This article will discuss the payment gateways in Nigeria we will discuss some of the best online payment platforms in Nigeria.
In Nigeria today, many card processing companies let small businesses accept card payments in retail stores, on the Internet and even with a cell phone. However, finding the right one for your company isn’t easy.
This article will focus on our top payment gateways in Nigeria, it will also highlight its features, all products/services are listed in no particular order.
Payment Gateways in Nigeria
Paystack helps businesses in Africa get paid by anyone, anywhere in the world
Setup Fee: Free
Local Cards: 1.5% + ₦100
International Cards: 3.9% + ₦100
₦100 fee is waived for transactions less than ₦2500
Payment Method Accepted: Card, Bank account, Bank transfer, USSD, Visa QR, Mobile money, POS (coming soon)
Accepted Currencies: GHS, NGN, USD
With Flutterwave, you can accept Debit/Credit payments from customers in 154+ countries. Visa, MasterCard, Verve, all supported, your customers in the United States of America, South Africa and Nigeria can pay you directly from their bank accounts and your customers in Nigeria (M-Cash), Kenya (M-Pesa) and Ghana (soon) can pay you directly from their mobile wallets.
Local Cards: 1.4% per transaction
International Cards: 3.8% per transaction
Payment Method Accepted: Local – Mastercard, VISA, Bank Account, USSD, Bank Transfer, POS, Visa QR
International – Mastercard, VISA, AMEX
Accepted Currency: BIF, CAD, CDF, CVE, EUR, GBP, GHS, GMD, GNF, KES, LRD, MWK, MZN, NGN, RWF, SLL, RWF, SLL, STD, TZS, UGX, USD, XAF, XOF, ZMK, ZMW, ZWD
VoguePay is a unique online payment gateway for Nigeria whose vision is to offer buyers and sellers a secure and easy-to-use means of transacting business online also VoguePay allows site owners to start accepting card payments online for their goods and services on their website without any setup fee.
Furthermore, the Gateway can process local and international Visa, Mastercard and Verve cards. The setup process is faster as customers don’t have to go thru the Interswitch Certification process.
Merchant Verification: N1,500 (with Certificate of business registration and N2,500 )
Verification Fee: 1.5% for transactions under N2500, 1.5% + N30 for transactions above N250
Withdrawal Fee: First withdrawal of the day is free. Subsequent withdrawals attract the fee below:
Withdrawals below N50,000 = N10
Withdrawals above N50,000 = N25
Wallet-to-Wallet Transfer Fee: Free
Integration: Free (fees may apply for customisation)
Payment Methods Accepted: Visa, MasterCard, Bank Transfer, VoguePay Wallet
Accepted Currencies: Naira (N), USD ($), Euro (€), GBP UK Pound (£), Ghanaian Cedi (GHS) and South African Rand (ZAR)
CashEnvoy has multiple security features on their gateway for theft.
Furthermore, Cashenvoy doesn’t charge for online different variants of cards – merchants can accept local and international – VISA, MASTERCARD, eTranzact and Interswitch cards. The company simplifies the setup process – by just receiving basic details and forms.
Send Money: To Business Account only – Free.
Make Payments: To Business Account only – Free.
Withdrawal Fund: ₦120.00 fee for withdrawals of ₦4,000.00 or less
Receive Funds: 1.5% + N25
International Cards: 3.9% + N12.60
Payment Methods Accepted: MasterCard, GTBank, Interswitch, eTranzact, Visa, Verve, Suregifts, Flatterwave, Cashenvoy Wallet, Mobile money
Accepted Currencies: Multi-currency support
PayU has local operations that span across 17 markets which are Asia, Central and Eastern Europe, Latin America, the Middle East and Africa
They accept Local and International MasterCard, Visa, Verve, as well as other alternative payment methods – Online electronic bank transfer (EFT) and offline, they are also being used by Facebook to collect payment in Naira
However, they have 2 packages which are as follows
Setup: It is free but their White-label package has a fee
Local Cards: not disclosed by them
International Cards: not disclosed by them
In conclusion, there are still other payment gateways in Nigeria available however we have compiled this list based on functionality and affordability, are you using a better online payment platform in Nigeria? Let us know your experience by commenting below.
Apr 6, 2017 at 5:26 AM /
am still looking for a payment gateway for my store
Apr 6, 2017 at 9:08 PM /
There are a long list of payment gateways, please use the ones that have been recommended above
Oct 26, 2017 at 12:53 PM /
Try VoguePay. You’ll love the experience.
Starting from signing up, you can easily verify your account using your ID card and utility bills. You also enjoy the privilege of receiving payment from international merchants.
Check out their site: https://voguepay.com
Oct 26, 2017 at 1:14 PM /
Thanks for your contribution
May 19, 2017 at 1:53 AM /
Nice compilation. What about payoneer. Is a payment gateway or online bank. Pls i would like to knoq more
May 21, 2017 at 2:30 PM /
Payoneer allows you receive payments abroad, an account is created for you in a foreign country, the ATM is shipped to you, when payment is made to the foreign account, you can withdraw from Nigeria using the ATM
Jun 1, 2017 at 4:51 PM /
Thank you for this post and giving me options. I believe this is an old post, PayStack is something not to miss when speaking of payment systems in Nigeria. They are good and seems to be taking over the market.
Jun 1, 2017 at 5:00 PM /
You are extremely correct, I will be including Paystack in this article by tomorrow. Thanks again for your comment
Jun 1, 2017 at 8:22 PM /
Please not that I have added Paystack to the list
Nov 5, 2017 at 6:11 PM /
Can I use either paystack or payza to receive payments from people in us on my store
Nov 5, 2017 at 9:29 PM /
Yes, you can use either of them, Paystack is a very good option as a payment gateway in Nigeria
Nov 13, 2017 at 7:23 AM /
Try SaanaPay.ng, very fair rates and great customer service. Their customer service line is 08022228959.
Nov 14, 2017 at 12:33 AM /
Thanks for your contribution toward educating people on the Payment Gateways in Nigeria, I will try it out
Jan 21, 2018 at 2:52 AM /
do you know any payment gateway that supports 2D secure for processing international payment in Nigeria??
Jan 31, 2018 at 9:16 PM /
Hello Timmy, I don’t know any Payment Gateway in Nigeria that supports that
Aug 25, 2019 at 5:30 AM /
Please do you know any payment gateway that accepts MLM company with free setup and less deposit charges.
Aug 25, 2019 at 2:04 PM /
Hello, we don’t know any that accepts online payment for MLM marketing, you may need to read through their terms and condition or call them for further confirmation
Sep 27, 2019 at 1:21 AM /
Please which payment gateway is good for ngo donation on website?
Sep 27, 2019 at 12:00 PM /
All payment gateways will be good for an NGO donation website
Oct 26, 2019 at 11:23 AM /
Why not simply use PayPal?
Oct 26, 2019 at 12:28 PM /
Unfortunately, PayPal has restrictions in Nigeria
Jan 30, 2020 at 3:09 PM /
I usually used to be so scared of online payments until I got to realize it was an amazing way to make payment, send and receive funds! However, there may still be cases of online frauds and all but I still do prefer online payment methods. With this, I say a big thanks for the information that you have here. I was doing some research and this got me here. Thanks!
Feb 1, 2020 at 3:05 PM /
What do you know about Stripe payment gateway? Does it work in Nigeria?
Feb 1, 2020 at 10:13 PM /
Stripe payment gateway is unfortunately unavailable to Nigerians, and it has become a pain in the ass to anyone running an online business and wishes to use stripe to accept payments.
Mar 5, 2020 at 9:01 AM /
I am HongKong-based android pos supplier. How can I CONTACT the above payment gateway?
Apr 3, 2020 at 4:58 PM /
PLS admin I need a gateway that can I can run without having a website. I tried paystack they made everything look so difficult. Pls I need another one.
Apr 3, 2020 at 10:58 PM /
You can try Flutterwave, but Paystack will server you well if you know how to utilize them
Apr 22, 2020 at 1:37 AM /
Admin thanks for dis wonderful compilation.. Pls If I want to disburse mass payment.. I mean massive one which gateway do u think is best
May 4, 2020 at 9:02 AM /
How can I integrate PayPal on my WordPress site in Nigeria?
May 4, 2020 at 9:06 AM /
How do I integrate PayPal for my e commerce her in Nigeria?
May 6, 2020 at 1:59 PM /
Please use a Woocommerce Plugin
Jul 25, 2020 at 4:25 PM /
how do payment gateway pay me my money they collected from my customer in my website?
Jul 25, 2020 at 4:36 PM /
When registering with any payment gateway, your account is collected by them, so after your clients pays from your website, they then transfer the payment to the account details you gave them, this happens within 48hrs averagely
Jul 30, 2020 at 8:57 PM /
If I have an ecommerce store accepting payments from overseas which pathway is better and cheaper?
Jul 31, 2020 at 3:11 PM /
Try Paystack or Flutterwave
Aug 7, 2020 at 8:37 PM /
What about skrill
Aug 10, 2020 at 11:53 AM /
Skrill is unavailable in Nigeria
Aug 19, 2020 at 7:52 AM /
Pls can you help on detailed information on how to integrate this gateway in our website html
Aug 23, 2020 at 11:16 AM /
It depends on the particular gateway you will like to implement, each of they have their own different documentation
Aug 21, 2020 at 10:40 AM /
Can I integrate any of these payment gateway plugins on WordPress?
I just launched my E-commerce site
Aug 23, 2020 at 11:15 AM /
Yes, you can integrate them in WordPress Woocommerce
Sep 14, 2020 at 7:53 AM /
You did not explain how to integrate PayPal on website . I clicked on your blog just to get detailed information on how to integrate my PayPal Acct on my website . You only created a separate link on how to open PayPal Acct without giving information on what attracted me to your blog post . Please can you help with that information ?
Dec 9, 2020 at 7:51 PM /
Please what means can I use to buy btc using PayPal
Dec 17, 2020 at 11:26 AM /
Pls Our NGO based here in Kaduna Nigeri needs INTERSWITCH WEBPAY TO ENABLE THE NGO RECEIVE INTERNATIONAL DONATIONS
Jan 11, 2021 at 12:05 PM /
Payment systems made our life very easy. Now we can very simply pay for purchases from other countries, the main thing is to arrange their delivery to your country or city. Now there are many ways to pay, so you just need to analyze popular payment methods and receive orders through your online website.
Jul 1, 2021 at 7:17 AM /
Please contra this light pen alert and
Nov 2, 2021 at 3:31 PM /
I am nigerian based in London, my company also based in london.
which payment gateway allows foreign company to collect payment from nigerians?
Nov 2, 2021 at 7:11 PM /
PayPal will be the best option for you
Sep 22, 2022 at 11:12 AM /
Bro, is 2checkout accepting customers to pay in NGN from their card