Payport.com now accepts only bank transfers, online payment to comply with cashless policy

Nigeria’s indigenous online store currently sponsoring the Big brother Naija reality show Payporte.com has announced the suspension of ‘Payment On Delivery’, as part of its payment options.

According to the online store, only online secured payments and bank transfers would be accepted as means of payment from Monday March 3, 2017, in its bid to better serve customers better and to re-position its business for profitability.

The MD / CEO, PayPorte, Mr. Eyo, said, the decision was in line with the new CBN cashless policy, increasing security challenges posed by Payment on Delivery option and improved customers satisfaction. “We have suspended the Payment On Delivery option on our website with effect from today, April 3, 2017.
“Our decision was necessitated by the increasing risk and security challenges posed by this payment option. Also, to reduce the amount of cash carried from one location to another by our delivery staff. We encourage our customers to make use of our other secured electronic payment options such as online payment or bank transfer for payments.
“We believe this will also play an active role in the growth of e-commerce business in Nigeria, as well as give a new dimension to the business” added Eyo. In line with the suspension, refunds for unsatisfied customers would now be processed within a maximum of 48 hours while only customers who have shopped on PayPorte for five times or more will be able access the POD option from the 10th April pending its total discontinuation.