FedaPay review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
FedaPay is a Benin based money transfer service held to a BCEAO licence, and it suits senders who need payouts to land without delay. Fees of 1.80% - 4.00% per transaction per transaction and Instant delivery to bank and wallet make it a practical pick for local transfers.
Key facts
- Best for
- Paying wages, rent or supplier invoices in Benin where the money needs to arrive fast.
- Transfer fee
- 1.80% - 4.00% per transaction↗
- Delivery time
- Instant↗
- Payout methods
- Bank, Wallet↗
- Currencies
- 1↗
- Fee to send 1,000
- F CFA 150↗
- Legal entity
- FEDAPAY SA↗
- Headquarters
- Benin↗
- Founded
- 2018↗
- Support channels
- Email, Chat, Phone, Help-centre↗
- Official website
- fedapay.com
Facts checked September 26, 2026, 5 sources
Pros and cons
Pros
- Licensed in Benin by the BCEAO under EP.BN.004/2026
- Support covers email, chat and phone
- Payouts reach both bank and wallet
- A listed fee amount of XOF 150 sits alongside the percentage fee
Cons
- Only 1 currency is supported, so you cannot hold several balances at once
- A fee of 1.80% - 4.00% per transaction per transaction adds up when you pay suppliers often
- Payouts cover bank and wallet only, so there is no card payout
Who it suits
- People paying wages, rent or supplier invoices in Benin who need money to arrive quickly
- Senders who want a regulated local operator rather than a global wallet
- Anyone who wants help by email, chat and phone
Who should look elsewhere
- Bank to bank senders who want no fee, since Skrill makes no charge for bank transfer payments
- Euro area senders, since Paysera is free in EUR to SEPA and Paysera users
- People paying from a stored balance, since PayPal Colombia makes no charge from a balance or linked bank account
How FedaPay compares
8.6 vs 8.0
8.6 vs 8.5
8.6 vs 8.5
8.6 vs 8.9
8.6 vs 9.1
8.6 vs 8.6
8.6 vs 9.0
8.6 vs 8.9- 8.6 vs 8.9
8.6 vs 8.8
8.6 vs 8.8
8.6 vs 8.4
8.6 vs 8.0
Where FedaPay is available
- Available
- Benin, Côte d'Ivoire, Niger, Senegal, Togo
- Licence in Benin
- BCEAO (EP.BN.004/2026), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
How much does FedaPay charge to send money?+
FedaPay sets its transfer fee at 1.80% - 4.00% per transaction per transaction, and a fee amount of XOF 150 also appears on the pricing page. The charge attaches to each payment you make, so your total cost depends on how often and how much you send.
How quickly does FedaPay deliver money?+
Delivery is listed as Instant, so a transfer does not sit waiting for days before the money lands. That speed applies to the payout methods FedaPay supports, which are bank and wallet, so the money is paid into a recipient bank account or wallet.
Is FedaPay regulated, and who holds the licence?+
FedaPay is licensed by the BCEAO in Benin, with the licence listed as EP.BN.004/2026. The operating company is FEDAPAY SA, and the business was founded in 2018. Regulation is the main reassurance here, since the service is built for local transfers rather than a worldwide network.
How do I get help from FedaPay?+
Support runs on email, chat and phone, so you can reach a person by phone or chat, send an email, or work through the help centre yourself. Phone and chat are both listed, which is useful when a transfer is stuck and you need an answer quickly.
How many currencies can I hold in a FedaPay account?+
FedaPay covers 1 currency, so it suits senders who work mainly in the currency it is built around. Holding several balances side by side is not what this account is for, so anyone converting between many currencies should look at a wider service.
Where is FedaPay based, and who runs it?+
FedaPay is based in Benin and is run as FEDAPAY SA, a company founded in 2018. Local registration puts the licence and the payout rails in the same market you are sending to, which is why the service is aimed at a single market rather than a worldwide one.
Can FedaPay pay out to a card?+
Payouts go to bank and wallet, so a recipient can be paid into a bank account or a mobile wallet. Card payouts are not among the listed methods, so anyone whose receiver expects card money should check with the sender before sending.
Who is FedaPay built for?+
FedaPay suits people paying wages, rent or supplier invoices inside Benin, where Instant delivery matters more than holding several currencies. A single currency account keeps things simple for local business payments, and the 1.80% - 4.00% per transaction fee stays visible on every transaction.
Sources
- fedapay.com checked September 26, 2026
Backs: Currencies, Payout methods
“Devise disponible XOF (F CFA)”
- fedapay.com/about checked September 26, 2026
Backs: Founded
“08 ans d'existence”
- fedapay.com/legal-notices checked September 26, 2026
Backs: Headquarters, Legal entity, Licences
“Adresse : Cotonou, Quartier Sainte Rita ... 8eme arrondissement”
- fedapay.com/payout checked September 26, 2026
Backs: Delivery time
- fedapay.com/pricing checked September 26, 2026
Backs: Support channels, Transfer fee, Fee to send 1,000
Compiled from 5 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Exchange rate markup, Licence type.
Other rankings
FedaPay
Paying wages, rent or supplier invoices in Benin where the money needs to arrive fast.