Payment Gateways for Nigerian Developers: Interswitch, Paystack, Flutterwave or Monnify?
Choosing a payment gateway for a Nigerian project goes beyond transaction fees. Developers should compare settlement speed, payment channels, integration quality and support for local or international customers. Interswitch IPG charges 1.5% for local payments, capped at ₦2,000, and supports cards, transfers, USSD, QR payments, wallets and more. It offers T+1 settlement and dollar settlement for eligible international card payments. Paystack offers next-day settlement, developer-friendly documentation and payment links. Flutterwave may suit businesses handling pan-African or multi-currency payments. Monnify is useful for transfer-heavy products, with dedicated virtual accounts, automated reconciliation and same-day settlement options. Before deciding, test the sandbox, webhook reliability, server-side verification flow and settlement schedule. Your best option will depend on whether customers mostly pay by local cards, bank transfer or international cards. What gateway has worked best for your project?
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