Pricing

Creating a crowdfunding campaign on NaijaFund is free and to contribute to a campaign is also free. When your campaign raises funds, NaijaFund charges a 10% fee on the funds you raise which covers the cost of maintaining the platform and the third-party payment processor Paystack, charges a further transaction fee of 1.5% + NGN100 on payments made by local Nigerian bank cards. Payments made by foreign cards are charged a 3.9% + NGN100 per transaction fee. International Transactions with USD Settlement into your GTB domiciliary account is charged a 3.9% fee.

Donations to crowdfunding campaigns are processed within 24 hours and sent to your bank on the next working day if it is above the NGN100 threshold, but it could take up to 7 working days for your bank to credit your bank account with the received funds. For donations less than N100, transfers will not be made automatically until your total donations cross the NGN100 threshold. 

BITCOIN: Pricing and payout for contributions made with Bitcoin vary slightly from above. Payouts will be made to the crypto wallet address provided by the campaign creator. Commission will also be charged at 10% as with card payments and a payment gateway processing fee of 2.5% will be charged and donors are responsible for gas or network fees that arise. Payouts will be made within 48 hours of successful payment completion if funds reach payout threshold to cover transfer/network/gas fees. Minimum payout amount  may apply. With bitcoin, transfer, conversion, withdrawal and at times gas fees arise from the crypto network depending on various factors like type of wallet, coins, tokens etc and these will be deducted from payout otherwise payout will fail as the crypto network will reject it.  If an error is made in the bitcoin wallet address the payout will be lost and retrieving it will be impossible. 

NOTE: We are only accepting payments from Nigerian bank cards and accounts while we integrate a new Foreign payment processor.

N:B: Campaigns/individuals/user data that are involved in any chargeback dispute will be liable for commissions no less than 20% with penalty charges increasing due to reoccurrence. Campaigns and user accounts could be unapproved and deactivated with repeated issues.