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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…

Read my post on the best stock trading apps in Nigeria

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.

Read my Kuda bank review


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.

Read all about the Moniepoint POS


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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Naabiae Nenu-B is a Medical Health Student and an SEO Specialist dedicated to flushing the web off fake news and scam scandals. He aims at being "Africa's Best Leak and Review Blogger" and that's the unwavering stand of Xycinews Media.

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Want To Boost Your Business in Dubai Easily Online!



This is the time of smartphones and computers. No matter where you look at, you would see a person scrolling away on the internet. Every person is connected to the internet in some way or another. This is a great way to keep in touch with all the latest services available on the internet. So, are you thinking of starting a new business firm or company? If yes, then do not forget to take advantage of the internet services of the present time and bring it to the use of your business. You can use it as a great opportunity to let people know about your services. You can also hire guest blogging services Dubai to spread information about the services and products which you offer. 

How do they help you?

Guest posting is a great way to make many people aware of your brand and the services you provide as a customer. There are many websites and web pages on the internet which are filled with information. All these web pages are filled with a lot of information. If you want, you can use this service and get the content about your own business and brand posted on other people’s websites. This will help you gain a lot more exposure than you might get otherwise. 

  • Increase brand awareness: There are several companies and brands on the internet. In this time of competition, it might be possible for your company not to get the attention required to gain exposure. But if you post content about your brand on various websites instead of only when the percentage of the people who will look at the content and read it will increase. 
  • Gain better perspective: When more minds work on a single topic, it is dealt with various perfectives, and more information can be concluded. You can take advantage of the rankings of various search engines and get the help of prominent websites which will post your content over their platform. 
  • Enhance social media following: When more and more people will learn about the existence of your business and the services you offer, then they will head over to your social media platforms as well. They might even follow you, and in this way, they will get updated about every new change you go through and all other important notifications.

What are the benefits of hiring a social media management company for your business? 

There are many benefits of hiring a social media management company for your business; they will help you get an official website to act as a bridge between you and your prospective customers. You can also share about your business and your origins in a better way. You can provide your contact details such as email address using which your customers and clients would contact you.

So, from the above information, you can understand the importance of hiring a social media management company and guest posting services. Go ahead online and find the best services with leadsouq


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The future of online gaming



In the past few decades, the gaming industry has adapted and evolved in unprecedented ways. Prior to the internet, gaming was associated with board games like Monopoly and role-playing games such as Dungeons and Dragons.

When people did consider interactive games, they were likely thinking of the earliest 8-bit video game consoles, the must have items before the PlayStation launched in the 1990’s. It was during this period that internet enabled gaming started taking shape, but it wasn’t until the 2000’s that it fully exploded in popularity, this was when Stream was introduced.

In 2003, the digital store Steam is launched, allowing gamers to purchase new games online, while a year later, the massively popular multiplayer game World of Warcraft is released. With over ten million subscribers, it helped bring online gaming into the mainstream – and the industry has only gotten bigger from there.

Now, more than a billion people regularly play games online, either via consoles on their best television screens which provide the best experience or smartphone devices. The online gaming industry is worth a whopping $152 billion as of 2019. This is only expected to grow further, so here’s a glimpse at the future of online gaming.

The advancement of technology

One of the reasons for this major market shift is due to the rise in games available for smartphones. The shift began in 2007, with the industry putting more focus on it in 2009, when Apple announced the option for in-app purchase features for iPhone apps.

Statistics earlier this year showed that more than three billion people worldwide currently own smartphones, with gaming moving increasingly online to accommodate this. This was most evident back in 2016, with the unexpected popularity of augmented reality game Pokémon Go.

It may now be five years since that game broke records, but experts still believe that the gaming industry is heading in the direction of that cultural sensation. Instead of VR, it’s widely believed that augmented gaming is the natural evolution of gaming – and with the vast majority of people already owning smartphones, the shift is ready to be made.

However, the industry is still approaching a bigger problem. With more games vying for attention at the click of a button, the competitive marketplace means it’s now a lot harder than ever for companies to make money.

How the industry can attract the attention of gamers

Woman in Pink Long Sleeve Shirt Holding Silver Laptop Computer

For the multi-billion-dollar industry to keep prospering, it has to look towards another sector that is doing booming business: E-Sports and online casinos. These industries have risen in popularity due to the rise of smartphone apps, which aim to recreate the experience of being in a live betting shop or casino.

However, the central reason the number of users is growing at online gambling sites is due to a wealth of promotions designed to attract new players. For example, at 888poker you’ll find a free to play version, but with additional promotional incentives enticing you to play a higher stakes game.

The interactive aspect, and the cutting-edge graphics, make playing at 888poker feel very similar to visiting a casino itself. This promotional, “try before you buy” approach should become a standard for the wider gaming industry, not just the online gambling sector.

The idea of “free to play” games isn’t a new one. Gaming sensations such as Fortnite and Star Wars: The Old Republic are all considered “Freemium” games as they are all free to play – but bonus features come at an extra cost.

But to see how the industry can profit, you have to go back in time to the early days of “Shareware”. Here, developers would offer a free demo of the game, to entice the player into hopefully paying to finish it.

This method isn’t as popular as it used to be. In recent years, developers are more likely to offer free games filled with ads, with an ad free version only available to paying subscribers.

However, as the online casino industry shows, this approach clearly works at converting free players into paying subscribers. In a crowded marketplace, don’t rule out this method becoming commonplace once again.

The next generation of online gaming

Man Wearing White Virtual Reality Goggles

It looks like VR will be nothing more than a passing fad, due to the expensive nature of the technology, and the fact gamers want social interaction while playing. So, with that ruled out, where is the industry likely to go next?

Mixed reality games, the evolution from augmented reality sensations like Pokémon Go, seem to be the next big thing. Combining virtual and augmented reality technology, these games would be cutting edge – but crucially, would be available for mass market consumption when released on smartphones.

Experts are also predicting that artificial intelligence will play a major role in the future of gaming. And this isn’t just in the games themselves, but in the way they are developed and made.

It is believed that the technology can help reduce development time, with the possibility it may even be able to generate new content (i.e.: new levels) based on existing ones. This has the potential to be groundbreaking when it comes to keeping gamers invested in classic games.

Following the lead from live casino games could also see more interactive multi-player options get added to various online games. And then there are the developers themselves – could pre-existing social media companies start developing games of their own, to keep users on the site?

The possibilities for the next generation of gaming are endless. Just don’t expect the shift to VR that everybody is predicting – the revolution will be taking place on your phone.


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How to create an activity trail for your school



Want to transform your tired schoolyard into a play haven?

With the school holidays approaching, now is the perfect time to start looking at new school playground equipment and asking your pupils what apparatus they’d like to see, come September.

Whilst you could choose a challenging climbing frame with a slide to whizz down, more and more primary schools are opting for adventure trails. Perhaps you could do the same?

These trails can be tailored to suit your exact specifications and allow pupils to practice a broad range of skills. For example, Early Years Foundation Stage (EYFS) can develop low-level balancing and coordination skills whilst Key Stages 1 and 2 can challenge their physical and mental strength with climbing activities.

In this article, you can get some pointers on how to create a fun-filled activity trail for your school children.

Four factors to think about when designing an activity trail

  1. Space

Though trails can be linear in shape, they are great for joining irregular spaces in the playground. That means, if you have any unused spaces, you can transform them with exciting new school playground equipment.

How much available space you have can also determine what type of components your trail consists of, which leads us on to the next point.

  • Activities

From balancing beams and stepping logs to scrambling nets, rope bridges, monkey bars, climbing walls, and tunnels, you can make your activity trail as challenging as you like.

Of course, you want to encourage youngsters to set themselves targets – but you need to be realistic, so keep in mind their ages and abilities to ensure they can use the activity trail safely.

When investing in any new playground apparatus, you need to think carefully about how much you can afford to spend.

It’s worth arranging a meeting with the board of governors to explain your ideas and to explore your fundraising options. Alternatively, you may consider applying for a grant.

  • Safety surfacing

Although it’s perfectly possible to install an adventure trail directly onto grass, it’s advised that you opt for some type of safety surfacing – i.e. rubber mulch, synthetic grass, rubber bark, mats, or matting.

In doing so, you can relax knowing that your students can play safely in wet weather, without the play area becoming flooded or waterlogged.

Seek expert advice

By far the best thing you can do when investing in new play equipment for your school – be it a single unit or an activity trail – is to arrange a consultation with playground specialists, like Setter Play.

They have been designing, manufacturing and installing playground equipment for schools in Bedfordshire and the surrounding area for more than 20 years, and consider no job too big or too small.

During the consultation, you can share your initial ideas with their design team, and they will create a plan – taking into consideration you and your pupils’ requests. They can even offer tips and recommendations in this appointment to ensure that you create the most exciting activity trail for your students.

So, why not get in touch with them today?


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