Questions,
answered.

Vernsa for Business is the business-focused version of Vernsa — a financial technology platform built by Apaxaa. It lets companies send, receive and manage money using supported identifiers like bank accounts, phone numbers, emails, usernames and crypto wallet addresses.

Not to start. You can begin with a personal account and upgrade to a dedicated business profile as soon as you're moving business money. Business profiles unlock team roles, approval flows, and business reports.

Join the business waitlist on the business home page. We'll notify you as soon as business accounts open up. Early access members will be invited first.

You can, but we don't recommend it. Business profiles give you features personal accounts don't have — team roles, approval flows, multi-user access, and business reports — all of which make reconciliation and compliance easier.

Vernsa is being built to support local currencies for sending and receiving, plus virtual accounts in USD, GBP, and EUR for international payments. More currencies will be added over time.

You can send money using supported phone numbers, email addresses, Vernsa usernames, bank accounts, and supported crypto wallet addresses — whichever is easiest for the situation. Availability may depend on the specific transaction and recipient.

Yes. Vernsa for Business supports batch payouts — send to many recipients in a single action using saved recipients. Each payout gets its own reference so reconciliation is straightforward.

You can require one or more sign-offs before a payment is sent, based on amount. For example, any payout above ₦500,000 might need approval from an admin. Team members below that threshold can pay directly.

Yes. Save recipients with their preferred identifier — bank, phone, email, username, or wallet — then pay them in a couple of taps. This is what makes payroll and recurring payouts fast.

Limits depend on your business verification level, your account tier, and the specific corridor. Limits are shown clearly before you confirm any payment.

Most payouts settle in seconds to minutes, depending on the destination corridor and the receiving bank or wallet. Crypto payouts settle according to the network's confirmation time.

Once a payout is settled, it cannot be reversed by Vernsa. If there's a problem, contact support immediately — we'll work with you to resolve it.

Share your Vernsa virtual account details (USD, GBP, EUR) with customers, or your wallet address for supported crypto rails. Money lands directly in your business wallet.

Yes. Virtual accounts are designed for exactly this — receive USD, GBP, and EUR payments from international customers without opening foreign bank accounts.

Your wallet supports local currency and multiple international currencies through your virtual accounts. Balances are visible in your dashboard and can be converted for payouts.

Yes. You and your team receive notifications in real time — in-app, and optionally by email — whenever a payment lands in your wallet.

Incoming payment limits depend on your business verification level and account tier. Limits are disclosed in your dashboard.

Send Code lets you generate a one-time code that someone can use to claim money — even if they don't have a Vernsa account. You generate the code, share it via SMS, email, WhatsApp, or link, and the recipient redeems it on their side.

No. Recipients can claim the code without a Vernsa account. They enter the code, complete a quick verification, and choose how to receive the money — bank, wallet, or cash pickup at a supported partner.

You choose the expiry when you create it — from 1 hour up to 30 days. If the code isn't claimed before it expires, the reserved amount is automatically returned to your balance.

No. Every code is one-time use only. Once claimed, it can never be reused — even if the code leaks. Only the first successful claim receives the money.

Yes. As long as the code hasn't been claimed, you can cancel it from your dashboard. The reserved amount is returned to your balance immediately.

Use Send Code when you don't have — or don't want to save — a recipient's identifier. It's ideal for one-off payouts, refunds, grants, prizes, or any time the recipient isn't a saved contact. Try it on the Send Code page.

All transactions are encrypted in transit and at rest, verified before settlement, and monitored continuously. Team actions are logged, and larger payments can require multi-sign approval.

Yes. Role-based access lets you decide exactly what each team member can do — admin, finance, viewer, or a custom role. You can adjust roles at any time.

Yes. Two-factor authentication (2FA) is planned for launch and will be required for sensitive actions like adding a new recipient or approving larger payouts.

Yes. Data is encrypted in transit using modern transport protocols and at rest in our storage. Access to production systems is strictly limited and audited.

Yes. Every action and transaction is recorded with actor, time, reference, and amount — and can be exported from your dashboard for your records or your accountant. Read the full security page.

Suspicious activity triggers additional verification and can be paused automatically. You're notified so you can review and take action.

Vernsa for Business has no setup fees and no monthly minimums. You pay per transaction based on your tier. Higher tiers and volumes get better rates.

Yes. The Starter tier is free and covers freelancers and solo founders with a reasonable monthly payout volume and one virtual account. Upgrade any time as your business grows.

No. Every fee is shown before you confirm a payment. There are no surprise charges, no monthly maintenance fees, and no minimum balance requirements.

Yes. On our Enterprise tier, pricing scales with volume — the more you move, the lower your per-transaction cost. Talk to our team for a custom quote.

Transaction fees are deducted automatically from your wallet balance as part of each payment. You can see every fee in your transaction history and monthly statement.

Yes. Business profiles support multiple team members with role-based permissions. Invite by email and assign a role — admin, finance, viewer, or a custom role.

You can request account closure from your dashboard. Before closing, ensure all pending transactions are complete and your balance is fully withdrawn.

Use the "Forgot password" link on the sign-in page. You'll get a reset link by email. If you also use 2FA, you'll need access to your second factor.

Yes. Business name and logo can be updated from your business profile settings. Some changes — like legal business name — require verification and may take a few days to process.

Yes — an API is planned for launch with payouts, collections, webhooks, and reporting endpoints. Join the business waitlist to be notified when API access opens.

Vernsa is a product built and operated by Apaxaa, a technology company based in Enugu, Nigeria. Apaxaa designs all of its products in-house. Learn more at apaxaa.com.