Cameroon - Collections Widget Details

OPERATING PROCEDURES

  • The service facilitates the collection of funds from customers for payment of goods and services offered by the partner using the MoMo Pay solution on an e-commerce website.

  • MMC shall (on its Mobile Money platform) create a collections account into which all funds collected will be held.

  • The Client can access the funds at any time once the transaction has been executed.

  • The client can opt for liquidation into their bank account or liquidate on their own from their collections account using other payment channels available on the MTN MoMo platform.

  • In case the client opts for liquidation into their bank account, the client’s bank details will be captured as part of the onboarding process by MMC.

  • The Client shall be charged a fee per transaction on their collections’ account.

  • The applicable fees are deducted directly from the client’s collections account as and when transactions are processed.

  • The transaction fees structure is stipulated in Schedule 2 below.

  • The fees may be changed from time to time and will be communicated accordingly on such medium as MMC may deem appropriate.

  • Each transaction performed by the client’s customers shall be subject to the transactional limits applicable as determined by the BEAC.

  • MMC may amend the provisions of this Transaction Procedure time to time as and when required.

SCHEDULE 3: FEES

This Schedule reflects the fees that shall be applicable to partners who use the Collections product.

DETAILS:

  • A Fee of 1% shall be charged per transaction.

  • The fee shall be charged directly on the client’s collections account.

  • A determination of the exact percentage will be done by MMC based on the Type of Business of the client and the expected average transaction value.

  • The fees can be negotiated between MMC and the client. For more information, please email us at MoMoCorporate.CM@mtn.com.

  • MMC may revise the fees from time to time per business decision and duly communicate any changes to the client.

  • There is no cost per API call.