Understanding the costs and potential revenue streams associated with the Kuda Business API is crucial for making informed decisions about your integration. Let's break down the pricing structure and revenue opportunities.
Overview of Kuda Business API Pricing Structure
Kuda's pricing model is designed to be transparent and aligned with your business growth. We charge fees for various services to cover our costs and ensure we can continue providing top-notch API services.
Costs Associated with Accepting Payments
When you use the Kuda Business API to accept payments, we charge a processing fee based on a percentage of the transaction value. This fee covers the costs of securely processing and handling payment transactions on your behalf.
Pricing for Accepting Payments
Pay with Kuda: 0.1% of transaction value (capped at ₦100)
For example, if you accept a payment of ₦10,000 via Pay with Kuda, the fee would be ₦10 (0.1% of ₦10,000).
Fees for Making Payments
The Kuda Business API allows you to make various types of payments, including bank transfers and utility payments. Here's how the pricing works:
Bank Transfers
For bank transfers, Kuda charges a flat fee per transaction. The fee varies based on the transaction volume:
0 - 10,000: ₦12 per transaction
10,000 - 100,000: ₦10 per transaction
100,000 - 400,000: ₦9 per transaction
400,000+: ₦7 per transaction
Utility Payments
When it comes to utility payments, you're actually reselling Kuda inventory. As such, you earn a commission on each transaction. The commission rates vary depending on the type of utility payment.
To view the current commission rates for bill payments, please check our Bill Payments Commission Table.
Instant Settlement
For information about instant settlement pricing, please reach out to our sales team at [email protected]. They can provide you with tailored pricing based on your specific business needs and transaction volumes.
Revenue Opportunities with Kuda Business API
The Kuda Business API offers several opportunities for revenue generation:
Agency Banking: As an agent, you can earn commissions on transactions processed through your location, such as cash deposits, withdrawals, and bill payments.
Bill Payments: As mentioned earlier, you earn commissions on utility payments processed through the API.
Value-Added Services: You can build additional services on top of the Kuda API, potentially creating new revenue streams unique to your business model.
Remember, while these fees contribute to the cost of your operations, they also ensure that you're getting a reliable, secure, and feature-rich API service. By leveraging the full capabilities of the Kuda Business API, you can create value for your customers and generate revenue for your business.
For the most up-to-date pricing information or if you have any questions about how our pricing structure applies to your specific use case, don't hesitate to reach out to our sales team. We're here to help you maximize the value of your Kuda Business API integration!