Online payment gateways allow merchant to accept payments via their websites, and with the increase in demand for easy online purchases and fast delivery by consumers; so many merchants have sprung up to solve this issue in their unique ways. This is one of the reasons why we have a lot of online payment gateways across the country to choose from.

The list of online payment gateways is quite long. I can say this because I have used a couple of them over the course of several years for different projects I have worked on. For this article, I am going to share my Favourite / top 5 online payment gateways with you. Favourite, because I’ve used them and they have performed better than the rest. My list is based on a few technical and important factors like; pricing, security, setup, local and international payments, cryptocurrency, and many more.

Here are my top 5 online payment gateways in Nigeria in no particular order

  • Paystack
  • Rave by Flutterwave
  • PayU
  • VoguePay
  • Interswitch Webpay




Paystack is one of the common payment gateways, and it is easy and free to setup. Paystack allows for debit and credit card payment. They also allow you to receive local and international payments online. You don’t need to know how to write codes in order to integrate Paystack into your website. And their dashboard makes it easy to monitor your transactions and make withdrawals. So if you are looking for a free and seamless online payment gateway, Paystack may just me the right gateway for you.


Setup Fee: Free

Local Transactions: 1.5% + ₦100 (The ₦100 fee is waived for transactions less than ₦2500)

International Transactions: 3.9% + ₦100


Rave by Flutterwave

Rave is a product of Flutterwave. Rave allows customers receive local and international payments easily with no setup fee. Visa, MasterCard and Verve cards are supported. Also, if as a merchant your business needs to directly debit your customers account; then rave is for you because it allows you to charge bank accounts and cards directly.


Setup Fee: Free

Local Transactions: 1.4%

International Transactions: 3.8%



PayU allows you to expand your business reach by accepting both local and international debit and credit cards. PayU also allows you to customize your payment page in order to maintain consistency. PayU rolls out settlements weekly and it comes with added security (PCI DSS SSL and 3D secure) if that’s what you will be needing.


Setup & Support Fees: Free

Payment Processing: Not specified



VoguePay has attained a global coverage that now allows merchants and consumers make or receive payments, regardless of location. This means that VoguePay allows local and international payments. Here is something interesting; you can also use VoguePay to buy bitcoins in Paxful.

VoguePay is easy and straight forward to setup. With their plugin libraries and extensions you do not need coding knowledge to set it up. You can also accept payment in multiple global currencies and get paid in your default currency.


Integration: Free (fees may apply for customization)

Merchant Verification: ₦ 1,500 (with CAC) and ₦ 2,500 (with Govt. issued ID cards)

Local Transactions (Naira Cards): 1.5% Transactions above ₦2,500 1.5% + ₦30.


Interswitch WebPay

WebPay is powered by Interswitch, a trusted name in online payments. WebPay integrates directly into your website and enables funds to be paid into your account. And every web merchant can receive local and international online payment from cardholders via Interswitch WebPay or Webpaydirect.


Setup fee: N150,000

There is a one-time integration fee of N150,000 and for every subsequent successful transaction, a fee of 1.5% of the value of the transaction subject to a cap of N2,000 is charged. (i.e. for transactions below N133,333, a fee of 1.5% applies), and N2,000 flat fee (for transactions above N133,333).


If you are a big time merchant, I’ll definitely recommend Interswitch. However if you are just starting out, you may want a more pocket friendly option.

Contact us to get more information on how you can get a brand new dynamic website for your business, product, or service.


Obinna Okpala

CEO DropArena Global Limited

+234 9015287784