Nigerian Naira (NGN)
Published processing fees and market availability for the Nigerian Naira (NGN) across 12 gateways, bank acquirers, and payment rails serving Nigeria. Always confirm current rates on the provider's official pricing page.
Regional context & bank acquiring rules: Africa payments guide · All Africa currencies
Who serves this currency
All 12 gateways, bank acquirers and wallets serving NGN markets, including providers with published NGN fee schedules (4) and custom/quote-only processors (8).
Card gateways & processors
| Provider & market notes | Fee schedule |
|---|---|
| AdyenEnterprise processor (Uber, Spotify, eBay). Interchange++ from roughly 0.6% + fixed per transaction plus scheme fees, custom contract pricing only. | Worldwide |
| Checkout.comEnterprise processor strong in EMEA/LatAm; interchange++ blended rates negotiated per merchant. | Worldwide |
| PayURegional availability, ask for a quote. | Serves this market |
| EBANXCross-border processor for LatAm, Africa and India with 100+ local methods (Pix, boleto, OXXO). Custom pricing; third-party reviews cite ~2.7% + $0.30 (2021 figure, verify). | Serves this market |
| Network InternationalLargest acquirer in the Middle East & Africa (parent of DPO Group and PayFast). Custom merchant acquiring and N-Genius online gateway rates. | Serves this market |
| PaystackLocal channels 1.5% + ₦100 capped at ₦2,000 (flat waived under ₦2,500). International ~3.8%. | Published fees |
| FlutterwaveNaira local cards/transfers 1.4% capped at ₦2,000; international 3.8%. | Published fees |
| DPO Group (by Network)Regional availability, ask for a quote. | Serves this market |
| Monnify (Moniepoint)Nigeria cards & dynamic bank account transfers 1.5% capped at ₦2,000 (no flat ₦100 fee). | Published fees |
| Squad (by GTCO)GTCO fintech: virtual account transfers 0.25%–1.0% (capped ₦1,000–₦1,500), cards ~1.2%–1.9% capped at ₦1,500. | Published fees |
Wallets & other payment rails
| Provider & market notes | Fee schedule |
|---|---|
| PayPalAvailable to merchants in 190+ countries; receiving capability varies by country. Cross-border fees are higher than domestic. | Worldwide |
| Payoneer Profile →Cross-border receiving platform: local receiving accounts, marketplace payouts and client payment requests in 190+ countries. Not a card checkout gateway. See our full Payoneer profile for the fee breakdown. | Worldwide |
Compare gateways for an amount
This comparison only shows fees we can publicly verify (4 of 12 providers serving NGN). Processors and bank acquirers that quote custom or merchant-specific rates are listed under Who serves this currency above.
Enter an amount to compare verified NGN rates.
Disclaimer: Comparisons only include publicly verifiable standard rates as of November 6, 2026 and exclude custom-quoted gateways, bank MIDs, monthly plan fees and local taxes unless noted. See all 12 providers serving NGN.
Card gateway fees
Fee tables only show rates we can publicly verify from official provider schedules (8 additional providers serve NGN with custom or quote-only pricing—see all 12 providers above). We never invent figures for custom-quoted processors or bank acquirers. Figures are for comparison only; always confirm your exact rate on the provider's site.
| Provider | Local rate | Fixed fee | Fee cap | Intl. cards |
|---|---|---|---|---|
| PaystackLocal channels 1.5% + ₦100 capped at ₦2,000 (flat waived under ₦2,500). International ~3.8%. | 1.5%+2.3% international cards | NGN 100.00 | NGN 2,000.00 | +2.3% |
| FlutterwaveNaira local cards/transfers 1.4% capped at ₦2,000; international 3.8%. | 1.4%+2.4% international cards | NGN 0.00 | NGN 2,000.00 | +2.4% |
| Monnify (Moniepoint)Nigeria cards & dynamic bank account transfers 1.5% capped at ₦2,000 (no flat ₦100 fee). | 1.5% | NGN 0.00 | NGN 2,000.00 | Same rate |
| Squad (by GTCO)GTCO fintech: virtual account transfers 0.25%–1.0% (capped ₦1,000–₦1,500), cards ~1.2%–1.9% capped at ₦1,500. | 1.2% | NGN 0.00 | NGN 1,500.00 | Same rate |
Monthly, plan & setup fees (NGN)
7 of 12 offer $0/mo base plans% + fixed fee) and are not included in calculator estimates above. Always verify current plan tiers on the provider's official pricing page.
Card gateways & bank acquirers — Monthly & setup fees
| Provider & plan notes | Plan structure | Base monthly fee | Setup fee |
|---|---|---|---|
| AdyenNo fixed monthly fee, but enterprise minimum monthly invoice typically applies | Bank MID / custom | $0/mo (min. volume applies) | $0 |
| Checkout.comNegotiated interchange++ schedule for high-volume merchants | Bank MID / custom | Custom enterprise contract | Custom |
| PayUPay-as-you-go standard merchant account; pay only per transaction processed | No monthly fee | $0/mo | $0 |
| EBANXEnterprise cross-border & local rail processing contract | Bank MID / custom | Custom enterprise contract | Custom |
| Network InternationalDirect merchant acquiring packages across UAE, Jordan, Egypt & Africa | Bank MID / custom | Custom / bank plan | Varies by plan |
| PaystackPay-as-you-go standard merchant account; pay only per transaction processed | No monthly fee | $0/mo | $0 |
| FlutterwavePay-as-you-go standard merchant account; pay only per transaction processed | No monthly fee | $0/mo | $0 |
| DPO Group (by Network)Standard aggregator plan or custom pan-African enterprise schedule | Bank MID / custom | $0–custom/mo | Varies by country |
| Monnify (Moniepoint)Pay-as-you-go standard merchant account; pay only per transaction processed | No monthly fee | $0/mo | $0 |
| Squad (by GTCO)Pay-as-you-go standard merchant account; pay only per transaction processed | No monthly fee | $0/mo | $0 |
Wallets & other payment rails — Monthly & setup fees
Nigerian Naira (NGN) payment gateway FAQs
Which payment gateways and processors serve Nigeria (NGN)?
Sympli5 tracks 12 payment gateways, bank acquirers, and payment rails serving Nigeria (Nigerian Naira, NGN), including PayPal, Adyen, Checkout.com, PayU, EBANX, Network International and 6 others. Of these, 4 publish verifiable standard NGN per-transaction schedules and 8 operate on custom, quote-only, or bank Merchant ID (MID) pricing.
What are the lowest published payment processing fees in Nigerian Naira (NGN)?
Among the 4 providers with publicly verified NGN schedules, the lowest headline variable rate starts at 1.2% + NGN 0.00 (capped at NGN 1,500.00) via Squad (by GTCO). Your lowest effective cost depends on your average order value, card mix, and whether a fee cap applies—use the interactive NGN calculator on this page to compare exact net payouts.
Do NGN payment gateways charge monthly or setup fees?
Of the 12 providers serving NGN markets, 7 offer a $0/month base pay-as-you-go plan with $0 setup fees. The remaining 5 providers either require a monthly gateway plan or operate through a bank Merchant ID (MID) with bank-quoted monthly maintenance and setup fees. Monthly and setup costs are charged separately from per-transaction processing rates.
What does the international card surcharge mean for NGN transactions?
An international (foreign-issued) card fee applies when a customer pays your business in NGN using a Visa, Mastercard, or Amex issued by a bank outside your local merchant country—such as a foreign tourist or overseas buyer. In NGN, providers like Paystack (+2.3%), Flutterwave (+2.4%) add an explicit cross-border card surcharge on top of their domestic rate.