Core Terms
User Verification Tier and Transaction Limit Policy
This policy explains how Akara may use verification tiers and transaction limits to manage platform safety.
EFFECTIVE: JULY 5, 2026
Akara does not hold, receive, escrow, custody, remit, convert, or move user funds. Users send money directly to each other through their own bank or mobile money accounts. Users must confirm payout details before sending money. KYC data, receipts, and WhatsApp chat records may be used for fraud prevention and dispute review. Akara may pause trades, restrict accounts, suspend listings, require admin review, or block users where needed for safety.
Key reminders
- Akara does not hold or move funds
- Confirm payout details before sending
- KYC data, receipts, and chat records may be used for fraud prevention and dispute review
- Akara may pause trades or restrict accounts for safety
Why Akara Uses Tiers
Verification tiers and limits exist for fraud prevention, user protection, abuse reduction, and risk management. Higher limits require stronger verification because higher-value coordination carries higher risk.
Example Tier Structure
- Tier 1: Low-value trades only.
- Tier 2: Medium limits after stronger verification.
- Tier 3: Higher limits after admin-approved KYC.
Minimum Trade Amounts
- NGN: 1,000
- RWF: 1,000
- KES: 100
- GHS: 10
- XAF: 1,000
Limit Reviews
Akara may increase, reduce, freeze, or review limits based on verification level, trade history, disputes, receipt quality, payout name match results, suspicious activity, country risk, or compliance requirements.
User Responsibility
Users must confirm payout details before sending money and must not split trades into smaller amounts to avoid limits. Splitting trades to evade limits is treated as a safety violation.