What is Flutterwave: How does Flutterwave Work? (A Review)

last Updated on July 10, 2023

What is Flutterwave?

Like Paystack, Flutterwave is a financial company that enables Africans to collect local and international payments online.

This company also allows Nigerians to create virtual dollar cards that they can use to pay for stuff online. People can also create free online stores with this platform.

Currently, the company has three major products; Barter, Rave and Flutterwave-stores. There are over 60,000 users using this payment platform. It is one of the most reliable and trusted payment partners of a lot of Nigerian and African businesses.

This online payment gateway has processed over 100 million transactions that amount to more than $2 billion. Some popular brands that use flutterwave to collect online payments in Nigeria and Africa are Uber, Jumia, IGIGM,  and Alat.

See: Paystack vs Flutterwave: Which is Better for you

Flutterwave Review

Fluterwave gets 5.0 rating for overall performance. This fintech company has over 60,000 customers in Africa. You can collect local and international online payments, create virtual dollar cards and also create a free online store with this company.

Ratings at Koboline are determined by taking into account pricing, discounts, ease of filing a claim, website transparency, financial strength, complaint data from social media.

When was Flutterwave Founded?

Flutterwave was founded in 2016. Its founders were Iyinoluwa Aboyeji and Olugbenga Agboola.

They sought to help companies, small business owners, creators, freelancers e-commerce businesses in Africa to easily send or receive money online from anywhere in the world.

Is Flutterwave Legit? Is it Safe and Secure?

Flutterwave is a legit online payment platform that allows people in Nigeria and other parts of Africa to collect and send money online and also sell products online.

Flutterwave is a safe and secure platform. Every payment made through this platform is completely secure.

How Does Flutterwave Work?

This online payment platform allows anyone in Nigeria to make and accept payments from customers anywhere in the world through its Rave product.

You can also get a Virtual Dollar Card from Flutter through its Barter product.

These virtual dollar cards allow you to make payments and shop online anywhere in the world where your local cards won’t allow you due to restrictions. You can also create Unlimited virtual dollar cards at will.

How Do You Use Flutterwave? What is it Used For?

You can use Flutterwave for a host of things like; collecting and receiving payment online as a business, creative or individual with different online payment options.

Sell products online with a free online store. Create virtual dollar cards for paying for international transactions. 

How do I get a Flutterwave Account?

Visit the Flutterwave website and click on “create account” and fill in the form to create an account.

Does Flutterwave Accept International Payment?

Yes, you can accept international payments in foreign currency like USD or EUR.

Is Flutterwave Free to Use?

You can create an individual or business account here for free.

How much does Flutterwave charge per transaction?

Flutterwave charges a flat rate of 1.4% processing fee per local transaction made via MasterCard, Visa, Bank Account, and USSD. The fee is capped at ₦2000. For International payments, they charge a 3.8% processing fee.

How do I Withdraw & get My Money From Flutterwave?

When you are logged into the dashboard, go to the balance option. You can withdraw money from there to your bank account.

What is Barter By Flutterwave?

Barter by Fluttwewave is a payment platform designed for Africans to send and receive money globally and the ability to create virtual dollar cards that work anywhere.   

Is Barter by Flutterwave Safe?

Barter is a safe and legit platform for online payments in Nigeria.

How do I get a Barter Card?

Open a barter account and create a card on your dashboard.

How Do You Use Barter?

You create a Barter account and then create a virtual dollar card you can use to pay for anything anywhere in the world.

How do I verify my Barter Account?

You can verify your Barter account by adding your BVN and Date of Birth.

What is Rave by Flutterwave?

Rave is one of the easiest, safe, and fastest ways for Nigerians to accept payments from anywhere in the world.

You dont need to pay anything to use Rave. It has zero-setup fees.Any Nigerian can use Rave. Whether you are a small business, company, institutions, conglomerates, and even individuals.

What is Flutterwave store?

Flutterwave store is a free online store for people in Nigeria who sell products online, and accept payments from anywhere in the world.

If you dont know how to code or dont want to create a website then creating a Flutterwave store is a good solution for you.

You can set up a store in minutes and start selling.

You can also use Flutterwave’s integrated delivery partners that pick up when you have an order and deliver to your customer. 

How does Flutterwave Store Work? How do I open a store?

To create a Flutterwave store, you need an account. If you don’t have one, sign up for an account here. If you have one already, sign in to your dashboard. Select “store” from the dashboard home page.

Then click ‘Setup my store’ on the store page you’re shown. Then add the requested details and Click ‘Complete Setup’. Your store link will be generated and displayed on the dashboard.

To add products to your store, Click ‘Add product’.

Checkout: How to Create a Free Online Store in Nigeria