Top 8 Best online payment gateway in Nigeria 2021

Top 8 Best online payment gateway in Nigeria 2021

Top 8 Best online payment gateway in Nigeria 2021

Read all about the Top 8 best online payment gateway in Nigeria 2021

If you have an e-commerce store, run an online subscription service or perhaps you have an online business that requires you to accept payment from customers without needing to physically meet them, then you will need an online payment gateway.

An online payment gateway allows businesses and also individuals to easily collect payment online from their customers.

In recent years, there has been a lot of development in the fintech industry in Nigeria, giving us the luxury of choosing from any of the numerous payment gateways to use.

In this blogpost, I am going to be writing about the Top 8 best online payment gateways in Nigeria 2021. Remember to leave us a comment after you finish reading and also share with your friends on social media.

Let’s get into it then…

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What is a Payment gateway?

The definition of a payment gateway is the technology that captures and transfers payment data from the customer to the acquirer and then transfers the payment acceptance or decline back to the customer.

A payment gateway validates the customer’s card details securely, ensures the funds are available and eventually enables merchants to get paid. It acts as an interface between a merchant’s website and its acquirer.

It encrypts sensitive credit card details, ensuring that information is passed securely from the customer to the acquiring bank, via the merchant.

Top 8 Best online payment gateway in Nigeria 2021

The below are the Top 8 best online payment gateway in Nigeria 2021


Online payment gateway

Paystack was founded by Shola Akinlade and Ezra Olubi. Shola Akinlade is the Co-founder and CEO at Paystack. As of now Stripe is the owner of Paystack after fully acquiring the company.

Paystack is an online payment gateway that makes it very easy for you to accept credit and debit card payments from your customers. You can make payment with your MasterCard, Visa and Verve cards.

Whether your business is registered or not, paystack has provided a means for you to receive payments easily from all over the world.

Paystack charges 1.5% of every transaction + a flat fee of ₦100 on local cards.

On international cards, the company charges 3.9% + a flat fee of ₦100. However, ₦100 fee is waived for transactions less than ₦2500.

Flutterwave (Rave by flutterwave)

Flutterwave was founded in 2016 by a team of ex-bankers, entrepreneurs and engineers. Its founders were Iyinoluwa Aboyeji and Olugbenga Agboola.

Flutterwave just like paystack allows both businesses and individuals to accept payments from their customers anywhere in the world. With flutterwave you can accept international payments in foreign currency like USD or EUR.

Flutterwave is a trusted payment processor in Nigeria and processes payment for some top companies like Uber, Jumia, IGIGM and Alat.

Flutterwave charges a flat rate of 1.4% processing fee per local transaction made via MasterCard, Visa, Bank Account and USSD. The fee is capped at ₦2000. For International payment, they charge a 3.8% processing fee.

Interswitch Payment Gateway

Interswitch Payment Gateway (IPG) is an internet-based collections solution that offers end-to-end integrity of all transactions, including transactions where the card is not physically available. With IPG, business owners enjoy instant value to multiple accounts with settlement within 24hrs.

The Interswitch Payment Gateway provides a seamless payment service that you can integrate to your preferred application (Web/Mobile).

It is integrated to the Interswitch infrastructure that facilitates real-time debits from cardholders’ accounts and onward credits to the partner client’s account; and is supported by major card brands i.e. Verve, MasterCard, and VISA.

Interswitch has a one-time integration fee of 150,000 naira.

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Voguepay is an online payment processor that was founded in 2012, it allows you to receive payments from your customers online.

Individuals can send and receive payments from other VoguePay accounts, similar to PayPal. And businesses can sign up with VoguePay to receive and process online payments from customers through a website or by email.

VoguePay doesn’t have as large a user base as PayPal, but it does have over 50,000 international merchants across the world who rely on VoguePay for their financial transactions. It’s a solid option to consider if you don’t mind the fees or need to launch a simple e-commerce store.


PayU is another very popular payment gateway option. It is used by Facebook to collect payments in Nigeria. All you need to collect payment from a customer is the customer’s email address or phone number.

The customer will then get a payment link which will allow them to pay using their debit/credit card. PayU accepts MasterCard, Visa and Verve cards.



GTPay is a secure internet payment gateway developed to facilitate payments online using debit Cards issued by banks on the Interswitch Network. GTPay plugs in seamlessly with the existing websites of customers and acts as a bridge between the customer’s website and financial institutions (Banks).

GTPay enables cardholders to pay merchants (our customers) for internet purchases of goods and services from the comfort of their offices/homes by supplying details of their local debit/credit cards

GTPAY accepts both locally and internationally issued cards including Interswitch, MasterCard and VISA.


CashEnvoy is a payment service that allows businesses receive payment online. The payment platform commenced operations in November 2009. Websites that integrate with CashEnvoy can accept payment from all the major Nigerian debit cards, international Visa/Mastercards and also from the CashEnvoy wallet.

CashEnvoy is approved by the Central Bank of Nigeria (BPS/PSP/GEN/PSM/02/010) to process web transactions and a member of Electronic Payment Providers Association of Nigeria.

On Cashenvoy, you can register either personal/individual or business accounts and receive payments easily.

Cashenvoy charges ₦120.00 fee for withdrawals of ₦4,000.00 or less and for receive payments Local: 1.5% + **N25.00 | Intl: 3.9% + N12.60.


eTranzact is another best electronic payment and transaction gateway company in Nigeria. Their easy to use platform ensures that merchants and customers carry out their online transactions securely and smoothly.

The company has presence in African countries like Nigeria, Kenya, Ghana, South Africa, Zimbabwe and even some European countries. They accept all kinds of cards (Visa and MasterCard) issued by Nigerian banks and all e-payment types, from POS, internet, ATM, etc.

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Thank you for reading my Top 8 Best online payment gateway in Nigeria 2021. If you have any comment or question, you can leave it below in the comment section.

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