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Tuesday, September 29, 2020

10 Payment Gateways in Nigeria

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Nigerian consumers have adopted online payments instead of the traditional payment method because it is fast, safe, and convenient. 

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As a result, as a merchant, you can choose from a wide range of online payment gateways in Nigeria. Before making your choice of selecting which online payment gateway you should use, you must review and see which best suits your business. 

You should know the solutions that everyone offers, prices, and payment methods. Is it local or international? Is it safe and secure? Plus, go online to find out what people are saying about each online payment gateway.

In this write-up, we will discuss the most popular online payment gateways in Nigeria, with their features and prices:

  • Paystack
  • Flutterwave
  • GTPay
  • Interswitch Webpay
  • eTtranzact
  • VoguePay
  • SimplePay
  • CashEnvoy
  • FirstPay Link
  • GlobalPay
  • PayU
  • U-Collect
  • DusuPay
  • Remita

1. Paystack


Paystack is presently one of the most popular online payment gateways. It grants access to merchants to accept debit and credit card payments online from their customers.

It’s a reliable and straightforward way to accept multi-channel payments, use payment sites to launch online promotion for your products and services without writing code, and also manage your subscription business easily.

As a Paystack merchant, you can pay money directly from the Paystack dashboard to any bank account in Nigeria.

  • Registration fees: free
  • Local cards: 1.5% + ₦ 100
  • International cards: 3.9% + ₦ 100
  • There is a ₦100 charge for transactions below ₦2,500.

2. Flutterwave


Flutterwave makes it effortless for banks and businesses to process payments across Africa. 

The online payment gateway allows consumers to pay for things in their local currency; Flutterwave is liable for integrating banks and payment service providers into its platform so that companies do not have to bear costs and charges.

Rave is a Flutterwave product that permits website owners to receive debit/credit card payments from customers in more than 154 countries. Visa, MasterCard, Verve are supported on Flutterwave.


Your clients in the United States, South Africa, and Nigeria can pay you directly from their bank accounts.

3. GTPay

GTPay is a by-product of GTBank, one of the major banks in Nigeria. GTPay is a secure online payment gateway designed to facilitate online payments.

It links existing customers’ websites and serves as a bridge between the user’s website and financial institutions. It also accepts local and international cards, including Interswitch, MasterCard, and Visa.

Merchants receive value the next business day after the transaction for local transactions and 48 business hours for international transactions.

GTpay allows merchants to review transactions as they occur.

  • Registration fee: ₦75,000 
  • MasterCard/Visa (local): 1.5% of the transaction amount 
  • Interswitch Verve (local): 1.5% of the transaction amount 
  • MasterCard/Visa (international): 3% of the transaction amount

4. Interswitch Webpay

Interswitch Webpay is an integrated Africa-based digital commerce and online payment gateway company that enables electronic money flow and the exchange of values ​​between individuals and organizations in a timely and consistent manner.

An online merchant can receive online payments from cardholders via Interswitch WebPay or Webpaydirect.

  • Registration fee: ₦150,000
  • For every successful transaction, a fee of 1.5% of the transaction value is charged to a cap of ₦2000.

5. eTtranzact

eTranzact is among Nigeria’s multi-application and multi-channel platforms for exchanging electronic transactions and processing payments.

eTranzact operates in Nigeria, Ghana, Kenya, Zimbabwe, South Africa, Côte d’Ivoire, and the United Kingdom, and is presently expanding to many other countries.

eTranzact online payment gateway services include all types of electronic payments from ATMs, the Internet, points of sale, and mobile devices. eTranzact also accepts all cards issued locally by Nigerian banks, such as Visa and Master cards.


6. VoguePay

VoguePay is an online payment gateway that allows a website owner to access their website without paying a fee for goods and services.

VoguePay’s global coverage permits consumers and businesses to securely make and receive payments in all major currencies, regardless of location.

It allows merchants to offer their customers more payment methods via the Internet, from online banking (direct payment), wallet transfer, mobile payment, subscription billing to Bitcoin payment.

Receive and make payments online from anyone, even if you have a Voguepay account or not.

  • Registration fee: ₦1500 (with the Corporate Affairs Commission Certificate) and ₦2500 (with government-issued identity cards)
  • Payment Method: MasterCard, Verve – 2.5%
  • Visa card (Vpay): 1.5% for transactions below ₦2000 

7. SimplePay

As the name implies, with SimplePay online payment gateway, all you need is an email address and a bank account for safe and secure online payments.

SimplePay is formulated for merchants, small scale business owners, and individuals. SimplePay was established in 2013 and started operations in 2014 in Abuja, Nigeria.

  • Registration fee: ₦300 to verify bank account
  • Payment method: MasterCard Verve/Naira – 1.5%
  • ETranzact/Web Card – 1.5%
  • Visa (Vpay) – 1.5%
  • Withdrawal of funds: Transfer money to your linked bank account – N300.00 per transaction.

8. CashEnvoy

CashEnvoy is an online payment gateway service in Nigeria that allows businesses to receive payments online.

Websites that accept CashEnvoy can accept payments from all major Nigerian debit cards as well as from CashEnvoy wallets. CashEnvoy facilitates the transfer of money from a person to a merchant via a web application and personal email addresses.

With the CashEnvoy online payment gateway, you can send money without sharing your financial information, and you can also pay via bank accounts and debit cards.

Registration and CashEnvoy payments are free.

  • Payments to a business account – free
  • Local payment – 1.5% + ₦25.00
  • International payment – 3.9% + ₦12.60
  • Withdrawal of funds: ₦120.00 withdrawal fees for ₦4000.00 or less)

9. FirstPay Link

FirstPay Link is an online payment gateway that allows online payments on merchants and e-commerce sites. It is a multi-platform internet payment.

It allows online payments via InterSwitch, eTranzact, Visa, and MasterCard. FirstPayLink is a by-product of First Bank Nigeria.

  • Registration fee: One time implementation fee costs ₦50,000 per switch (card scheme).
  • Transaction fees: 1.5% of the transaction costs, provided the amount is a maximum of ₦2000.

10. GlobalPay

Thanks to its unique integration, GlobalPay allows merchants to receive payments via MasterCard, Visa, and Verve cards from anywhere in the world.

In addition to GlobalPay online payment gateway, your website will also have the functionality to accept and monitor mobile payments. There is an online log available to view all transactions as they take place on your website.

GlobalPay receives MasterCard, Visa, Verve, and eTranzact cards. GlobalPay is a by-product of Zenith Bank, Nigeria.

  • Registration fee: ₦75,000
  • Local charges – 1.5% of the transaction amount provided it is a maximum of ₦2,000 
  • International charges – 3.5% of the transaction amount

11. PayU

PayU is another online payment gateway that is a safe, secure, and convenient way for customers to pay you. All you need is the client’s email address or mobile number to send them a payment link and easily pay them with the card.

Existing payment methods include e-commerce compatible credit and debit cards.

12. U-collect

U-Collect is an online payment gateway that allows merchants to accept card payments from customers who wish to make an online purchase using different cards.

This online payment gateway connects merchants, cardholders, and financial institutions, providing secure transactions and timely payments.

It handles all types of local card payments (Verve, Genesis, MasterCard, Visa, and eTranzact. Also, international MasterCard and Visa payments are accepted.


U-collect is a by-product of the United Bank for Africa(UBA)

  • Registration fee: free
  • Monthly fees: free
  • Transaction fees: 1.5% of the transaction amount with a maximum cap of ₦2000 for every transaction.

13. DusuPay

DusuPay online payment gateway provides the most secure, efficient, fast, and straightforward payment processing infrastructure across Africa.

DusuPay accepts Visa, MasterCard, and Verve payments.

  • Registration fee: free
  • Monthly fees: free

14. Remita

Remita is one of the popular online gateway means of payment in Nigeria. Remita is the government’s number one choice for collecting digital payments, which means that they are safe and reliable to work with.

Remita online payment gateway offers a wide range of payment methods, including online banking, debit/credit cards, bank branches, point-of-sale terminals, mobile wallets, cashiers, mPOS, direct debits, standing orders, and electronic wallets.

  • Registration: free
  • Local payments: 2% (Min.100 – Max. ₦ 2500)
  • International payments: 4%


Simply put, online payment gateways enable your customers to make payments on your website. We reviewed the top online payment gateways in Nigeria that you could consider for your online business.

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Fadehan Emmanuel
Moore is an Associate—Editor of TheXplorion. Got a NEWS TIP related to this story — or to anything else in the world of big tech? Please e-mail him: mooreplug[at]gmail.com. You can also connect with him via the connections below the box.
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