Top 10 Best Online Payment Gateways For E-Commerce Stores In Nigeria

Starting an e-commerce business in Nigeria can be difficult. You’d want to put a lot of thought into it even before you start building your website. And when you eventually develop your site, choosing a payment method – one with great support,and low commission per transaction is another challenge startups face in Nigeria.

With so many online payment gateways to choose from, you can easily be spoilt for choice. So in this article, based on our client’s feedback, we thought to share the top 10 online payment gateways in Nigeria for international transactions that you should consider for your online business.

What is an Online Payment Gateway?

An online payment gateway is a payment processing technology that communicates transaction information between customers and merchants. The payment gateway enables customers to make payments on your website.

Factors to consider when choosing an online payment gateway systems

  • Set up fee
  • Commission per transaction
  • Acceptable payment methods
  • Fraud and risk management
  • Currency accepted
  • Onboarding and approvals time
  • Recurring Billing
  • Charges on refund
  • Settlement time
  • SDK stack
  • Split payment
  • Support

Top 10 Best Online Payment Gateways in Nigeria.

1. Paystack

Online Payment Gateways

Paystack offers everything you need to accept payments from customers worldwide. Whether you’re a small business owner or a large brand looking to test another payment gateway, Paystack has solutions to your marketing challenges.

Its simplicity, high level of Security, and low commission per transaction make it one of the best options for African businesses, especially the SMEs in Nigeria and other African countries.

What payment methods are available on Paystack?

  • Paystack accepts Card, Bank accounts, Bank transfers, USSD, Visa QR, Mobile money, and POS (coming soon).
  • Paystack supported currencies: GHS, NGN, USD.

What is the commission per transaction rate on Paystack?

These are the commission per transaction rates on Paystack:

  • On Local Cards: 1.5% + NGN 100
  • On International Cards: 3.9% + NGN 100

There’s a waiver of 100 fees for transactions below NGN 2500

It is easy and free to get started with Paystack; setting up only takes a few minutes, and you can even do it on your website or app even without a developer.

Paystack ensures that Payments are processed and completed within 2-3 steps.

Choose Paystack if you’re looking to create hassle-free payments for your customers on your website.

Paystack tools and resources

Beyond payments, Paystack offers you helpful resources and tools, plus reliable support and business solutions to succeed online.

2. Rave by Flutterwave

Online Payment Gateways in Nigeria

Rave by Flutterwave allows you to receive payments from customers both locally and globally. It comes with zero setup fees and with customer’s experience in mind. Flutterwave makes accepting payments online easy, safe and secure.

What payment methods are available on Rave by Flutterwave?

  • On local, Flutterwave accepts: Mastercard, VISA, Bank Account, USSD, Bank Transfer, POS, Visa QR
  • On international Flutterwave accepts: Mastercard, VISA, AMEX

What is the commission per transaction rate on Rave by Flutterwave?

  • Local – 1.4%
  • International – 3.8%

List of currencies Flutter wave supports.

Flutter waves have multi-currency support: you can receive payments in multiple currencies at the flip of a switch. Flutterwave also supports cross-currency conversions.


One exciting feature on Rave is the automatic white label offered free.

Choose Rave by Flutterwave if you want to accept many types of currency Cards and account payments. You can charge cards and bank accounts directly and also direct debit your customers’ bank accounts.

3. VoguePay

Voguepay Online Payment Gateways For E-Commerce Stores In Nigeria 2022

Another online payment platform that’s simple and secure to use is VoguePay. It allows you to send and receive payments globally, just like Rave by Flutterwave.

What payment methods are available on VoguePay?

Visa, MasterCard, Bank Transfer, VoguePay Wallet. And accept Naira (N), USD ($), Euro (€), GBP UK Pound (£), Ghanaian Cedi (GHS), and South African Rand (ZAR)

What is the commission per transaction rate on VoguePay?

  • Naira cards = 1.5%.
  • (Transactions above NGN 2,500 = 1.5% + NGN 30)
  • Withdrawal: 0.99% + NGN 99
  • VoguePay wallet & Wallet fund transfer: 1%
  • International currencies:
  • Transaction fee: 3.8% +
  • Withdrawal fee: 1.5%

VoguePay Risks and Security

VoguePay has a wide coverage and allows consumers to safely make payments in all major currencies, regardless of their locations. It is one of the best payment gateways for international transactions. The online payment gateway offers a safe and secure platform to accept payment in bitcoin. It allows you to accept one-time payments, set up subscriptions, and even receive donations.

Voguepay is developer-friendly, and you can easily consume their API; there is documentation to make integration easy, even for non-developers.

4. GTPay

Gtpay Online Payment Gateways For E-Commerce Stores In Nigeria 2022

GTPay is a secure online payment gateway created and owned by GTBank. Its purpose is to facilitate payments online using debit Cards issued by banks on the Interswitch Network.

To use GTPay as an online payment gateway on your website, you must first have an account with GTBank.

What payment methods are available on GTPay?

GTPAY accepts both locally and internationally issued cards, including Interswitch, MasterCard, and VISA. And logs GTPAY comes with a unique, online monitoring console that allows merchants to view transactions as they occur.

What is the commission per transaction rate on GTPay?

  • GtPay local transactions: 1.5% of transaction amount (subject to a maximum of N2,000)
  • GtPayInternational transactions (MasterCard, VISA): 3% of transaction amount; no cap.
  • International Gateway Monthly Charge: N5,000
  • Setup Fee: ₦75,000

5. Interswitch WebPay

Online Payment Gateways For E-Commerce Stores In Nigeria 2022

Interswitch Webpay is an online payment gateway that anyone can easily integrate directly into his website and enables funds to be paid directly into his account.

What payment methods are available on WebPay?

Nigerian cards, Verve, MasterCard, and Visa card.

What is the commission per transaction rate on WebPay?

For transactions below N133,333, a fee of 1.5% applies), and a N2,000 flat fee (for transactions above N133,333.

6. AmplifyPay

Amplify’s online payment gateway system is the smartest way to accept and manage recurring payments in Nigeria. It has the solution for any online business and comes with a good payment gateway commission.

Amplify processed all transactions through a PCI DSS compliant and 3D Secure payment gateway (SSL encrypted channel).

Payments made through Amplify are processed into your company bank account within 24 hours. Amplify automatically retries your customer’s card until payment goes through for up to 2 days in the case of transaction failure.

What payment methods are available on WebPay?

Amplify accepts payments in over 40 currencies from VISA, MasterCard, Verve, and American Express. Also, with Amplify, your customers can pay directly from their bank accounts.

What is the commission per transaction rate on AmplifyPay?

  • Setup Fee: Free
  • Local Transactions: 1.5% + ₦20 (capped at ₦2,000)
  • International Transactions: 3.8% + ₦20

7. Remita

Online payment gateways

Remita, founded in 2014, is an online payment gateway that allows you to receive and make payments on your site, including mobile apps. There are ready-to-use plugins, SDKs, and APIs that make integration developers friendly.

Remita offers a unique feature that allows you to see all your bank account balances, from any bank, on one screen.

It also has a built-in feature that lets you get paid by simply generating and sharing payment requests (or e-Invoices) with customers. And help you manage your payroll & HR management needs.

What is the commission per transaction rate on Remita?

  1. Setup & Support Fees: Free
  2. Receiving Local Payments: 2% (Min ₦100 – Max ₦2,500)
  3. International Payments: 4%

What payment methods are available on Remita?

Internet Banking, Debit/Credit Cards, Bank branches, POS Terminals, Mobile wallets, Cash Agents, mPOS, Direct Debit, Standing Order, and Electronic Purse.

8. PayU

Online payment gateways

PayU Online Payment Gateways For E-Commerce Stores In Nigeria 2021

PayU is another leading online payment service provider that provides businesses with more reach by accepting national and international credit cards. It is fast, simple, and secure.

9. CashEnvoy

cashenvoy Online Payment Gateways For E-Commerce Stores In Nigeria 2022

CashEnvoy is a multi-currency support online payment gateway platform.

What is the commission per transaction on CashEnvoy?

  • Withdraw funds: NGN 120.00
  • (fee for withdrawals of NGN 4,000.00 or less)
  • Local: 1.5% + NGN 25.00 |
  • International: 3.9% + NGN 12.60

What payment methods are available on CashEnvoy?

MasterCard, GTBank, Interswitch, eTranzact, Visa, Verve, Suregifts, Flutterwave, Cashenvoy Wallet, and Mobile money.

10. 2Checkout

2Checkout Online Payment Gateways For E-Commerce Stores In Nigeria 2022

Last on our list of top 10 is 2checkout. It’s straightforward to use. Set up is free with great support.

What is the commission per transaction on 2Checkout?

  • Commission per transaction on 2Checkout is 3.9 % + $0.45 USD
  • The commission per transaction on the 2Checkout cross-border fee is 1.5%

What payment methods are available on 2Checkout?

2checkout accepts all major currencies payable through American Express, Visa, MasterCard, JCB, Neteller, PO, Skrill, Paypal, Bank Transfer, and Interswitch Verve.

Note that this list is not in any particular order. We advise you to carry out personal research to find the one that fit your business needs.

Leave a Comment