Guidelines for sending money through Palremit P2P

Here are the key guidelines for sending and receiving money through Palremit’s peer-to-peer (P2P) feature.

Sending funds via Palremit P2P

• To send money via P2P, you need to have a funded Palremit account and have completed the KYC (Know Your Customer) verification process.

• Then on your app, select Send and choose the currency you want to send (e.g., NGN, USD, KES).

• Enter the details of the recipient (Palremit ID only) and the amount to send to them.

• You can send money in various currencies, including fiat (e.g. USD, NGN) and cryptocurrencies (e.g. BTC, ETH, USDT), directly to another Palremit user’s account.

Receiving funds via Palremit P2P

• To receive money, ensure you have your Palremit ID set up.

• The sender will only need your Palremit ID. So send them your Palremit ID and they can send you funds through Palremit P2P as in the steps above.

The transfer happens instantly between the two Palremit accounts, with the funds appearing in the recipient’s wallet immediately.