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E-commerce2025 Guide

Best Payment Gateways in Nigeria 2025

Compare Paystack, Flutterwave, and other payment gateways for your Nigerian business. Understand fees, features, and which one is right for you.

December 26, 2025
ProWeb Nigeria Team
10 min read

Why Payment Gateway Choice Matters

Choosing the right payment gateway affects your customer experience, transaction costs, and business operations. A poor choice can lead to failed payments, lost sales, and frustrated customers.

In Nigeria, we're fortunate to have several excellent options. Here's our comprehensive comparison.

Payment Gateway Comparison

⭐ Recommended

Paystack

Nigeria's most popular payment gateway, now owned by Stripe. Known for reliability and excellent developer experience.

4.9
Transaction Fee
1.5% + ₦100 (capped at ₦2,000)
Setup Fee
Free
Settlement
Next business day

Features

Card paymentsBank transfersUSSDMobile moneyRecurring billingSplit payments

Pros

  • Excellent documentation
  • Reliable uptime
  • Great support
  • Easy integration
  • Trusted brand

Cons

  • •Fees can add up for small transactions
  • •Limited to Nigeria primarily
Best for: Most Nigerian businesses, especially those prioritizing reliability
⭐ Recommended

Flutterwave

Pan-African payment solution with wide coverage across Africa. Great for businesses operating in multiple African countries.

4.7
Transaction Fee
1.4% (local cards), 3.8% (international)
Setup Fee
Free
Settlement
Next business day

Features

Card paymentsBank transfersMobile moneyUSSDBarter (virtual cards)Multi-currency

Pros

  • Pan-African coverage
  • Virtual cards (Barter)
  • Multi-currency support
  • Good for cross-border

Cons

  • •Some reliability concerns reported
  • •Support can be slow
  • •Interface less intuitive
Best for: Businesses operating across multiple African countries

Interswitch (Webpay)

One of Nigeria's oldest payment processors. Strong in enterprise and banking integrations.

4.2
Transaction Fee
1.5% (varies by agreement)
Setup Fee
Varies
Settlement
1-2 business days

Features

Card paymentsBank transfersVerve cardsQR payments

Pros

  • Established brand
  • Strong bank relationships
  • Good for enterprise

Cons

  • •Dated interface
  • •Complex integration
  • •Less developer-friendly
Best for: Large enterprises with existing bank relationships

Monnify

Payment gateway by Moniepoint (formerly TeamApt). Growing in popularity with competitive rates.

4.3
Transaction Fee
1.5% (capped at ₦1,500)
Setup Fee
Free
Settlement
Same day / Next day

Features

Card paymentsBank transfersReserved accountsDisbursements

Pros

  • Lower fee cap
  • Fast settlement
  • Reserved accounts feature
  • Growing ecosystem

Cons

  • •Smaller market share
  • •Less documentation
  • •Fewer integrations
Best for: Businesses wanting lower transaction caps

Our Recommendation

For most Nigerian businesses, we recommend Paystack as the primary payment gateway. It offers the best combination of reliability, developer experience, and support.

If you're operating across multiple African countries, consider Flutterwave for its pan-African coverage.

Many businesses use both - Paystack as primary and Flutterwave as backup - to ensure maximum uptime and payment success rates.

Integration Tips

  • Test thoroughly: Use test mode before going live
  • Handle errors gracefully: Show clear messages when payments fail
  • Implement webhooks: Don't rely solely on redirect callbacks
  • Verify transactions: Always verify on your server before fulfilling orders
  • Keep credentials secure: Never expose secret keys in frontend code

Need Payment Integration?

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