Are you looking to increase your Nearpays account daily limit to manage more transactions efficiently?

Whether you're an individual user or running a business, Nearpays offers a structured approach to enhance your daily transaction limits through a tiered system.

Here’s a step-by-step guide on how you can upgrade your account.

Tier 1: Basic User Verification

For users new to Nearpays, starting at Tier 1 requires basic verification steps. Here’s what you need to do:

1. Provide your BVN (Bank Verification Number).
2. Complete the liveliness check to confirm your identity in real time.

Benefits of Tier 1

- Daily Limit: ₦50,000

- Cumulative Balance: ₦300,000

Tier 2: Enhanced User Verification

To unlock higher transaction limits, move to Tier 2 by providing additional documentation:

1. Provide your BVN.

2. Submit your NIN (National Identification Number).

3. Complete the liveliness check.

4. Upload a recent utility bill to verify your address.

Benefits of Tier 2

- Daily Limit: ₦200,000

- Cumulative Balance: ₦500,000

Tier 3: Advanced User Verification

For substantial daily limits, Tier 3 is your next step. Here’s what you need:

1. Provide your BVN

2. Submit your NIN.

3. Complete the liveliness check.

4. Upload a recent utility bill.

5. Upload a valid means of ID (passport, Voter’s card, or NIN slip).

Benefits of Tier 3

- Daily Limit: ₦5,000,000

- Cumulative Balance: Unlimited

Tier 4: Business Accounts

If you are a sole proprietor or managing a corporate account, Tier 4 offers tailored solutions.

Sole Proprietor

1. Provide your BVN.

2. Submit your NIN.

3. Complete the liveliness check.

4. Upload a recent utility bill.

5. Upload a valid means of ID (passport, Voter’s card, or NIN slip).

6. Upload CAC (Corporate Affairs Commission) document.

7. Provide a status report of your business.

Benefits of Sole Proprietor Business Account

- Daily Limit: ₦10,000,000

- Cumulative Balance: Unlimited

Corporate

1. Provide your BVN.

2. Submit your NIN.

3. Complete the liveliness check.

4. Upload a utility bill** showing the company's address.

5. Upload a valid means of ID (passport, Voter’s card, or NIN slip).

6. Upload your business CAC document.

7. Board resolution authorizing the corporate account opening and approving signatories (if applicable).

8. Copy of CAC certificate, MEMART, and a recent status report.

9. Details of directors including names, means of ID, BVN, and utility bills.

10. Passport photographs of directors.

11. Referees (2 referees).

Benefits of Corporate Business Account

- Daily Limit: ₦10,000,000

- Cumulative Balance: Unlimited

Selecting the Right Option

You can select between the Sole Proprietor or Corporate options depending on your needs when moving to Tier 4. Ensure all required documents are up-to-date and accurately reflect your personal or business details to avoid any delays in verification.

Conclusion

Increasing your Nearpays account daily limit is straightforward if you follow the tiered verification process. By providing the necessary documents and completing the required checks, you can easily scale your transaction capabilities to suit your personal or business-related needs.

Start upgrading today and take full advantage of what Nearpays has to offer!