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.

 


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