In this age, e-commerce has been a result of the technological advancement. Now, you don’t need to go to a physical store, but you can do it from the comfort of your home or office and order online.
Money which has to be exchanged for these goods and services to become yours cannot go through except there’s a payment gateway in between. A payment gateway acts as a bridge between you the customer and the business you’re buying from that allows you to make payments.
In this article, we’ll take a look at the 5 best payment processor in Nigeria that you should try out in 2022. Let’s dive right in…
One of Nigeria’s most popular payment gateway is Paystack. As a merchant you can accept debit and credit card payment from clients and customers without stress. With Paystack, you don’t need to write code. You can set up payment pages specifically for your products and services and receive payments easily. Paystack allows you to transfer the money in your dashboard to any Nigerian bank easily.
Setup fee: Free
Local Transactions: 1.5% + N100
International Transactions: 3.9% + N100
Rave is a payment processor by Flutterwave designed to process payments for you locally and globally without no set up fees. They have a secure platform that can handle your payments. Rave lets you charge your customer’s cards and bank accounts directly. Rave features multi-currency support allowing you to accept payments in multiple currencies.
Setup fee: Free
Local Transactions: 1.4%
International Transactions: 3.8%
Interswitch is a leading online payment gateway in the country. The company’s allows its users to receive online payment from clients and customers in Nigeria and overseas. It features a safe and secure platform for processing these payments. Interswitch has helped millions of people process their payments and grow their businesses.
Setup fee: N150,000
Transaction fee: 1.5% (subject to a cap of N2000)
Remita is another payment gateway that makes payment possible online. The platform allows businesses to make and receive payments, and manage their finances. Remita can process payment in Naira and US Dollars. Remita works with a wide array of payment channels. Some of these channels are Debit/Credit Cards, Bank Branch, POS Terminals, Internet Banking, Mobile Wallet, Direct Debit, Standing Order, Cash Agents, POS, and Electronic Purse.
Setup & Support fee: Free
Local Payments: 2%
Another great payment processor for merchants and businesses is VoguePay. The platform is secure and easy to use, allowing users to make transactions easily and safely. VoguePay can allow you receive payment globally. They accept various payment methods including bitcoin. It is also possible to receive one-time payments, and subscription payments.
Loca Transactions: 1.5% + N30
Using the right payment gateway is first about knowing the ones that are available, comparing their features, and deciding which is right for you. We guess we’ve done part of the work with this article. We hope you found this article helpful? If you did, kindly leave a comment and remember to share…