KYC Documentation Requirements

It is our pleasure to inform the Simple Merchant Community, that our Online Discount Card (ATM Card) is now available for order and collection.

These cards are powered by BeepPay® Technology from BeepPay Transactions Ltd. As part of our regulatory compliance procedure which is consistent with the provisions of the Anti-Money Laundering laws and other related financial matters, all members are requested to complete the KYC information found at the back office in each account. Please note that all accounts that are not KYC Compliant would not receive the Card when ordered. Verification of KYC information takes approximately 72 WORKING DAYS to complete.

Below are the KYC Information as can be found in the back office of every account:

  • 0% to 49% Verification cannot order for the Kits.
  • 50% KYC Verification can only perform N10,000 one-time transaction on the Card. After this one-time transaction, transactions on the cards will be suspended until KYC Verification is complete.
  • 100% KYC Verification is entitled to a maximum of N500,000 Withdrawal Request per time into the card and not more than N3,000,000 in a month. For EARNINGS above N3,000,000, a written letter authorizing Financial to debit the GCInWallet and Credit the person’s Nigerian Bank Account.
  • PLEASE NOTE: That the Option of Paying into the Bank is only for verified accounts that has earned above N3,000,000 and has exceeded the monthly Cap of N3,000,000. Transferred Wallets from Other Wallets do not apply in this regard
  • Retrieval of ATM Pins and Activation of ATM Cards are only possible when the Talk n Earn Sim has been duly registered and activated within the first 30 days of Receipt.

Anti-scam Policy
Please note that we strictly prohibit using our service for any illegal means. These include any kind of scam, scheme or fraud transaction. If we find that you use our service/s for any illegal purpose, you will be reported to competent law enforcement authorities and you may be investigated and prosecuted.

In recent times, there have been reports of SMS and e-mails appearing to be sent from Simple Merchant regarding an investment opportunity. Please note that currently, Simple Merchant DOES NOT offer ANY investment opportunities directly or indirectly. Any claims otherwise by anyone are false and misleading. Please always exercise extreme caution when conducting any business on-line and perform your own due diligence on any entity you wish to do business with on-line. This does not only apply to Simple Merchant’s Members only, but it is a good practice in general. Always remember: The easiest way to make money is always the easiest way to lose it too.

We would also like to point out that, the management of Simple Merchant or BeepPay Transactions WILL NEVER ASK you to send us any of your passwords. So if you, by any chance, receive emails from someone asking to reveal your, BeepPAY or BeepAcademy PINs, PASSWORDs, or any other password, Please disregard such emails at once or better still call us on 0700GOLDCLUB or send an instant email to We are always eager to help you.

We will keep Matching Technology with Innovation.

Thank you.

Simple Merchant