Last Updated on September 5, 2024 by admin
Are you looking at a payment portal that enables all types of businesses to make and receive payments from anywhere in the world!With Gtbank Squad by HabariPay you can pay seamlessly for everyone, from individuals with personal needs to businesses with big dreams.
With Gtbank Squad by HabariPay- a subsidiary of Guaranty Trust Holding Company that provides payment solutions to businesses. you can start receiving payments even if you are not a registered business. A world where you can have more than one business account controlled from one place.
You can also buy airtime and data bundles from Squad with the help of SquadVAS you can also Create limitless NUBAN compliant virtual accounts for your business using APIs.
Squad services include payment, payment gateway, PoS, and eCommerce. Merchants will be charged a fee of 1 percent on the transaction amount plus N50. exceptions may apply in respect of travel and entertainment merchants including but not limited to hotels, restaurants, airlines, etc.
With a squad virtual account you can Accept payments locally, also Instant carry out reconciliation of payments. Customers can carry out Direct funding and fast collections to your Squad account and have Easy recurring payments for all business types .
Features and Functionalities:
- Accept and initiate payments online or via social media channels using payment links, e-invoices and storefront features.
- Receive and confirm in-store transfers instantly using Virtual account service.
- Get unique USSD codes for your business to receive payments.
- Use your mobile phone to accept card payments by downloading the squad app. This feature is especially useful if you do not have a POS terminal (Please note that the mobile phone must be NFC enabled).
Benefits of using GTCO Squad:
- Offer your customers multiple payment options and a seamless checkout experience.
- Expand your reach and accept payments from customers anywhere in the world.
- Streamline your payment processes and reduce administrative overhead.
- Gain valuable insights into your sales and financial performance.
- Enjoy robust security features to protect your transactions and customer data.
- User-friendly interface and multiple access points (web, mobile app, USSD).
What can you do with GTCO Squad
With Squad, you can perform the following business transaction as stated below:
1/ Accept and initiate payments online or via social media channels using our payment links, e-invoices and storefront features.
2. Receive and confirm in-store transfers instantly using our Virtual account service.
3.Get unique USSD codes for your business to receive payments.
4.Use your mobile phone to accept card payments by downloading the squad app. This feature is especially useful if you do not have a POS terminal (Please note that the mobile phone must be NFC enabled).
How to register or enroll for Squad
1. To register for Squad kindly Visit the Squad Website
2 Click create account
3. Enter your first and last names
4.Enter your Business Name, as you want it to appear in all you business dealings
5. Enter your phone number and email
6. Create a strong password
7. Submit
How Does Squad By GTCO work?
With Squad, you can;
- Accept and initiate payments online or via social media using our payment links, e-invoices, and storefront features.
- Receive and confirm in-store transfers instantly using our Virtual account service.
- Get unique USSD codes for your business to receive payments.
- Use your mobile phone to accept card payments by downloading the squad app. This feature is handy if you do not have a POS terminal (Please note that the mobile phone must be NFC enabled).
Services Offered By Squad
Squad, powered by GTCO, offers a suite of services to empower businesses in accepting payments, managing sales, and gaining insights into their financial performance. Here are the core services offered by Squad:
Payment Solutions:
- Payment Gateway: A secure and reliable payment gateway for online transactions, allowing businesses to accept various payment methods, including cards, bank transfers, and USSD payments.
- Payment Links: Generate unique payment links that can be shared with customers via email, social media, or messaging apps, enabling them to make quick and secure payments online.
- SquadPOS: Turn your NFC-enabled Android phone into a POS terminal to accept contactless card payments in-store, providing mobility and convenience.
- Virtual Accounts: Create unique virtual account numbers for each customer or transaction, simplifying reconciliation and tracking.
- USSD Payments: Offer customers a dedicated USSD code for their business, making it easy for them to make payments even without smartphones or internet access.
Sales Management:
- E-commerce Integration: Seamlessly integrate Squad with your online store to accept payments directly, providing a smooth checkout experience for customers.
- Storefront: Build a customizable online store to showcase your products or services and accept payments directly, even without a full-fledged website.
- Inventory Management: Track your stock levels, product variations, and manage inventory efficiently within Squad.
- Order Management: Process and fulfill customer orders seamlessly, tracking order status and shipment details.
- Sales Analytics: Get detailed reports and insights into your sales performance to identify trends, understand customer behavior, and make informed business decisions.
How to upgrade Know Your Customer (KYC)
To upgrade your KYC kindly follow the steps below:
1.Verify your email address
2.Verify your phone number
3. Enter your NIN
4. Verify your BVN
5. Enter a verifiable physical address
6.Add other business details
7.Link your bank account
8. Create a USD account (if need be).
SquadPOS
Squad Pos is an innovative new technology that allows merchants to accept card payments directly on their mobile devices without any additional hardware, or POS machines.
You can simply allow your customers to make payment by holding their contactless card close to your mobile device making it cost-effective and simple. This, in my opinion, is even a better alternative to the traditional POS machine.
Squad Payment Links transaction fees
1.Local Transactions1%per transaction
2.No setup cost
3.Accept Mastercard, Visa, USSD and Bank transaction
Squad Payment Links for International Transactions
1. 3.5%per transaction
2. Settlement charges into GTBank Dom account:
Not applicable
3. Settlement charges into non-GTBank Dom account:
4. 0.5% of transaction value + VAT (FX commission)
5. $13.5 Swift charge
6. $25 Correspondent Charges
Note: Only net cumulative transaction value of $100 and above will be paid into your settlement account to allow the respective charges to be deducted.
SquadPOS Local Transactions fees
1.Local Transactions 0.25%per transaction
2.No setup cost
3.Accept Mastercard and Visa
4.Fees per transaction capped at NGN 1,000s
Squad USSD transaction fees
1.Local Transactions1%per transaction
2.No setup cost
3.Receive payments from local customers
4.Minimum fee of NGN 20 per transaction
5.Fees per transaction capped at NGN 1,000
Squad Virtual Accounts transaction fees
1.Local Transactions0.1%per transaction
2.No setup cost
3.Receive payments to virtual account
4.Fees per transaction capped at NGN 1,000
Who owns Squadco?
Squadco is owned by HabariPay Limited, a subsidiary of Guaranty Trust Holding Company (GTCO).Essentially, GTCO is the parent company, and HabariPay is the direct owner and operator of the Squadco payment platform.
What is Squad by GTCO?
Squad by GTCO is a comprehensive payment and business management solution designed to empower businesses of all sizes, from small enterprises to large corporations. It’s a product of HabariPay, a subsidiary of Guaranty Trust Holding Company (GTCO).
Essentially, Squad enables businesses to:
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Accept Payments:
- Online through payment links, e-invoices, and customizable storefronts.
- In-store using NFC-enabled Android phones (SquadPOS) or traditional POS terminals.
-
Via USSD codes, catering to customers without smartphones or internet access.
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Manage Sales:
- Track inventory, process orders, and analyze sales data.
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Initiate Payments:
- Send money to other bank accounts.
- Pay bills and invoices.
- Make bulk payments.
In Summary:
Squad by GTCO is a powerful tool that enables businesses to accept payments, manage sales, and gain better control over their finances, ultimately fostering growth and success in the digital marketplace.
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