📢 OFFICIAL MEMO TO OUR LOYAL CLIENTS: Optimize Your Wallet Funding on KingsVTU.ng

Dear Valued Vendor,

We’re committed to helping you maximize profits and minimize unnecessary costs on KingsVTU.ng. This memo is to officially inform and guide you on the most cost-effective methods of funding your wallet, so you can keep more of your money and trade smarter.

🚫 Monnify Funding Charges (Less Recommended)

  • Fixed charge: ₦53.80 per transaction

  • Example: When you fund ₦5,000, only ₦4,946 is credited to your wallet.

While Monnify is reliable, this flat fee makes it less ideal for smaller wallet top-ups.

 

✅ Recommended: Fund via SQUAD (GTBank) – Best for Small to Mid-Level Top-Ups

  • Charge: 0.4% of the amount funded

  • ₦2,000 funding = ₦8 fee

  • ₦5,000 funding = ₦20 fee

  • ₦10,000 funding = ₦40 fee

⚠️ Note: Charges are capped at ₦1,000 — this means that for high-value funding (e.g. ₦300,000), you may be charged as much as ₦1,000. We recommend using Squad only for wallet funding below ₦10,000.

 

✅ Highly Recommended: Fund via PAYMENTPOINT (PalmPay) – Best for High-Value Top-Ups

  • Charge: 0.5% of the funded amount

  • ₦2,000 funding = ₦10 fee

  • ₦5,000 funding = ₦25 fee

  • ₦10,000 funding = ₦50 fee

✅ Good news: Charges are capped at ₦50, even if you’re funding ₦50,000 or ₦500,000 — making this the most cost-efficient option for large transactions.


⚡ Instant Funding Confirmation

Both SQUAD (GTBank) and PAYMENTPOINT (PalmPay) funding methods reflect in your wallet within seconds once payment is received by the processor.

We appreciate your continued patronage. Please take advantage of these smarter funding options to boost your efficiency and profitability on KingsVTU.ng.

Trade smart. Fund wisely.

Warm regards,
Management, Xpinokings Limited
www.kingsvtu.ng