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FAQs
General
Here are some frequently asked questions about EMBEDLY and our wallet systems.
What is EMBEDLY?
What are the main product offerings?
Open Wallet
Open Wallet supports transfers to and from any Nigerian bank, card issuance, and seamless payouts.
Who uses the Open Wallet product?
What can businesses do with the Open Wallet API?
What are the onboarding requirements for merchants?
What are the customer onboarding requirements?
What are the wallet KYC tiers and their limits?
What are the payout service fees?
What is the wallet funding fee?
What is the fee for KYC API checks?
Closed Wallet
Closed Wallet is used within a business's ecosystem, supporting internal transfers, QR/POS payments, and custom card issuance.
What is a Closed Wallet?
What services does the Closed Wallet support?
What are the onboarding requirements for merchants?
What are the customer onboarding requirements for closed wallet?
What are the fees for card branding and issuance?
What is the collection fee for Closed Wallets?
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