app, you can create your account in just a few minutes, with no registration fees or hidden charges. This allows anyone to start managing their money quickly, without any initial financial barriers.
Virtual Bank Card: An Accessible and Innovative Tool at Low Cost
We offer a virtual VISA payment card, ideal for making online purchases securely. At PaySika, you have two types of virtual cards: the XAF virtual bank card and the USD virtual bank card. Naturally, their prices differ.
XAF virtual bank card: The first PaySika card is free. If it expires or is deleted, the next cards will cost 1,800 FCFA.
NB: Although our partners charge for card creation, we have decided to offer the first card for free at PaySika.
USD virtual bank card: The first card costs 4,150 FCFA, as do the subsequent ones. A pre-financing of $1 is required when creating the card, which will remain available on the card. If you decide to delete the card, this amount will be immediately refunded to your PaySika account. The conversion rate is set at 700 FCFA per dollar during recharges.
Physical Bank Card: More Freedom to Pay Anywhere
In addition to the virtual card, we offer you the possibility to request a physical VISA bank card. This card allows you not only to make online purchases but also to pay in stores or withdraw cash from ATMs.
Price: This card costs 5,000 FCFA, divided as follows:
3,000 FCFA for the card itself.
2,000 FCFA for delivery to your location.
No maintenance fees.
Deposits and Withdrawals: Simplicity and Flexibility with PaySika
For better clarity, we have divided this section into several parts.
4.1 Deposit to PaySika Account
At PaySika, we separate account recharges from card recharges for greater flexibility.
4.1.1 Recharge via Mobile Money:
Recharging your account from Orange Money or MTN Mobile Money is currently free, as PaySika covers the withdrawal fees charged by its partners.
NB: This service may change in the future, but for now, PaySika continues to absorb these costs.
4.1.2 Recharge by Bank Deposit:
You can also recharge your account via a bank deposit, with no additional fees.
4.1.3 Recharge from Another PaySika Account (PtoP):
Another PaySika user can transfer money to your account, free of charge.
4.2 Deposit to PaySika Bank Card
To recharge your XAF card, you can do it in two ways, while the USD card can only be recharged in one way.
4.2.1 Deposit from your PaySika account:
Once your PaySika account is recharged, you can transfer money directly to your card. This operation is free for the XAF card, while fees apply for the USD card depending on the amount deposited:
150 FCFA for deposits between $1 and $5.
300 FCFA for deposits between $6 and $10.
600 FCFA for deposits between $11 and $40.
2.5% fee for deposits over $40.
4.2.2 Deposit via a Visa card: You can also receive funds on your PaySika Visa card from another Visa card (Visa Direct). This option is available only for the XAF card and incurs a fee of 500 FCFA per transaction.
NB: For this to work, the sender must have a Visa card and the Visa Direct feature activated in their app.
4.3 Withdrawal from the Virtual Bank Card
You can withdraw money from your virtual card to your PaySika account at any time. This operation is free for both XAF and USD cards, though the exchange rate for dollars may vary.
4.4 Transfer from Your PaySika Account
There are two methods for withdrawing money from your PaySika account.
4.4.1 Transfer to a Mobile Money account: A minimum balance of 600 FCFA is required for each transfer, with a fee of 2.5% per transaction.
4.4.2 Transfer to another PaySika account: This transfer is free. Just make sure the recipient has a verified PaySika account.
Secure and Transparent Online Payments
With your virtual or physical card, you can make secure payments. All fees are clearly detailed.
Fees for XAF card payments: Payment fees are 1.79% (including VAT), plus Visa fees of 500 FCFA for transactions in another currency. Additional fees may apply depending on the platforms used.
Fees for USD card payments: There are no additional charges, as you have already paid for the card's recharge.
NB: Fees may vary depending on the partners providing the bank cards.
For physical cards, fees will be communicated when they become available.
At PaySika, there are no surprises: we are committed to offering transparent pricing with no hidden fees. Unlike traditional banks, which may impose hidden charges, PaySika guarantees total transparency on prices and services. All fees are clearly displayed in the mobile app, allowing users to manage their budgets with confidence.
Updated on: 17/01/2025
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