As a freelancer, business owner, or contractor in Africa, receiving payments from overseas can be a challenge. That’s where Geegpay foreign bank account provider comes in – a solution to simplify international transactions. With Geegpay, you can receive payments from anywhere in the world and generate invoices for your employers using the smart invoice feature.
In this article, we’ll explore how to create a Geegpay foreign account, streamlining your transaction process and making it easier to get paid for your work.
What Is Geegpay Foreign Bank Account?
Geegpay foreign bank account was founded in 2022 by Alade Victor to address the payment challenges faced by African freelancers. The platform aims to provide borderless payment solutions, specifically designed to meet the needs of African freelancers and business owners.
Recently, Geegpay.co bank account provider had their services officially approved by the Central Bank Of Nigeria. Now they can operate as an International Money Transfer Operator (IMTO).
How To Create A Geegpay Foreign Bank Account
If you’re finding it difficult to create a Geegpay bank account, here are the steps to follow below:
- Download the Geegpay bank app on Google Play Store or App Store.
- Click on “Sign up.”
- Input your “Phone number” and click “Next.”
- Input the “6 digit code” sent to your phone number and click “Next.”
- Fill in your “Personal information.”
- Create Password and click “Next.”
- You have successfully created a Geegpay bank account.
How To Receive Payments With Geegpay Foreign Bank Account
Follow the steps below to receive payment with your Geegpay foreign bank account:
- Log into your Geegpay account.
- Click on “Accounts” on the homepage.
- Copy your “Account details.”
- Share your account details to the individual, organisation or companies you would receive your international payment from.
How To Send Payments With Geegpay Bank Account
- Log in to your Geegpay bank.
- Click on “Send money.”
- Click on “Add a new recipient.”
- Select “Bank transfer” and the “Currency” you want to send.
- Fill in the Recipient details and “Save a beneficiary.”
- Input the “Amount”, Confirm transaction and “Send.”
How To Verify Geegpay Foreign Bank Account
Below are the detailed steps to follow:
- Log in to your Geegpay bank app and click on “Verify account” on the Homepage.
- Click on “Email verification.”
- Input the “6 digit code” sent to your email address and click “Verify.”
- Click on “Proof of address.”
- Fill in your address information.
- Click on “ID verification” and “Upload the necessary documents”
What are Geegpay Bank Charges?
- Transaction Fees
The minimum fee Geegpay foreign bank account charges depends on the currency used for the transaction. If it’s a USD transaction, a percentage fee of 1% and $1.50 is charged. Also, if a payment of $2000 is made to your Geegpay bank account, a fee of $20 will be charged in addition to the minimum charge of $1.50. Making it $21.50 in total.
- Virtual Dollar Card Fee
For the creation of the Geegpay virtual dollar Mastercard a fee of $3 will be charged. If you’re creating a Visa card, $2 will be charged. The minimum amount to fund both cards is $2.
The maximum transaction limit on Geegpay virtual card is $2000 and the daily spending limit is $1000.
Make sure to check their website or contact their customer service Support@geegpay.africa for more information on specific charges.
How To Create A USD, EUR, And GBP Account On Geegpay
Before you create an international account on Geegpay bank account, you will need to have an account on Geegpay bank. Below are the steps:
- Log in to your Geegpay bank account.
- Click on “Accounts” on the homepage.
- Select “Create new” and click on the “Currency” you want.
- Your Geegpay foreign account will be created in your name.
Pros
- Facilitates multi-currency accounts for transactions.
- Provides freelancers the opportunity to create a payment invoice for their employer.
Cons
- High exchange rate and numerous transaction charges.
- Bad customer care service.
My Thoughts On Geegpay Foreign Bank Account
I had a mixed experience with Geegpay foreign bank account. Creating an account was quick and easy, taking less than 10 minutes. However, the verification process was challenging, with my documents being repeatedly rejected.
Unfortunately, the customer care service was unresponsive, and I’m still waiting for a resolution. On a positive note, I found the Geegpay interface user-friendly and easy to navigate. To improve, Geegpay should focus on enhancing their customer care service and streamlining the verification process.
Reviews on Geegpay Foreign Bank Account
A lot of Geegpay bank users shared their experiences via Google Play Store and Trustpilot.
A user on Trustpilot said:
“If you are a freelancer working with clients outside Nigeria and you aren’t using Geegpay to receive your funds… You are wrong. Geegpay is a lifesaver. Very transparent, reliable, fast and the oga patapata of them all is the sweet conversion rate.. You guys are doing well … Kudos. I’ll choose you over and over.. Having a USD, Euro, or Pounds Virtual account makes you look professional to your clients… Yeah, I kid you not, my dear remote workers. Go get yourself a Geegpay account.”
Another user on Google Play Store also said
“After submitting all required documents for verification my account got suspended without any reason twice. It’s even annoying that they keep reaching out to me on LinkedIn to use their services but it all ends in frustration. I am a full stack developer in need of a seamless cross border payment solution.”
Bottom Line
Geegpay foreign bank account offers a seamless payment solution for freelancers and business owners. With multi-currency accounts, Africans can create accounts in foreign currencies and transact with ease.
The user-friendly interface and robust features ensure a smooth banking experience. As digital transactions continue to evolve, Geegpay foreign bank account stands out as the ideal solution for African freelancers seeking effortless international transactions.
Frequently Asked Questions
1. Which African Country Is Geegpay Available In?
This platform is only accessible to those in Nigeria, Ghana, Kenya, Tanzania, Uganda and Egypt.
2. Can Geegpay Convert Naira To Dollars?
Yes, Geegpay account can convert naira to dollars. All you need to do is, input the amount of Naira you wish to convert to dollars.
3. Does Geegpay Work With Payoneer?
Absolutely! You can create invoices and get paid to your Geegpay account through payment methods like Payoneer.
4. How Long Does It Take Geegpay To Review My Account?
The account verification process is usually instant but sometimes it takes 1 to 2 business days.
