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New Effective Online Payment Solution For Nigerians (virtual Terminal Network) - Technology Market - Nairaland

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New Effective Online Payment Solution For Nigerians (virtual Terminal Network) by YusufM: 12:28pm On Feb 05, 2009
What Is VTN?

VTN or Virtual Terminal Network is a revolutionary Virtual/Mobile payment
network designed solely for the developing economies, keeping emerging
markets in mind by not requiring expensive and impractical payment initiatives of
the yester years. With initial deployment in Africa's most populous country, Nigeria the
company use the most practical and latest in Mobile and Web technology to help make
transactions and accessing your funds more convenient nationwide. Deposit
funds at any participating financial institution, have your money follow you
wherever you go nationwide.

VTN allows Merchants and Retailers to process transactions safely and securely
from any computer connected to the internet and GSM Phone. With a secure
login, you can complete transactions rapidly within the VTN network and receive
instant authorization in real time. In addition, VTN can run in additional two
languages French and Spanish for the eventual deployment in other countries.
VTN allows you to go global while staying local.

Account Holders can fund their accounts in naira via any participating financial
institutions, agents and retailers in VTN’s extensive network. Withdraw your
funds easily and securely over the internet or by using your GSM phone, then
pick up your funds at any participating Bank or financial institution whenever you
like. Absolutely no waiting in line!  For detail and free registration, you can visit them at
http://www.virtualterminalnetwork.com/Invite.asp?ID=19844. 

After registration:

Visit any UBA Bank Plc Branch.

There are 700 Branches across Nigeria

Deposit the amount to be loaded on your VTN to the account below

Account Name: VTNetwork LTD
Account No:  02680030016653

Once deposited,  keep your receipt with you and logon to your VTN account and click on
Confirm funds deposited at the Bank  to complete the funding process
Note: Make sure that the cashier enter the teller number on the system correctly and that your teller number on the paper receipt is legible, if not this may cause significant delays in funding your account. Please remember this.

Converting Your Naira Fund to Dollar

Note that after funding your VTR account in naira, to secure your Master Cards for various online transactions, you will need to register freely with GraphCard Company.  After registration, you can easily transfer your naira fund in VTR account into your GraphCard account in dollar form.  You can now secure your Master Cards, Virtual Foreign Address, Virtual Foreign Telephone etc at Graphcard for your various online transactions. To register, visit http://www.graphcard.com/?rid=51868

Note:  I stumbled accross this new online payment solution after several efforts made to secure Nigerian Bank Master Cards proved abortive.  I have tried their service and have been able to make my online payment effective.  Their charges is moderate.

YusufM

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