You can receive payments in six currencies (USD, GBP, NGN, GHS, KES & ZAR) using Selar and what's great is, it's enabled for you by default and you don't have to do anything extra. All you have to do is set the price of your product in your local currency, and on your store page the buyers can switch to another currency, and we'd automatically convert the amount with the most favorable rates.
Our goal at Selar is to provide creators and entreprenuers with a single platform for all their payment needs. To achieve this, we support multiple payment options like: debit, credit and Amex cards, USSD, M-Pesa, Ghana mobile money, bank account transfers,
and many more.
We're also consistently working hard to support more currencies.
When setting up your Selar account, you set your local bank account/mobile money details, and that's where all your payouts will be sent. Local bank account simply means an account in the default currency of your country. E.g, As a Nigerian merchant your
local bank account will be your Naira bank account.
At this time, we only support automatic payouts for Naira. So if you make a sale in Naira, a day after the transaction we payout the funds straight to your Nigerian bank account automatically. However, for all other currencies and merchants in other countries, when you make a sale, we payout the funds to your Selar wallet, and you can withdraw it at any time to your local bank account/mobile money.
For any sale you make in a currency that is not your local currency, we convert the funds to your local currency and credit your Selar wallet, then you can withdraw the funds to your local bank account/mobile money at any time. E.g When a Ghanaian merchants
receives USD, we convert the USD received to GHS on the payout date, and credit the merchant's wallet. Then the merchant can withdraw the funds straight to their Ghanaian bank account or mobile money.
For currency conversions, we work hard to stick to very competitive rates.