18 May, 2022
Advcash is a fast-growing global online payment service platform that allows its users to send and receive money over the Internet, with services offered in over 100 countries.
Advcash has become a popular internet payment method. In fact, it is now used to make payments online almost anywhere in the world, this is probably due to its simplicity and ease of use. However, not everyone has access to use this service. There are still countries around the world that don’t accept it. Fortunately, Nigeria happens to be one of those countries where advcash is available.
Advcash is a secure online payment service. You can send and receive payments from individuals, businesses, charities, and government agencies across the globe at no fees and payments are instantly confirmed.
It was founded by two Internet entrepreneurs - Yaacov Bitton and Spivak Konstantin - who met while working together at Worldcashnow in 1993. They were joined by engineers Eugene Shmorgun (who serves as Java Software Engineer) and Valery Cheplygin (Product Design Engineer). By 2015, Advcash had processed transactions worth $1 million daily. As of June 2018, the company has facilitated more than $500 million in online payments worldwide. In 2020, Advcash partnered
Binance,the largest cryptocurrency exchange in the world. This partnership allows
Binance customers deposit fiat via advcash. Advcash has more than 400 employees. Its headquarters is located in Belize City, Belize. Their website supports eight different languages – English, Arabic, Chinese, Dutch, French, German, Spanish and Japanese.
Originally, the company only offered a way to send payments between individuals; however, it added the ability to make payments between businesses within the year 2020. In 2021, it started offering credit/debit card processing services.
Today, this company has become a global leader in e-commerce with offices in more than 20 countries around the world. As of 2021, Advcash had a market capitalization of about $100 million dollars. This company's revenue grew at a rate of 25 percent per year.
Nigeria is one of the few nations in Africa that have adopted electronic payment system for consumer payments. A recent survey conducted by The National Bureau of Statistics shows that 72% of Nigerian consumers are interested in using digital payment methods like Advcash.
Nigeria has been ranked among the countries with the highest number of internet users in Africa. According to an Internet World Stats report in 2013, Nigeria had about 96 million internet users. This accounts for over 35% of the population compared to 46% in South Africa and 48% in Kenya. This makes Nigeria among the top 5 countries with the largest number of internet users in the continent of Africa.
The use of Advcash in Nigeria has grown tremendously over the years. As more people have become comfortable using online payment services like Advcash, businesses are now able to reach out to wider audiences. In this article, we will look into some benefits that one can enjoy from the use of Advcash in Nigeria. Read below to learn more.
Benefits of Advcash in Nigeria
1. Payment Receipts - When paying via Advcash in Nigeria, your customers receive receipts immediately after they submit their payments. This means that you no longer need to ask them if they received the payment, thereby saving time. You can easily keep track of your sales data by viewing your customer’s receipt history.
2. Track Sales Performance - You can check the performance of your business at any given point by tracking your sales data. With Advcash in Nigeria, you can see how many transactions each day you are processing. Also, you can monitor your sales over a period of time and even compare your sales volume against other merchants who accept Advcash.
3. Faster Payments Processing Time - Because Advcash accepts credit cards, debit cards, bank transfers etc., most of the transactions are completed instantly. Unlike offline methods of payment, Advcash requires minimal paperwork and allows you to focus on your business instead of dealing with bureaucracy.
4. Security - Advcash's security features help to protect both buyer and seller. Buyers feel safe when making purchases on Advcash websites since they do not share personal information with any third parties. Sellers benefit from the protection against fraud which Advcash provides. Sellers in Nigeria can take advantage of secure payments methods like bank transfer, cards etc that Advcash supports.
