No, you don’t need to complete KYC to fund your BinaPay wallet. We offer both KYC and non-KYC funding methods to ensure flexibility and convenience for all users. Let’s explore your options:

Non-KYC Funding Options

You can fund your wallet easily without completing KYC using the following methods:

1. Paystack (Fastest and Automated)

• Paystack is the fastest funding method and requires no manual intervention.
• It doesn’t require KYC, making it accessible to all users.
• Offers multiple payment options like bank transfer, debit card, USSD, and more.
• Transactions are processed instantly, but note that the maximum amount per transaction is ₦2,500.

2. Manual Funding

• This method doesn’t require KYC either.
• Users receive a payment account to transfer funds.
• After payment, follow the instructions to submit the necessary details.
• The BinaPay admin team manually reviews and approves the funding, which may take a bit longer than the automated Paystack option.

KYC-Required Funding Option

If you need higher funding limits or prefer a virtual account, the Bank Transfer method is the best option.

Bank Transfer (KYC Required)

• Complete your KYC by verifying your account with your BVN or NIN.
• Once verified, a virtual account will be created for you with banks like Wema Bank, Polaris Bank, or 9 Payment Service.
• You can use this dedicated account to fund your wallet automatically and without any manual steps.

Which Funding Method Should You Choose?

• For quick and automated funding, choose Paystack—it’s fast, seamless, and requires no KYC.
• If you prefer a non-KYC method with higher limits, go for Manual Funding.
• If you’ve completed KYC and want a fully automated process with unlimited transaction amounts, the Bank Transfer option is ideal.

At BinaPay, we’ve made it easy for you to fund your wallet with or without completing KYC. If you have questions or need assistance, our support team is ready to help. Thank you for choosing BinaPay!