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Best Payment Gateways In Nigeria For your E-commerce Business (Complete List)

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.

Best Payment Gateways In Nigeria For E-commerce Business

  1. Paystack
  2. Flutterwave
  3. Interswitch Webpay
  4. VoguePay
  5. GTPay
  6. PayU
  7. CashEnvoy
  8. Remita

Paystack Payment Gateway

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.

Setup Fee

Paystack is free to set up with no annual or monthly fees.

You only pay commission on transactions done through their platform.

Commission per transaction

For Local Transactions: 1.5% + ₦100

  • ₦100 fee waived for transactions under ₦2500

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

Payment methods accepted

  • Card
  • Bank Account
  • Bank Transfer
  • USSD
  • Apple Pay
  • Visa QR
  • Mobile Money
  • POS (Coming soon)

Flutterwave Payment Gateway

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

Setup Fee

Flutterwave is free to set up with no annual or monthly fees.

You only pay commission on transactions done through their platform.

Commission per transaction

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% 

Payment methods accepted

For Local Transactions:

  • Mastercard
  • VISA
  • Bank Account
  • USSD
  • Bank Transfer
  • POS
  • Visa QR

For International Transaction:

  • Mastercard
  • VISA
  • AMEX
  • Discover® Global Network

Interswitch Webpay

Interswitch is one of the oldest and most reliable payment gateways in Nigeria.

Interswitch is best suited for businesses doing high volumes of transactions

Setup Fee

Interswitch has a one time set up fee of ₦150,000

Commission per transaction

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)

Payment methods accepted

For Local Transactions:

  • Mastercard
  • VISA
  • Verve

Need An E-commerce website with Payment Gateway Integration?

VoguePay

Voguepay claims to be the first "free to integrate" payment gateway in Nigeria.

Setup Fee

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

Commission per transaction

1.5% for transactions under  ₦2500

1.5% + ₦30 for transactions above ₦2500,

Payment methods accepted

For Local Transactions:

  • Mastercard
  • VISA
  • Bank Account
  • VoguePay Wallet

GTPay

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)

Setup Fee

GtPay has a one time set up fee of ₦75,000

Commission per transaction

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.

Payment methods accepted

GTPAY accepts both locally and internationally issued cards including Interswitch, MasterCard, and VISA.

PayU

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

Setup Fee

There are no set up fee

Commission per transaction

Not specified on the PayU website

Payment methods accepted

Accepts both locally and internationally issued cards including MasterCard, and VISA.

CashEnvoy

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.

Setup Fee

There are no set up fee

Commission per transaction

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

Payment methods accepted

  • Card
  • Bank Account
  • Bank Transfer
  • Suregifts
  • Mobile Money

Remita

With Remita you can receive payments through multiple integrated options. Remita Provides the widest range of payment options on the same platform.

Setup Fee

There are no set up fee

Commission per transaction

  • Receiving Local Payments: 2% (Min ₦100 – Max ₦2,500)
  • International Payments: 4%

Payment methods accepted

For Local Transactions:

  • Mastercard
  • VISA
  • Bank Transfer
  • Bank Transfer
  • POS
  • Mobile Money