Internet Payment Gateway
What does it offer you:
- Quick integration of payment acceptance on your website (about a week).
- Reduced integration costs, a single integration to the bank’s system provides access to various cards and mobile money acceptance.
- Easy order management through notifications (payer and merchant) as well as Merchant transaction monitor portal.
- Customisable look and feel to match merchant website theme.
- Automated self-service merchant website integration tool.
- Secure payment system infrastructure.
When do you receive funds for payments:
- Order fulfillment process commences immediately a transaction's ”success” status is received by your website.
- Payments from all local-issued cards are settled to your account at Transaction date(T) +1day.
- Payments from all International-issued cards are settled to your account at Transaction date(T) +4day(s).
How much it will cost you:
To Process Transactions
- There is no processing cost to the payer (card holder). All processing costs are borne by you
- Transaction processing cost for local-issued cards is 1.5% of transaction value up to a maximum cost of N2 000
- Transaction processing cost for International-issued cards is 4% of transaction value
To Set-Up Your Website
Setup fees are waived for Non-Governmental Organisations, Religious Organisations as well as Schools
Premium: A one-off payment of N50 000(Fifty Thousand Naira) with transaction commission of 1.5%(for locally issued cards) is payable by merchants who choose this category.
Standard: A one-off payment of N30 000(Thirty Thousand Naira) with a transaction commission of 3% (for locally issued cards) is payable by merchants who choose this category.
Basic Category: No setup fee payment applies, a transaction commission of 5% (for locally issued cards) is payable by merchants who choose this category.