Whether you’re an Accrue customer, or a customer of one of our partners (Merchants) you may have heard of, or used our P2P payment solution called Cashramp

<aside> 🤎 As an Accrue customer, Cashramp allows you to make deposits and withdrawals to and from the app. It also enables third-party payments to people in your country, and aides cross-border payments to people in other African countries.

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<aside> 🧡 As a customer of one of our many trusted partners or Merchants (such as Opera-mini, BetCode, VIPSubscribe Pro, Afri-checkout and so on), Cashramp powers your payments for products, services and even blockchain transactions across these platforms.

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So How Does It Really Work?

Cashramp is a P2P payment method that uses an escrow system. This means that, Cashramp acts as a middle man between the customers and the agents.

Usually, when the customers buy USD by making a deposit, the agent is selling their own USD to the customer and at the end of the payment, it reflects in the customers wallet. When the customer is selling their USD, the agent buys it and sends local currency to the customer’s bank account or payment method.

<aside> 🧡 P2P is written in full as Peer-To-Peer. It means that it’s a payment made between one person to another person. In our case, it’s a payment made between you, the customer, and any of our Cashramp agents.

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Escrow means that a third-party (in our case, that’s our Cashramp system) holds the money for both people, until both the customers and agents complete their parts of the payment.

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To learn more, click here to read about the different types of Cashramp transactions