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Lenco by BroadPay
What is the settlement process like for Lenco by BroadPay (Zambia)?
What is the settlement process like for Lenco by BroadPay (Zambia)?
Patience Uhili avatar
Written by Patience Uhili
Updated over a week ago

Lenco by BroadPay (Zambia)

  • Settlements exceeding ZMW1000 are conducted through the bank.

  • Settlements below ZMW1000 can be paid out through the portal using mobile money (Airtel, Mtn, Zamtel).

  • Settlements typically occur on a T + 1 basis.

  • For International Accounts, an International payout fee, along with bank fees, applies.

  • Local settlement to a bank account incurs a Bank Account fee (K50) per settlement.

Please note that the merchant is responsible for covering bank fees and transfer charges.

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