Best Online Payment Gateways In Nigeria 2021(LIST OF TOP 8)

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Top 8 Best online payment gateways in Nigeria 2021. In this post,  you’ll see the best online payment processors in Nigeria in 2021 and beyond.

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

If you own an e-commerce store, run an online subscription service or an online business that requires you to accept payment from customers.

You’ll not need to meet them physically, what you’ll need is an online payment gateway.

Online payment gateways allow businesses and individuals to collect payment easily online from their customers.

These days, there has been lots of development in the fintech industry in Nigeria. It offers the opportunity of choosing from any of the various payment gateways to use.

So in this post,  you’ll see the Top 8 best online payment gateways in Nigeria 2021. Remember to drop a comment after reading and also share with your friends on social media.



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What is a Payment gateway? Best online payment gateways in Nigeria 2021.

A payment gateway is the technology which captures and transfers payment data from the customer to the receiver. And then transfers the payment acceptance or rejection back to the customer.

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

Also, it encrypts sensitive credit card details and ensures that information is passed securely from the customer to the acquiring bank, through the merchant.

Top 8 Best online payment gateways in Nigeria 2021

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


Best Online payment gateways in Nigeria

Paystack was created by Shola Akinlade and Ezra Olubi. Shola Akinlade is the Co-founder and CEO at Paystack. Stripe is now the owner of Paystack after they fully acquired the company.

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

As a matter of fact,  it’s what I personally use for my online store.

Whether your business is registered or not, paystack has provided a way for you to receive payments easily worldwide.

They charge1.5% of every transaction + a flat fee of ₦100 on local cards.

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

Flutterwave (Rave by flutterwave)

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

Flutterwave likewise paystack allows both businesses and individuals to accept payments from their customers around the world.

With flutterwave you can receive international payments in foreign currency like USD or EUR.

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

They charge 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

This Payment Gateway is an internet-based collections solution which offers end-to-end integrity of all transactions. Including the transactions where the card is not available physically.

With Interswitch payment gateway, business owners enjoy instant value to multiple accounts with settlement within 24hrs.

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

It’s connected to the Interswitch infrastructure that facilitates real-time debits from cardholders’ accounts and onward credits to the partner client’s account. It’s 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 created in 2012. It allows you to accept payments from your customers online.

This was the first payment gateway which I used for my online store before I changed to Paystack.

Individuals can send and receive payments from other VoguePay accounts, which is similar to PayPal. And businesses can register with VoguePay to receive and process online payments from customers via a website or by email.

Also read: Voguepay referral program.

VoguePay don’t have a large user base as PayPal. But it have have more than 50,000 international merchants around the world who rely on VoguePay for their financial transactions.

It’s a good option to use if you don’t mind the fees or need to launch a simple e-commerce store.


PayU is yet another popular payment gateway option. Facebook use it to collect payments in Nigeria. All you need to accept payment from a customer is the customer’s email address or phone number.

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


Best online payment gateways in Nigeria 2021

GTPay is a secure internet payment gateway created to facilitate payments online using debit Cards issued by banks on the Interswitch Network.

GTPay integrates seamlessly with the existing websites of customers and serves as a bridge between the customer’s website and financial institutions (Banks).

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

They accept both local and international cards including Interswitch, MasterCard and VISA.


CashEnvoy is a payment service which let’s businesses receive payment online. The payment gateway began operations in November 2009.

Websites that integrate with CashEnvoy can receive payment from all the Nigerian debit cards, international Visa/Mastercards and also from the CashEnvoy wallet.

They’re 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 sign up for either personal/individual or business accounts and receive easy payments.

They charge ₦120.00 fee for withdrawals of ₦4,000.00 or below, and for receiving payments Locally: 1.5% + **N25.00 | Intl: 3.9% + N12.60.


Etranzact is another good online payment and transaction gateway company in Nigeria. Their platform is very easy to use. They ensure that merchants and customers do their online transactions securely and effectively.

The company is located in African countries like Nigeria, Kenya, Ghana, South Africa, Zimbabwe and even some European countries.

They accept different kinds of cards (Visa and MasterCard) issued by Nigerian banks and all e-payment types, from POS, internet, ATM, etc.

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Why you need any of the best online payment gateways in Nigeria

If you have an e-commerce store or website,  you need online payment gateway to receive your payment.

Reason why you need it is because it’ll make it easier for your customers to pay for your products or services. It’ll also help you not not loose any sale.

Conclusion on best online payment gateways in Nigeria

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

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