How does Juicyway Handle Cross Border Payments

If you’ve ever tried sending or receiving money across African borders, you already know the struggle—delays, high fees, and confusing processes. But with Juicyway, those hassles are history. We’ve built a platform to provide practical payment solutions that give you access to international markets in real time and with minimal cost. In this article, we’ll explore how Juicyway handles cross-border payments, its innovative features, and its benefits to individuals and businesses.

Juicyway and Cross-Border Payments

Cross-border payments have become more important in today's connected world. Whether you, in Nigeria, are ordering from a designer store in the U.S. or getting “small something” from your uncle in Canada, seamless transactions are essential. Unfortunately, the current landscape in Africa makes such transactions anything but easy.

Juicyway was created with one goal: to make cross-border transactions as smooth as local ones. By enabling Africans to easily transact internationally, we’re connecting the continent to the global economy one payment at a time.

How Juicyway Handles Cross-Border Payments

Here’s how Juicyway keeps things simple for you:

Same Currency Cross Border Payment

Here's how the same currency transactions work on the platform:

1. For CAD Transactions: Our app uses Interac for CAD-to-CAD payments, whether you're depositing or making payouts. Simply input the amount you want to send or receive, follow the prompts, and you’re ready. (Just make sure the sender’s bank operates in Canada!)
2. USD: When you complete your application verification and onboarding process, you automatically get a U.S. bank account directly linked to your Juicyway account. This means you can send and receive USD payments directly. For now, your USD account can only receive direct USD deposits from other USD accounts. Soon, you will be able to receive direct USD deposits from non-US banks.
3. Naira: You can deposit or receive money from a Nigerian bank account in your Naira wallet. When making naira payouts, you only need to provide the recipient's Naira account details and click send.

Cross-currency Cross-Border Payments

All inter-currency transactions happen on the app without any external parties. So, you can use any of your accounts for international payments without converting from one currency to another. Here's how we ensure seamless international payments:

1. Dynamic Liquidity Pool: Our system ensures a steady inflow of foreign currencies. So, you can always access foreign currencies for your international transactions whenever necessary.
2. Cross-Currency Payouts: With your Juicyway app, there's no need for third-party platforms. You can send money in crypto or fiat currency; the recipient receives it in another currency.
3. Ownership of Naira Rates: Juicyway's ownership of the price discovery engine for Naira Rates helps improve market efficiency by providing you with transparent, real-time pricing data.

Why Juicyway Works for Everyone

Juicyway is the future of cross-border transactions. The platform plays an essential role in Africa's current remittance system because it is built to solve existing problems. Some of Juicyway's solutions include:

Stablecoins and Cryptocurrency integration: The platform further extends your reach in the international market by including digital currency. So, even if your preferred currency isn't on the platform, you can bridge the gap with crypto.

Multi-Currency Accounts: Your multi-currency account helps handle local and international transactions and helps you simplify your financial operations with centralised account management. You also gain access to a streamlined system for managing multi-currency transactions.

Open Exchange Order Book: Juicyway allows you to set your exchange rates for trades on an open order book. You can use the Limit Order feature to transact at your preferred rate or use Market Orders at the current rate.

Payment Links for Businesses: Businesses can generate payment links to collect payments from clients and partners anywhere in the world. Payments received through the links are credited directly to your Juicyway account. You can customise or share your link via chat, email, or your company's website.

Why Juicyway?

We know the frustrations that come with sending money internationally. That’s why Juicyway was built to remove every unnecessary barrier. Here’s what sets us apart:

Ease

With your Juicyway app, you can do almost anything. Creating an account gives you access to a free multi-currency account, cryptocurrency and stablecoin wallets on your app. The app is your one-stop shop for seamless international transactions.

Instant Payout

With Juicyway, the only delay you experience is making up your mind 😃. Transactions on the platform are simple and instant, whether you want to make payments, convert from crypto to fiat, or exchange currencies.

Transparency

With Juicyway, what you see is what you get- literally. There are no hidden fees on the platform.

Independence

Juicyway allows you to take charge of your financial life, no matter where you are. We provide financial tools that adapt to your lifestyle, whether you are a business or an individual.

Ready to Get Started?

Juicyway is here to make your financial life easier, whether you’re sending money to a loved one, running an international business, or looking for a smarter way to pay.

Sign up now and join thousands of Africans enjoying stress-free cross-border payments.

FAQs

What are Juicyway Fees?

Here's an update on our payout and deposit fees:

• Payout Fees: Flat ₦75 per payout.
• Deposit Fees for Individuals: 0.5%, capped at ₦200 (minimum fee: ₦50 for deposits under ₦10,000).
• Deposit Fees for Businesses: 0.5%, capped at ₦500 (minimum fee: ₦50 for deposits under ₦10,000).

Can I use the Juicyway app in Canada?

Absolutely! You can use the Juicyway app anywhere in the world. All you need is internet access and a smart device. Download the app on Playstore or the App Store to get started!

Is there a transaction limit for individual accounts?

Yes. Transaction limits for individual accounts depend on your location.

International users: $3,000 daily or $10,000 monthly.

Nigerian users: ₦ 100,000 daily or ₦ 500,000 monthly for tier 1 & 2 accounts.

₦ 5,000,000 daily or ₦ 20,000,000 monthly for tier 3 accounts.