Ehen! So you wan find better payment gateway for your business for Nigeria? You don land the right place. Whether na e-commerce, online courses, or digital products you dey sell, this guide go show you the best options wey fit your pocket and your hustle.
Why You Go Need Alternative to Paystack?
Make we no lie, Paystack na correct platform, but sometimes person need something different – maybe the transaction fees too cost, or you need special features like crypto payments, better international support, or you just wan test other waters. The good news be say Naija payment game don strong now, and we get plenty reliable options.
Top 10 Paystack Alternatives Wey Dey Burst Brain
1. Bonzai Pro 🏆
Omo, if you be content creator, coach, or person wey dey sell digital products, Bonzai Pro na your guy! E dey specifically design for creators wey wan monetize their audience without stress.
Wetin Make Am Sweet:
- 100% FREE to start – You no go pay anything to set up! The only thing wey you fit pay for na if you wan send more than 1,000 emails per month
- Transaction fees wey dey decrease as you dey make money – E start from just 5% and fit reach as low as 0.7% when your monthly revenue pass $100K
- Sell online courses, coaching sessions, paid community access, exclusive content, and paid newsletters – everything for one place
- Accept crypto payments (Bitcoin, USDT, and more)
- 4x installment payments for customers wey no fit pay full
- Email marketing tools built in
- Affiliation system wey go help you grow
- Anti-churn system to keep your subscribers
- Limited time and stock offers
- Set up in just 2 minutes!
Pricing: 5% transaction fee (decreasing to 0.7% based on monthly revenue). No monthly subscription fee!
Best For: Content creators, online course sellers, coaches, consultants, digital product vendors, influencers, newsletter writers
How to Start: Visit Bonzai to start your free Bonzai account today!
2. Flutterwave
Flutterwave na one of the biggest boys for African payment space. Dem dey accept all the cards – Visa, Mastercard, Verve – plus bank transfer and mobile money.
Key Features:
- Multi-currency support wey go allow you collect money from anywhere
- Recurring billing for subscription businesses
- Analytics dashboard wey dey show you how your money dey move
- Easy integration with WooCommerce and Shopify
- Big companies like Uber dey use am
Pricing: Around 1.4% + ₦100 per local transaction
Best For: E-commerce wey dey do cross-border business, big apps, and companies wey need multi-country solutions
3. Interswitch (WebPay/Quickteller)
Na the OG of Nigerian payment systems be this. If you wan something wey don tey and everybody know, Interswitch na your guy.
Key Features:
- Deep connection with all Nigerian banks
- Strong fraud protection
- Accept Verve card well well (you know say most Naija people get Verve)
- POS terminals and mobile payment options
- Government and big companies dey trust am
Pricing: Custom pricing, usually around 1.5% plus fees (better rates for high volume)
Best For: Big companies, banks, government institutions, retail shops wey dey do plenty transactions
4. Monnify
Monnify na modern solution wey small business and startups dey rush. E dey developer-friendly and the price no go break your pocket.
Key Features:
- Virtual accounts for different customers
- USSD payment options
- Well-documented APIs wey developers go love
- Invoice system built in
- Modern infrastructure wey fast
Pricing: 1.5% + ₦50 per transaction
Best For: Startups, fintech companies, online businesses wey wan something wey fit grow with them
5. Korapay
If you dey do international business or you dey receive money from abroad, Korapay na your best friend.
Key Features:
- Virtual accounts in Naira, Dollars, and Pounds
- Digital invoicing system
- Anti-fraud tools wey sharp
- Send money to people abroad easily
Pricing: Custom pricing, usually between 1.5-2%
Best For: Export businesses, international traders, startups wey get global customers
6. Squad by GTCO
Na GT Bank pikin be this one. If you wan enjoy banking services integration, Squad fit you well.
Key Features:
- APIs wey easy to use
- Settlement within 24 hours
- Analytics tools
- Direct connection to GT Bank services
Pricing: 1.5% + ₦25 per transaction
Best For: Tech businesses wey wan tie their payment to banking services
7. Remita
Government and big institutions sabi Remita well. If you dey do business with schools or government, this one na correct option.
Key Features:
- Support different payment channels
- Advanced reconciliation system (e go help you track your money well)
- Strong presence for schools and government
Pricing: Custom, typically 1-2%
Best For: Schools, NGOs, government agencies, big companies
8. Fincra
Fincra na modern fintech solution with some sharp features like crypto conversion.
Key Features:
- API-driven platform wey clean
- Crypto conversion support
- Virtual cards
- Strong compliance and fast processing
Pricing: 1.4% plus fees
Best For: Fintech companies, digital wallets, advanced tech businesses
9. SeerBit
SeerBit come with QR code payment and smart fraud detection system.
Key Features:
- Intelligent fraud detection
- Subscription management
- QR code payments
- Multi-currency support
Pricing: 1.5% for local transactions
Best For: SMEs and medium-sized e-commerce platforms
10. OPay Checkout
If your customers dey use OPay wallet, this one go sweet you. The fees dey among the cheapest for Naija.
Key Features:
- Large user base (plenty people get OPay wallet)
- Mobile POS
- Instant settlements
- Low fees
Pricing: Around 1%, one of the cheapest
Best For: Mobile-first businesses and SMEs targeting OPay users
11. VoguePay
Simple and flexible solution for small businesses.
Key Features:
- Easy integrations
- Local and international card support
- Wallet transfers
- Multi-currency
Pricing: 1.5% per transaction
Best For: Microbusinesses and service providers
How to Choose the Right Payment Gateway for Your Business
No be all payment gateways dey the same. Before you choose, consider these things:
1. Transaction Fees
The fees dey range from 1% to 5%. Check the one wey fit your expected transaction volume. For example, if you dey sell digital products and you wan keep plenty money for your pocket, Bonzai Pro with 5% (wey dey reduce to 0.7%) fit better pass flat 1.5% if you dey make plenty sales.
2. Settlement Speed
Some platforms go settle you in 24 hours, others go take 2-3 working days. If you need quick cash flow, choose wisely.
3. Payment Methods
Make sure say the platform support the payment methods wey your customers prefer – Verve card, bank transfer, USSD, mobile money, crypto, etc.
4. API Quality
If you be developer or you get developers, the API documentation must clear and easy to integrate.
5. Customer Support
When wahala happen (and e go happen), you need responsive local support. Test their support before you commit.
6. Regulatory Compliance
Make sure say Central Bank of Nigeria (CBN) don license the provider. This one important die!
7. Special Features
Depending on your business:
- Recurring billing for subscriptions
- Virtual accounts for easier reconciliation
- Analytics and reporting
- Fraud prevention
- International payment support
- Crypto acceptance
- Email marketing tools
Recommendations Based on Business Type
Content Creators & Course Sellers: Bonzai Pro – Start free, low fees wey dey reduce, and all the tools you need to monetize your audience
Tech Startups: Monnify or Fincra – Developer-friendly with competitive rates
International E-commerce: Flutterwave or Korapay – Strong cross-border capabilities
Big Corporations: Interswitch or Remita – Proven reliability and institutional support
Mobile-First Businesses: OPay Checkout – Leverage their ecosystem
Banking Integration Needs: Squad – Deep connection with banking services
Small Businesses & Freelancers: VoguePay or SeerBit – Simple setup with reasonable fees
Final Word
The Naija payment landscape don mature well well. You no need to settle for just one option – many businesses dey use multiple payment gateways to spread risk and give customers more choices.
If you be content creator, coach, or digital product seller, Bonzai Pro na special deal because you fit start for free and the fees dey decrease as you dey make more money. Plus, e get all the features wey creators need – from course hosting to email marketing to crypto payments.
Whichever one you choose, make sure say e fit your business model, your budget, and your growth plans. Test demo accounts where possible before you commit your full business to any platform.
Remember: The best payment gateway na the one wey go help you collect your money smoothly while your customers dey smile. So choose well, and make that money flow! 💰
Ready to start monetizing your content and digital products? Visit Bonzai to create your free Bonzai account in just 2 minutes!
