🔐 Understanding ABS Vendor's Payment Options: One-Time vs Permanent Account

At ABS Vendor, we’ve designed our wallet funding system to offer both flexibility and control, giving users two secure options:

🕐 One-Time Account

🔁 Permanent Account

Each has its own benefits — here’s a breakdown to help you make the right choice.

🕐 One-Time Account: For Quick, Single Transactions

The One-Time Account is a temporary, auto-generated account number created only when you initiate a specific transaction.

Once you enter an amount to fund, we generate a one-time account number restricted to that amount only. You must send that exact amount — no more, no less.

✅ How it works:

Choose an amount

Get a temporary account

Make a payment

The account expires after the transaction is complete

✔️ Pros:

Quick to generate

Great for first-time or one-off users

No upgrade required

❌ Cons:

Strictly tied to the entered amount

Can’t reuse — new account needed each time

❗ Higher transaction charges apply

No benefit from bulk-funding — same rate regardless of amount

🔁 Permanent Account: For Tier 2 Users Who Want Flexibility

By upgrading to Tier 2, you unlock your Permanent Account — a dedicated account number that stays with you and bears your registered name.

This account can be used to fund your ABS wallet anytime, with any amount (within your tier limits).

✅ How it works:

Upgrade to Tier 2 (requires KYC)

Get your personal account

Fund your wallet anytime — no restrictions on amount

✔️ Pros:

Always available — no need to generate again

Accepts any amount (within tier limits)

Carries your name — ideal for business use

❗ Lower and friendlier charges, especially for larger amounts

The more you fund, the lower your per-naira charge

❌ Cons:

Requires upgrade to Tier 2

Initial setup requires ID verification

💸 Charges Breakdown – Why Permanent Account Wins

One-Time Account: Higher charges apply, especially noticeable for large amounts. No discount for higher funding.

Permanent Account: Offers progressively lower charges as the funded amount increases — more value, especially for power users and POS agents.

🔍 Which Should You Use?

Situation Best Option

New or casual user One-Time Account

Regular user or POS agent Permanent Account

Want lower fees Permanent Account

Need quick one-off funding One-Time Account

🎯 Pro Tip:

Start with the One-Time Account to explore the app. Once you’re ready for smoother experience and better value — upgrade to Tier 2 and unlock your Permanent Account.

🔓 Upgrade now in your app:

Go to Profile > KYC

It’s quick, secure, and worth it.

Need help? Our support team is just a tap away 💬

https://wa.me/absvendor