InstantPay Wallet (NGN) - Merchant Guide

If you're an Onboard merchant, InstantPay Wallet is a new payment method for your NGN (Naira) ads on Onboard Exchange and OPN. It enables smoother onramp transactions and, for OPN merchants, fully automated payouts—no manual fund recycling required.

👉 Read this guide to get set up and start transacting with InstantPay Wallet.

Why use InstantPay Wallet?

• More orders: Ads using InstantPay Wallet are prioritised when customers fund their accounts, increasing your visibility and order volume.
• Better experience = higher conversions: Customers complete payments via a fully automated flow - no manual confirmation or intervention needed from you.
• Lower fees: Cheaper than other automated payment methods (e.g. Paga), helping you earn more profits.

🎥 Videos

📹 How InstantPay Wallet works - creating ads on Onboard Exchange (watch this first)

📹 How InstantPay Wallet works - for OPN merchants

How to create a Sell ad (on Onboard Exchange) using InstantPay Wallet

1. Go to your merchant dashboard
2. Create a new Sell ad or edit an existing one
3. Set your asset, price, available amount, and limits
4. Select your payment method (receiving bank account)
5. Toggle “Use InstantPay”, and select InstantPay Wallet (NGN)
6. Review and publish your ad

What happens during an order?

When a customer initiates an order on an ad which you created with InstantPay Wallet:

• They won’t see your bank details
• Instead, they get a one-time account number generated in their name
• This account is valid only for that transaction

Once the customer sends funds:

✅ The transaction completes automatically

✅ No action is required from you

What happens after an order?

If you're NOT an OPN merchant:

• Funds are sent to your selected receiving account
• Settlements happen twice daily (batched payouts)

If you're an OPN merchant:

• Funds are credited instantly to your InstantPay Wallet on OPN
• You can withdraw anytime to your linked or external accounts

Common Questions

1. Will my ads get more visibility?

Yes. InstantPay Wallet ads are prioritised during onramp flows. Competitive pricing will further improve performance.

2. Do I need to confirm transactions manually?

No. Transactions are fully automated once payment is made.

3. Can I use InstantPay Wallet for Buy ads on Onboard Exchange and payout ads on OPN?

• OPN merchants: Yes
• Non-OPN merchants: No, you can only create Sell ads

4. Can I withdraw from my InstantPay Wallet?

• Non-OPN merchants: Not applicable (funds from orders are auto-settled to your bank account)
• OPN merchants: Yes, anytime from your dashboard

5. What happens if a transaction fails?

Contact support with the transaction reference (you can find this in your order history), and the team will assist you.

6. What are the fees?

• Onramp orders: 0.5% per transaction
• • Minimum: ₦50
  • Maximum: ₦250
• Automated payouts (InstantPay & OPN): ₦40 flat
• Monthly fees: None

7. What are the transaction limits?

• Per transaction: ₦5,000,000

8. What happens to Paga for InstantPay & OPN ads?

We recommend using InstantPay Wallet in place of Paga for automated pay-in and payout ads.

9. How do I fund my InstantPay Wallet?

• Non-OPN merchants:

No action needed — funds come from completed orders

• OPN merchants:

You’ll get a dedicated account number linked to your InstantPay Wallet

→ Send funds to this account to power payouts

10. What is OPN?

Onboard Payment Network (OPN) enables automated cash payouts on Onboard. When users convert balances to cash, OPN merchants typically fulfill those transactions.

11. How to become an OPN merchant?

Simply register as a merchant on Onboard. Once approved, you can be provisioned for OPN. Click here to learn more: Becoming a merchant on Onboard: a comprehensive guide

Updated on: 09/04/2026