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Best 10 Online Payment Methods In Nigeria 2022
Here is a compilation of the 10 best online payment methods in Nigeria, for your websites and Eccomerce platforms, in 2022.
Having a smooth online payment method on your website offers a lot of benefits, aside from its efficiency, security and reliability, it also attracts more users and customers. However choosing a perfect payment method for your website can be a tedious process, which is why we have compiled the 10 best online payment methods in Nigeria in 2022.
Best 10 Online Payment Methods In Nigeria 2022
Rank | Online Payment Method | Setup Fee | Split Payments |
1 | Paystack | Free | Yes |
2 | Flutterwave | Free | Yes |
3 | Vogue Pay | N1500 | Yes |
4 | Cash Envoy | Free | No |
5 | Dusu Pay | Free | No |
6 | Remita | Free | No |
7 | Interswitch Webpay | N150,000 | No |
8 | 2checkout | Free | Yes |
9 | Amplify | Free | Yes |
10 | Paypal | Free | Yes |
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1. Paystack
Paystack is an Online payment method for businesses in Nigeria and entire Africa at large. The platform accepts payments from multiple local and global payment channels and provides tools to help traders retain existing customers and acquire new ones. It also provides reliable support and business solutions to measure and improve your growth.
2. Flutterwave
Flutterwave provides a payment infrastructure for global merchants and payment service providers across the continent. The platform also has a multi-currency feature that allows traders to receive payments in multiple currencies. It also supports cross-currency conversions and automatic white label possibilities.
3. Voguepay
Voguepay is one of the best online payment methods in Nigeria 2022. The platform allows you to send and receives payments globally. It also allows consumers and businesses to safely make and receive payments in all major currencies, regardless of location. Voguepay is considered one of the best payment methods in Nigeria due to its numerous features such as accepting payment in bitcoin, accepting one-time payments, setting up subscriptions, and even receiving donations.
4. Cash Envoy
Generally considered as the Nigerian Paypal and one of the best payment methods in Nigeria. The platform commenced operations in November 2009 and can accept payment from all the major Nigerian debit cards, international Visa and Mastercards. As a member of the Electronic Payment Providers Association of Nigeria, Cash Envoy is approved by the Central bank of Nigeria to process web transactions in the Country.
5. Dusu Pay
Dusu pay is an Uganda-based payment and one of the leading trusted payment gateway in Africa. The platform was founded in 2015 by a group of entrepreneurs, looking for a way that would allow their customers to deposit funds easily and instantly to their online brokerage system. The platform has however evolved into a B2B business helping multiple businesses expand to Africa.
6. Remita
Remita is a Nigeria founded payments method that allows websites and e-commerce platforms to receive payment from users and customers. The platform offers APIs, SDKs and plugins, making it easy to integrate a website or app. The platform makes it easier to make payments and also get paid
7. Interswitch Webpay
Interswitch takes seventh place among the best payment methods in 2022 even though it offers the most expensive payment service in the World with a set-up fee of N150,000. The platform offers free integration into Webpay and your website enabling funds to be paid into your account
8. 2checkout
2Checkout is a global payment method that accepts payments from across the world in a number of different currencies. They provide a customizable checkout that you can design and add to your website, extensive fraud protection, and a responsive design that ensures customers can easily check out across devices.
9. Amplify
Amplify is a simple payment method that allows websites and e-commerce platforms to accept payments with any coder and programmer involved. The platform is one of the world’s payment gateways in the world that accept payments in over 40 currencies from VISA, MasterCard, Verve, and American Express. Your customers will also be able to pay directly from their bank accounts.
10. Paypal
Paypal is an eCommerce payments platform designed to help people and companies to send and receive payments without providing financial information. It is one of the top-rated payment Methods that allow users to send or receive payments across the globe with just an email address instantly. The platform with over 254 million users operates in 203 countries. It’s currently used by over 17 million businesses and supports widely used credit cards like Visa and Mastercard.