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Common Questions

Find answers to common questions about using Local Pegs as a Business.

 

Are there any fees to use Pegs as a business?

The Pegs platform is free for everyone to use and be part of. Transactions are subject to a 1.75% transaction processing fee. There is also a flat fee of $2.50 per withdrawal. To learn more about fees, please review our Terms and Conditions.

How do I withdrawal funds and how often can I withdrawal?

To withdraw funds from your account, select Transfer Funds from your home screen > Withdraw. Businesses can set up automatic withdrawals on a daily or weekly basis through our Support team. Scheduled withdrawals incur a $2.50 flat fee per withdrawal. Businesses can also withdrawal manually at any time for convenience with no additional fee. To learn more about our fees, please review our Terms and Conditions. If you wish to set up automatic withdrawals, please Contact us.

Is Pegs safe and secure to use?

Yes, Pegs is safe, secure, and closed to use. To access your account, you must enter a Password or biometric authentication (faceID or equivalent). Read more about our efforts to keep your money and data safe here.

How does Pegs make money?

Pegs makes money by charging a 1.50% transaction fee to the businesses on our platform.

How do I join?

Download our app today to join your local Pegs community. If you’re unable to join because Pegs is not currently in your local community, gather your friends and speak to your favourite businesses to jump on. You can request that we launch in your community here.