Best Payment Gateway in Nigeria 2020

Payment Gateway for Commerce in Nigeria

In 2020, we faced global pandemic, which transferred a huge amount of commerce online. Actually, we are still facing the consequences because there are small shops that haven’t opened yet, and you can see a notice on the door: “Sorry, no commerce in 2020.”

However, this challenge has turned out to be a great opportunity for those who are initiative and enthusiastic because they managed to transfer their business online and make huge profits.

Best Online Payment Gateway in Nigeria

If you also want to start selling online, or if you already do this, but you are not satisfied with the payment gateway you use, this article is for you!

Here we analyze what different payment gateways offer, what their advantages and disadvantages are, and what commission they charge for payment. So, let’s get started!

Best Payment Gateway in Nigeria

Here is our top-5 of the best payment gateways in Nigeria.

1. Paystack

This payment gateway is one of the simplest one to use, both for merchants and customers. It automatically chooses route payments, using the most optimal channels. This helps to make sure that customers pay with the simplest steps. Thanks to this, Paystack has one of the highest rates of transactions in the market.

It offers payments by different methods: card, bank account, bank transfer, USSD, Visa QR, Mobile Money, and POS, as you can read on their website. Paystack ensures the best safety for every transaction. Besides, the website also offers support for measuring and improving your business growth.


  • setup – free;
  • local transactions: 1.5% (+ ₦100, if the payment is less than ₦2,500);
  • international transactions: 3.9% + ₦100.

To start using it, go to their website:

2.     Amplify

It is great to use Amplify because this payment gateway helps you to manage recurring payments. The security here is on the bank-level: “PCIDSS compliant and 3D Secure payment gateway via an SSL encrypted channel” are used for transaction processing, as you can read on the website.

All payments are processed within a 24-hours period. Your customers don’t have to be registered on the website to be able to make payments, which is great for fast purchases.

Various methods of payment can be exercised: cards, bank transfers and accounts, Mobile Money, Visa QR, and USSD.


  • setup – free;
  • local transactions: 1.5% (+ ₦20, if the payment is above ₦2,000);
  • international transactions: 3.8% + ₦20.

Visit the website to see for yourself:

3.      VoguePay

This is one of the most used payment gateways around the world, including Nigeria. It offers different options for payments both for customers and merchants. It is easy to create your business account on VoguePay and opt for it for your needs. Multi-currency is available with just one switch.

You can find different tools for business analytics on VoguePay. You can order your weekly performance report or sales and revenue analysis.

Apart from traditional and widespread payment methods like debit and credit cards, Visa QR, USSD, etc., VoguePay payment gateway provides you with payments in bitcoin. It is the most convenient, the safest, and most secure way to pay in bitcoin.


  • setup – free;
  • merchant verification: ₦1,500 with CAC and ₦2,500 with Govt. issued ID cards;
  • local transactions: 1.5% (+ ₦30, if the payment is above ₦2,500);
  • international transactions: 3.8% (+ 0.50 of currency transaction for Non-Naira payment).

Read more on the website:

4.     Flutterwave

This payment gateway focuses mostly on the possibility to use different currencies and accounts in Nigeria and abroad. It has multi-currency support without many steps, allowing cross-currency conversions.

It has a mobile application for customers’ convenience of using this payment gateway for online commerce, as well as allows merchants to use it in their offline stores (however, you need some equipment for this, but it is not expensive and is easy to use).

You can also create one of the best card systems for your business team with Flutterwave: create cards and set the conditions for using them.

You can use various payment methods: debit and credit cards, bank accounts, mobile money, POS, Visa QR, bank transfer, and USSD, as you can read on the website.


  • setup – free;
  • local transactions: 1.4%;
  • international transactions: 3.8%.

Visit their website for more information:

5.     Fondy for WooComerce

WooCommerce allows you to set up your online stores, but it also requires additional payment gateways. That is why we couldn’t avoid mentioning the best WooCommerce payment gateway in Nigeria, which is Fondy.

It is the best payment gateway both for merchants and for customers in Nigeria because it allows performing cross-platform payments. Fondy integrates different devices into one system.

The mobile version is easy to use. It has additional features like up-to-minute monitoring of your business. You can have business analysis and track transactions.

Fondy processes payments in numerous currencies: USD, EUR, PLN, DKK, GBP, and more than a hundred local currencies, as it is stated on the website.

Prices on this payment gateway are a little different from other options we have mentioned above:

  • monthly fee: 10 EUR;
  • card payments: 1,8% + 0,2€ (3,2% + 0,2€ for non-European cards);
  • bank transfers: 1.4% + 0.2 €;
  • technical Support: free;
  • CMS modules: free.

See the website for more information:

So, these were the best online payment gateways for online commerce and WooCommerce in Nigeria. Choose the one that fits your business!

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