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FirstEconnect
As a merchant or retailer who owns an eCommerce website, make the best of FirsteConnect, our multi-platform internet payment solution that enables e-commerce merchants and retailers to accept payments for goods and services purchased on their websites.
Product Information
As a merchant or retailer who owns an ecommerce website, make the best of FirsteConnect, our multi-platform internet payment solution that enables e-commerce merchants and retailers accept payments for goods and services purchased on their websites. A variant of the FirsteConnect is, First eConnect Classic.
First Bank Nigeria Limited has entered into a partnership arrangement with 3AL Limited, an ICT company which powers 3al.com portal. 3AL merchant aggregating site is used to provide an online presence for businesses. This web payment solution enables online payment from both local and International cards. Cards which are accepted under the scheme are:
- Verve
- MasterCard
- Visa
Benefits To Individuals
- Creates online visibility at no extra cost
- Increases awareness and reach of the SME’s products and services
- Provides an opportunity to interact with buyers and potential clients from all locations in Nigeria and globally
- Reduces cost of doing business since customers can order for goods without visiting business location
- Online Reporting Tool
- Opportunity to interact with buyers and potential purchasers
- Increased reach and sales turnover
- Opportunities to connect with friends and people of common interest
- Price comparison and competitive pricing
- Buying at discounted prices
- Enjoy credit facility on products (in line with consumer banking financing guidelines).
Benefits To Corporate
- Ability to accept payment from internet users irrespective of geographical location and time
- 24 x 7 availability of the Corporate business
- Enables proper cash flow management since corporates have access to view payments that will be credited to its account in the days ahead.
Pricing
- Implementation costs:
- FirsteConnect Gold – Free
- FirsteConnect Gold – N150,000.
- FirsteConnect Platinum – N75,000
- Merchant Service Charge (MSC) for Domestic transactions: 1.5% – cap of N2,000.00
- Merchant Service Charge (MSC) for International transactions: – 4% (no cap).
FirsteConnect is suitable for the under listed categories;
- Schools, Institutions and Associations
- Airlines, Hotels and Religious Institution
- Online Shopping Malls and other web stores.
1) How to Register as a User on 3AL
- You can create your 3AL account by clicking the ‘Join 3AL’ or ‘Sign Up’ link on the homepage (www.3al.com).
- You can sign up for 3AL using either email or your Facebook account.
2) How to Register a Business
- Registration request can be processed in two ways, through online or form completion.
Product Variations
FirsteConnect Classic
FirsteConnect Classic is suitable for businesses with no website. First Bank Nigeria Limited has entered into a partnership arrangement with 3AL Limited, an ICT company which powers 3al.com portal. 3AL merchant aggregating site is used to provide an online presence for businesses.
Features of 3al.com/FirsteConnect Classic
- Having a web presence at no additional cost
- Merchants are granted access to display their goods in line with their brand style
- Posting of comments by sellers and buyers on displayed goods
- Login with Facebook profile
- Messaging service
- Connect with friends and contacts on social media sites
- Credit facility for buyers on the platform
- Loyalty and discount to drive traffic
- Live interaction between buyers, sellers and support staff
- Payment solution which accepts payments from all card types
- Integration with courier systems for delivery of goods.
Pricing
- Free Set-up cost
- Merchant Discount per payment: The merchant gives the 3AL community a discount of 5% on every product purchased via card payment. This covers switch fee on cards payment, insurance of delivered product and maintenance of portal.
FirsteConnect Gold
This variant of FirsteConnect enables only local transactions using locally issued verve cards, MasterCard and Visa Card. There is an industry applicable MSC of 1.5% with a cap of N2000.00 per transaction. A one-time set-up fee of N150, 000.00 also applies.
Features
- Accepts payments from all card types (MasterCard, Visa and Verve cards)
- Reduced Implementation time (24 hours)
- Real-time transaction reporting
- Transaction settlement in Naira only
Pricing
- Implementation cost for FirsteConnect Gold is N150,000
- Transaction fee per payment is 1.5% of the transaction amount with a cap of N2, 000.00 for domestic transaction
FirsteConnect Platinum
This variant of FirsteConnect enables both local and international transactions using MasterCard and Visa Card. There is an applicable MSC of 4% with no cap on transactions. A one-time set-up fee of N75, 000.00 and recurrent monthly fees of N120, 000 per annum.
Features
- Accepts payments from all card types (MasterCard, Visa and Verve cards)
- Reduced Implementation time (24 hours)
- Real-time transaction reporting
- Transaction settlement in naira and USD (based on customer preference).
Pricing
- Implementation cost for FirsteConnect Platinum is N75,000
- Transaction fee per payment is 1.5% of the transaction amount with a cap of N2, 000.00 for domestic transaction
- Transaction fee per payment for international transaction is 4% of the transaction amount without a cap
- Upgrade to International acquiring is Free i.e. the set-up fee
- There is a recurring cost of N120, 000.00 per annum for FirsteConnect Platinum.
