Top Payment Platforms In Nigeria

1. Paystack

Arguably a timely innovation to grace the walls of ecommerce in Africa, especially given the fact that platforms like PayPal were country restrictive.

Includes great features for business owners, and starters, seamless integration to most ecommerce platforms (Shopify, Woo-commerce, etc.) and an overall stunning support team to meddle you out of any hassle you fall into.

2. Selar

Selar gained wide acceptance over existing payment platforms given its creator-friendly feature which allows users list digital products and services like a regular storefronts and accept international payments even without needing a website.

With about 8 supported currencies, selar got down into the mainstream creator mind and pulled out payment digitalization excluding every known problem you could ever think of. I mean they sort out all the technical stuff, you just get your USD or pounds payment in naira within a click.

Selar definitely won the heart of many startup brands, content creators and millennial-minded creatives within Nigeria, by making it quite easier and accessible to showcase your craft, teach a skill, sell an item, put out a service and just earn from it.

They have no existing e-commerce integration capabilities for use with platforms such as Shopify or Woo commerce, but is in itself, a great landing page creator tool to accept payments for creative products, courses and services.

3. Flutterwave

Flutterwave could be regarded in present times as a platform that has transcended to being more than just a payment gateway into honing exclusive features that props the platform up as entirely functional, distinct and secure. Much of an older platform, but one reliant in serving its course for all time.

Similar to Selar, Flutterwave is a great medium for creators and brands and is utilizable for creating payment pages and showcasing product catalogues and services.

All 3 platforms are superbly useful for startups or brands at whatever level to incorporate as reliable tools for different needs to gain similar outcomes of serving both merchants and users.

Our Verdict

Build creator based content and courses –  Selar

Best for Ecommerce store Integration like Shopify & Woo commerce – Paystack

Set up ease – Paystack

Landing page capabilities, product catalogue and listing – All

For added features; card issuing for teams, in person and online sales, POS, etc, – Flutterwave

Transaction fees –

• Flutterwave – 2.9% (local transactions), 3.8% (international transactions)
• Selar – 4% + ₦100 (local transactions), 5 – 10% (international transactions)
• Paystack – 1.5% + ₦100 (local transactions), 3.9% + ₦100 (international transactions)

Tell us what you think.