Today you’re going to find out the best payment gateway in Nigeria to use for your e-commerce website.
Let’s get right into the process.
Remita
Paystack is one of the best payment gateways in Nigeria.
With Paysatck businesses in Nigeria and Africa can get paid by anyone, anywhere in the world in under 30 minutes.
With the paystack stater account, Paystack allows businesses without a registered company to accept.
However, after crossing a threshold in payments you will have to register your business or your account will be locked.
Paystack is free to set up with no annual or monthly fees.
You only pay commission on transactions done through their platform.
For Local Transactions: 1.5% + ₦100
Local transactions fees are capped at ₦2000, meaning that's the absolute maximum you'll ever pay in fees per transaction.
For International Transcation: 3.9% + ₦100
Flutterwave is one of the best payment gateways in Nigeria.
With Paysatck businesses in Nigeria and Africa can get paid by anyone, anywhere in the world
Flutterwave is free to set up with no annual or monthly fees.
You only pay commission on transactions done through their platform.
For Local Transactions: 1.4%
Local transactions fees are capped at ₦2000, meaning that's the absolute maximum you'll ever pay in fees per transaction.
For International Transaction: 3.8%
For Local Transactions:
For International Transaction:
Interswitch is one of the oldest and most reliable payment gateways in Nigeria.
Interswitch is best suited for businesses doing high volumes of transactions
Interswitch has a one time set up fee of ₦150,000
Transactions: 1.4%
Transactions fees are capped at ₦2000, meaning that's the absolute maximum you'll ever pay in fees per transaction.
This means that for transactions below ₦133,333, a fee of 1.5% applies), and a 2,000 flat fee (for transactions above ₦133,333)
For Local Transactions:
Voguepay claims to be the first "free to integrate" payment gateway in Nigeria.
Voguepay has a verification fee of ₦1500 if have a Certificate of business registration for the verification process.
And ₦2500 if you use a Government-issued Identity card
1.5% for transactions under ₦2500
1.5% + ₦30 for transactions above ₦2500,
For Local Transactions:
GTPay is a secure internet payment gateway developed to facilitate payments online using debit Cards issued by banks on the Interswitch Network. GTPay plugs in seamlessly with the existing websites of customers and acts as a bridge between the customer’s website and financial institutions (Banks)
GtPay has a one time set up fee of ₦75,000
MasterCard/Visa (local) –1.5% of transaction amount (subject to a maximum of N2,000).
Interswitch Verve (local) – 1.5% of transaction amount (subject to a maximum of N2,000).
MasterCard/Visa (International) – 3% of transaction amount; no cap.
International Gateway Monthly Charge – N5,000.
GTPAY accepts both locally and internationally issued cards including Interswitch, MasterCard, and VISA.
PayU offers local payment processing across markets through connections to acquiring banks and alternative payment methods.
PayU has local operations that span across 17 markets which are Asia, Central, and Eastern Europe, Latin America, the Middle East, and Africa
There are no set up fee
Not specified on the PayU website
Accepts both locally and internationally issued cards including MasterCard, and VISA.
CashEnvoy is a payment service that allows businesses receive payment online. The payment platform commenced operations in November 2009. Websites that integrate with CashEnvoy can accept payment from all the major Nigerian debit cards, international Visa/Mastercards, and also from the CashEnvoy wallet.
There are no set up fee
SEND MONEY
To Business Account only - Free
MAKE PAYMENTS
To Business Account only - Free
WITHDRAW FUNDS
₦120.00 fee for withdrawals of ₦4,000.00 or less
RECEIVE PAYMENTS
Local: 1.5% + **N25.00 | Intl: 3.9% + N12.60
** Only applied to transactions over N1500
With Remita you can receive payments through multiple integrated options. Remita Provides the widest range of payment options on the same platform.
There are no set up fee
For Local Transactions: