Question 1

What is Ratefy?

Accepted Answer

Ratefy is a Nigerian fintech platform that lets African entrepreneurs spend Naira globally and convert foreign earnings (Payoneer, Fiverr, TikTok, USDT, USDC) into Naira. Every trade is escrow-protected. Products include OTC Deals, a P2P Marketplace, Coin to Cash conversion, Naira and USD wallets, and international Procure.

Question 2

Is Ratefy safe to use?

Accepted Answer

Yes. Every marketplace transaction is protected by automated escrow, buyer Naira is locked the moment a trade starts and only released when both parties confirm. Ratefy Technology Limited is registered with Nigeria's Corporate Affairs Commission (CAC) and is NDPR-compliant for data protection.

Question 3

How do I sell my Payoneer or Fiverr earnings on Ratefy?

Accepted Answer

Two options: take a curated OTC Deal for a guaranteed rate and fast settlement, or post / take a Marketplace offer to trade peer-to-peer with verified merchants. Both flows are escrow-protected.

Question 4

How do I convert USDT or USDC to Naira?

Accepted Answer

Use the Coin to Cash flow. Send USDT or USDC on BSC, Ethereum, Tron, Polygon, Solana, or Base. Ratefy converts and pays out to your Nigerian bank account or Naira wallet, typically within seconds. The conversion fee is 1%.

Question 5

What fees does Ratefy charge?

Accepted Answer

2% commission on completed marketplace trades (deducted from the offer owner, ₦500 minimum). Transfer-in is 0.5% capped at ₦200; transfer-out is ₦20 flat plus 7.5% VAT. Internal transfers between Ratefy wallets are free. Coin to Cash is 1%. Pro KYC verification (USD wallet) is a one-time $4 fee.

Question 6

Who can use Ratefy?

Accepted Answer

Anyone aged 18 or above who agrees to Ratefy's Terms. Browsing requires no KYC; trading on Marketplace, OTC, and Coin to Cash requires Standard KYC (BVN/NIN + liveness check). The USD wallet requires Pro KYC.

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