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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

1. Paystack

Best Way To Receive International Payments In Nigeria

Paystack helps businesses in Africa get paid by anyone, anywhere in the world

Documents Needed to Activate Paystack Live Payment

  • Form CAC 1.1
  • Memorandum and Articles of Association
  • Certificate of Incorporation
  • Registration Number
  • Tax Identification Number
  • Proof of Business Address
  • Proof of Identity and Address for Directors of Betza Clothing and Textiles
  • Proof of Identity and Address for Shareholders that own up to 51% of your company

For Proof of Address, Paystack can accept one of the following Documents:

  • Bank statement
  • Utility bills (e.g electricity, water or DSTV bills)
  • Tax assessment
  • Letter from a government authority


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

2. FlutterwaveBest Way To Receive International Payments In Nigeria

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.

Documents Needed to Activate Flutterwave Live Payment

Individual account

  • Valid means of ID
  • Bank Verification Number
  • Web URL/Social Media page
  • Residential address
  • Personal bank account details
  • Estimated Monthly Sales

Business (Limited Entities)

  • Full MEMART Document
  • Directors’ IDs & BVN
  • Corporate Bank Account details
  • Operational Business Address
  • Verifiable website URL showing business activities
  • Operating License (where business is regulated)
  • Estimated Monthly Sales

Business (Sole Proprietorship)

  • CAC Certificate & Application for Registration for Business Name form (CAC/BN/1 or Form A)
  • Proprietor’s Name, ID & BVN
  • Corporate Bank Account details
  • Operational Business Address
  • Verifiable website URL showing business activities


  • Full CAC Documents
  • Trustees’ Names, IDs & BVN
  • Corporate Bank Account details
  • Operational Business Address
  • Verifiable website URL (where required).
  • Constitution/Memorandum of Guidance
  • SCUML Certificate
  • Estimated Monthly Sales

Accepted IDs (coloured copies only)

Driver’s License, International Passport, Identity Card, Permanent Voter’s card


Setup: Free
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

3. VoguePay

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)

4. PayU

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.

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