Top Payment Gateways in Nigeria for Ecommerce Websites (2025)

Running an ecommerce website in Nigeria requires a reliable payment gateway. The gateway you choose affects how customers pay, how quickly you receive funds, and what fees you pay per transaction. In 2025, several platforms stand out for businesses in Nigeria. Below are the top options, their features, and what makes them unique.

Paystack remains one of the most popular payment gateways in Nigeria. It is easy to integrate with ecommerce platforms like WooCommerce, Shopify, and WordPress.

Key Features:

• •Supports card payments, bank transfers, USSD, and QR codes.
• •Strong fraud detection and reliable security.
• •Plugins and APIs for easy integration.

Fees and Settlement:

• •About 1.5% + ₦100 for local transactions.
• •Around 3.9% + ₦100 for international payments.
• •Settlement usually within 24–48 hours.

Best For: Small businesses, startups, and ecommerce sites serving both local and international customers.

Downside: The fixed ₦100 fee can reduce profits on very small orders.

Flutterwave is another leading gateway in Nigeria, known for its global reach and flexibility.

Key Features:

• •Accepts cards, bank transfers, mobile money, USSD, and payment links.
• •Supports cross-border payments and multi-currency transactions.
• •Provides Rave, a full payment suite for businesses.

Fees and Settlement:

• •Around 1.4% for local transactions.
• •About 3.8% for international payments.
• •Settles to merchant accounts within a day.

Best For: Businesses that want international reach and flexible payment methods.

Downside: Forex conversion charges can add up, and premium features may require higher volume.

Monnify focuses on bank transfer solutions and is popular among Nigerian businesses that want to simplify payments without relying too much on cards.

Key Features:

• •Provides virtual accounts for businesses.
• •Automates reconciliation of payments.
• •Easy integration with mobile and web apps.

Fees and Settlement:

• •Low fees for local bank transfers.
• •Settlement is often same-day.

Best For: Businesses that receive frequent bank transfers or run subscription services.

Downside: Limited support for international payments compared to bigger gateways.

Remita is widely used by government institutions and large organizations in Nigeria.

Key Features:

• •Handles multiple payment channels.
• •Supports invoicing and payroll services.
• •Trusted by government and schools.

Fees and Settlement:

• •Around 2% for local transactions.
• •Higher rates (around 4%) for international payments.
• •Settlement typically on the next business day.

Best For: Large enterprises, schools, and government-related ecommerce operations.

Downside: May be too complex or costly for small businesses.

Interswitch is one of the oldest and most trusted names in digital payments in Nigeria.

Key Features:

• •Supports both local and international card payments.
• •Offers recurring payments and payment links.
• •Strong integration with banks.

Fees and Settlement:

• •About 1.5% for local transactions.
• •Around 3.5%–4% for international transactions.
• •Settlement time varies depending on volume.

Best For: Established businesses that value trust and reliability.

Downside: Setup fees may be higher than newer competitors.

• •Selar: Great for creators selling digital products and courses.
• •SeerBit: Offers payment links and white-label checkout.
• •VoguePay: Accepts international payments.
• •Squad by GTCO: Easy setup and good for SMEs.
• •Opay for Business: Useful for businesses with high local customer bases.
• •PayU: Global gateway with local adaptation.

When selecting a gateway for your ecommerce website, keep these factors in mind:

• •Transaction fees (local vs. international).
• •Settlement time (how quickly funds reach your account).
• •Supported payment methods (cards, USSD, bank transfers, wallets).
• •Ease of integration with your ecommerce platform.
• •Security, fraud detection, and compliance.
• •Customer support and uptime reliability.
• •Hidden costs such as withdrawal or monthly fees.

The best payment gateway for your ecommerce website in Nigeria depends on your business needs. If you want a simple, reliable option, Paystack or Flutterwave are excellent choices. If your customers prefer bank transfers, Monnify might be better. For larger organizations, Remita and Interswitch offer robust solutions.

Take time to compare transaction fees, settlement speed, and customer experience before making your decision. The right gateway will not only make payments easier but also help your ecommerce business grow.