PAYMENT GATEWAYS IN NIGERIA FOR YOUR BUSINESS

Payment Gateways in Nigeria

1) Interswitch 

provides payment services to businesses and individuals who want to start accepting local and international card payments online. A web merchant can receive online payment from cardholders via Interswitch WebPay or Webpaydirect.

Interswitch WebPAY and Webpaydirect have a simple page for any website seeking to offer visitors the facility to pay for goods or services by their bank-issued cards or other payment tokens, see a screenshot the interface below

2) VoguePay

 is a unique online payment gateway 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 card. The setup process is faster as customers don’t have to go thru the Interswitch Certification process.

Setup Fee:

N1500 (with Corporate Affairs Commission Certificate) and N2500 (with Government issued Identity cards).

Charges:

Deposit Funds:

Verve Card/ Naira MasterCard – 2.5%

Visa (Vpay) integration – 2.5%

International Payments: USD Debit/Credit Card Visa and MasterCard 4.5% (No Gateway Fees Applicable)

Withdraw Funds – 1% + 120 Naira

3) PayU 

has a local operations that spans 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

More details coming soon

Thanks for reading.