Technology

Quickteller Review 2022: The Pros and The Cons

Quickteller is a Nigerian payment processing platform owned by Interswitch Limited.

The platform is designed to make your everyday payment simple, safe and secure. QuickTeller operates fine on the web via its website and as a smartphone app on both Android and iOS.

The world wide web is a scary place where entering your ATM card details in the wrong website could really cost you. To this end, a platform like Quickteller allows you to make payments online securely. Be it buying airtime for your phone, to paying for cable TV subscription, to buying electricity units and more, You can also seamlessly send money to anyone, anytime, anywhere irrespective of their Bank. You can do all these conveniently online without having to worry about entering your card information on a scam website.

Pros

  • Excellent User Experience that makes it simple to navigate and convenient to use. Whether on web or on the smartphone app, simply type the biller you want to pay and the process is seamless.
  • With over 2,000 billers on the platform, there’s hardly anything you can’t pay for on Quickteller. From internet to betting companies to even booking a holiday ticket.
  • Zero charges on transfers from your eCash to any other eCash. The eCash wallet is a digital wallet on quickteller that you can easily transfer money into from your bank.
  • Zero charges on eCash wallet top-up
  • Access to Quickteller loans: No collateral or elaborate documentation required, just your transaction history.
  • Recurring Payment: Schedule your regular bill payments so that you won’t have to keep coming back every time.

Cons

  • Networking issues that heavily hinders usage on the app.
  • Loan is only available to long term and consistent users.

What other users are saying about Quickteller

This review is from Quickteller mobile app users on Android. The experience should be similar on iOS and the website.

Lyon Taiwo wrote. “The Quickteller App is absolutely spot on in my humble opinion. I’ve always used it for Bills Payment and it has never disappointed. Maybe some failed transactions once in a while but I believe they have made massive improvements to reduce or curb these few glitches. I don’t know about funds transfer because I have never tried it.”

Ibitoye Temitope wrote, “I repaid my loan this morning, using the Quickteller app on my mobile phone. The transaction went through as my bank account was debited. But I’m yet to receive message from Quickteller that the money has been received. Yet the loan is still active in the app. What do I do, please?”

Tiamiyu Olayiwola wrote, “I have been using your platform without stress but this morning I tried to fund my sportybet account, it shows transaction successful, my Polaris bank account was debited but sportybet account wasn’t credited. Please, don’t you have an email or customer care number to contact? Please help me credit my sportybet account or credit back my Polaris account thank you.” Read more customer reviews here.

QuickTeller Paypoint

Quickteller paypoint allows individuals or corporate institutions to offer agent banking services in their local communities and earn a commission on each transaction completed. Paypoint agents can make bill payments carryout cash transactions via POS for their clients.

FAQs

What are the requirements to become a Quickteller Paypoint POS agent?

1) Must be able to read and write

2) Must have a functional android enabled mobile phone, laptop or PC

3) Must have an existing physical shop/ business outlet

4) A completed Agent application and agreement form

5) A valid ID or equivalent (Driver’s license, National ID card, Int’l passport, Voter’s Card)

6) Must provide his/her Bank Verification Number (BVN)

7) A Passport-sized photograph

8) Utility Bill/ Proof of Address (PHCN, LAWMA, DStv, GOtv, StarTimes, Land Use Charge Bill etc.)

9) Reference/ Guarantor

10) Items 1-7 above are required to be a Classic or Standard IFIS Agent. However, business registration documents are required to be a Prestige IFIS Agent.

How do I become a Quickteller agent

To become a Quickteller agent and get a POS, simply log on to the web registration portal with a valid email address and start filling in your details.

Is Interswitch and Quickteller the same?

No, Quickteller is a payment platform under Interswitch Limited. Although the terms payment gateway and payment processor are sometimes used interchangeably, they actually refer to different parts of the payments process. 
In an online transaction, the payment gateway is what authenticates the customer’s payment, whereas the payment processor is the mechanism that communicates the transaction between the customer’s bank and the merchant.
This distinction is important because, in a physical transaction, only the payment processor is needed. In a virtual transaction, however, an extra layer of authentication is necessary. 
Quickteller is a payment processor like VTpass while Interswitch is a payment gateway.

How much is Quickteller POS price?

Quickteller POS machines costs N75,000. But you can get a free POS if you perform up to 300 transactions monthly at your shop.

What is Quickteller eCash?

eCash is a digital wallet on Quickteller that can be used to make payments. you can easily transfer money into the eCash wallet from for bank card.

What is Quickteller paypoint?

Quickteller paypoint allows individuals or corporate institutions to offer agent banking services in their local communities and earn a commission on each transaction completed. Paypoint agents can make bill payments carryout cash transactions via POS for their clients.

Who is the owner of Quickteller?

Quickteller is owned by Interswitch Limited. They are also the owners of Verve World, the ATM card company that operates in several African countries.

Does Quickteller work in the USA?

No, Quickteller is a Nigerian payment service that holds over 2,000 Nigerian vendors. Though it also has footprint in Kenya, Uganda and Gambia.

How do I get branding materials, do I pay for it?

Branding materials (T-shirts, banners, stickers, signages etc.) are given free of charge to you upon registration & commencement of transactions as a Quickteller Paypoint agent. Kindly contact the designated Financial Inclusion Partner (FIP) in your state/location to request for these items.

How do I contact Quickteller customer service?

You can reach Quickteller through the following medium:

By phone: 07009065000
By email: ifiscustomercare@interswitchgroup.com
Online help portal: https://help.interswitchgroup.com

Ismaeel

Statistician with interests in finance, risk management, loan products and market surveys. I also write on crypto currencies, Forex and a variety of financial instruments.

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