payment gateways in nigeria

10 Online Payment Gateways in Nigeria for E-commerce

If you are planning to build an eCommerce store for your business or maybe a website that your clients can conveniently make payments online for your goods & services then you must probably be in search of the top payment gateways in Nigeria for your website.

Today in this post I will be sharing with you the top payment gateways in Nigeria, their transactional charges, integration charges and every other important information you need to know.

As a businessman who wants to make a living running a successful online business, you need an online payment gateway which allows your customers to conveniently pay for your goods & services from the comfort of their bedroom. But how do you figure out the best for your business? You are about to figure out.

Payment Gateways in Nigeria

1. Interswitch Webpay

interswitch payment gateway

Interswitch Webpay allows your customers to conveniently make payment for your online while you get paid to your bank account within 24hours. Interswitch webpay is currently used by top eCommerce stores in Nigeria like Jumia Nigeria.

Pricing

  • Setup Fee: ₦150,000
  • Transactional Fee: This is the percentage payment you pay to Interswitch whenever there is a successful transaction on your website. Transactional fee: 1.5% to a cap of  ₦2,000.

-Learn more about Interswitch.

2.GTPAY

GTpay payment gateway

One will not talk about payment gateways in Nigeria without mentioning GTpay. GTpay is a payment gateway owned by GTBank. Gtpay allows your customers to conveniently pay your goods while you the merchant receives your payment within 24hours. In order to get started with GTPay, you must have a GTB bank account.

  • Setup Fee: ₦75,000
  • Local transaction charges: 1.5% which is capped at a maximum of ₦2,000.
  • International transactions through Visa & MasterCard cards: 3% of transaction with no cap.
  • International Gateway Charges per month: ₦5,0000

-learn more about GTPay

3. Paystack

paystack

 

Paystack is a payment gateway in Nigeria which is perfect for small business with little start-up income. Paystack allows your customers to make payments online using card payment, Bank transfer, QR code or GTBank 737. Paystack is a favorite for most small business owners because they don’t charge a cent for integration. Additionally, integrating paystack to your online store is very easy and can be done in a few minutes without much technical knowledge.

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Additionally, on paystack you can set up recurring fees or a one-time payment for your goods & services.

Pricing

  • Setup Fee: Free
  • Local Transactional fees: 1.5% of transactional amount + 100 which is capped at a maximum of N2,000.
  • Foreign Transactional Fees: 3.9% of transactional amount + 100.

-learn more about paystack.

4.VoguePay

voguepay payment gateway

Voguepay enables your customers to conveniently make payment on your website for your Goods and services through card payments and even bitcoin.

On voguepay, you can easily set up recurring bills or a one-time payment for customers. To get started with voguepay you must pay a merchant verification fee of ₦1,500 with Corporate Affairs Commission and ₦2,500 with Govt. issued Identity cards.

Pricing

  • Setup Fee: Free
  • merchant verification: ₦1,500 with CAC and ₦2,500 with Govt. ID card
  • Local transactional Fees: 1.5% + 30 naira
  • International transactional fees: 3.8% of the transactional amount
  • Funds withdrawal fees: 1% + 120 naira

-Learn more about VoguePay.

5. Rave

rave payment gateway

Rave is payment gateway provider in Nigeria which allows your customers to securely pay online for your goods or services from the comfort of their bedroom. Using Rave payment gateway system, you can easily get paid from your customers (both foreign & Local). Rave ensures that you get paid with 24hours.

Pricing

  • Setup fee: Free
  • Local Transactional fees: 1.4% + 50 naira
  • Foreign transactions: 3.5%

-learn more about Rave.

6. 2Checkout

2checkout allows any business owner to easily and conveniently accept global payment from their customers using multiple options like card payment, American Express, Diners Club, PayPal and many more. 2checkout is an American based payment gateway provider which allows Nigerians to enjoy their service.

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Pricing

  • Setup fee: Free
  • Local Transactional Fees: 5.5% of the transactional amount + 45¢
  • International Transactional Fees: 5.5% of the transactional amount + 45¢

-Learn more about 2Checkout.

7. CashEnvoy

CashEnvoy is one of the payment gateways in Nigeria which allows you to securely and smartly accept payments for goods & services from your customers. Cashenvoy started in 2009 and is approved by the central bank of Nigeria to securely process online payments for merchant nationwide.

Pricing

on cashenvoy, there are two different accounts you can create which are: personal and business accounts. However, If you are a business owner then you need to open a business account with them.

personal account pricing:

  • Sending money: not applicable
  • making payments: free
  • withdraw funds: Not applicable
  • Receive payments:  Not applicable

Business Account pricing:

  • Sending money: to business accounts only – free
  • Making payments: to business accounts only – free
  • withdraw funds: ₦120.00 fee for withdrawals of ₦4,000.00 or less
  • Receive local payments: 1.5% of transactional amount + 25 naira
  • Receive foreign payments: 3.9% of transactional amount + 12.6 naira

-Learn more about CashEnvoy.

8. Amplify

amplify payment gateway

Amplify is the smartest way to receive recurring payments from your foreign & local customers. With amplify, you can conveniently receive payments from your customers even without a website just create a simple form and share of it to your customers and you are good to go.

Pricing

  • Setup Fee: Free
  • Local Transactional fees: 1.5% + ₦20 which is capped at a maximum of ₦2,000
  • Foreign Transactional fees: 3.8% + ₦20

-Learn more about amplify.

9.Payza

amplify payment gateway

Payza is an online payment gateway processor which operates in 197 countries including Nigeria. Payza allows you to conveniently receive payments from your customers while you get paid in dollars in your domiciliary account in Nigeria.

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Pricing

PayZa offers two different accounts which are: Personal and business accounts. However, if you are a business owner you will need to create a business account with them.

Personal account pricing:

Open an Account: FREE
Receive Funds in BTC: 1.2 %
Receive Funds*: 2.90 % + $0.30 USD
Send Funds: FREE

Business account pricing:

Open an Account: FREE
Receive Funds*: 2.90 % + $0.30 USD
Send Funds: FREE

Receive Funds in BTC: 1.2 %

-Learn more about Payza.

10. eTranzact

etranzact payment gateway

eTranzact is an online payment processor which currently operates in countries in the world like Nigeria, South Africa, Ghana, Zimbabwe, Kenya, Cote d’Ivoire, and the United Kingdom. eTranzact was founded in 2003 and since then has been one of the top payment gateway processors in some countries in the world.

When creating this post we couldn’t actually verify the correct transactional fees of this payment gateway.

-Learn More about Etranzact.

Wrapping it up…

There you have it, the list of top 10 payment gateways in Nigeria, their pricing and setup fees. Feel free to test the waters and find the perfect payment processor for your business. As for us here at Dukewebs Technologies, We will always try to keep this post updated with the latest information as time goes on.

Do you need an eCommerce website for your business? or maybe you already have one but it needs to be redesigned? Feel free to contact us or request a quotation for our eCommerce website design services and we will help you make your project a reality.

Do you know any noteworthy payment gateway that supposed to be added to this list but was omitted? Mention them in the comments and it might be added to this list as well.

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