Merchant Policy
The official framework and terms of service for businesses and vendors scaling with Flur.
Introduction
This Merchant Policy outlines the rules and responsibilities of businesses using Flur for payment collection, POS operations, and business financial management. It is designed to ensure a secure merchant ecosystem and protect both businesses and their customers.
Merchant Eligibility
Registered Business
You must be a legally registered business entity or a recognized freelance operation in Nigeria.
Compliance Status
You must maintain active compliance with CAC and other relevant regulatory bodies.
Financial Standing
Merchants must have valid bank accounts and consistent business credentials to process payments.
Prohibited Sectors
Certain high-risk sectors may be restricted from using our payment collection tools.
Payments & Payouts
Payout Schedule
We provide clear and timely payouts to your designated merchant account. The standard payout cycle is T+1, ensuring consistent cash flow for your operations.
Transaction Security
Every transaction through Flur is secured with end-to-end encryption and real-time fraud monitoring.
- Anti-fraud transaction scoring
- Real-time dispute detection
Questions about merchant terms?View comprehensive version →