Nigeria is expeirencing some form of e-commerce revolution following the availability of e-payment gateways enabling easy integration of online payment systems on websites. It has now become easy to receive payments through credit cards and direct deposits. There are some options available for this with great features and limitations.In this blog, we will examine the major payment gateways in Nigeria with which you can recieve payments on your website.

InterSwitch

Interswitch remains the largest and most stable gateway for receiving e-payments. Interswitch
Interswitch has a secure, reliable, and scalable platform for electronic transaction processing in a multi-institution, multi-functional, Online/Offline environment. Interswitch supports payment infrastructure that deliver the highest level of availability and transaction integrity. Our systems accept transactions from a diverse range of delivery payment channels, intelligently switching them to a variety of external networks including Nigerian Verve cards, VISA, Mastercard.

Unified Payment System

A creation of Nigerian banks, the Unified Payment System can be easily integrated into your website with integration tools for WHMCS, Joomla, WordPress and a lot of others.

Website: http://unifiedpaymentsnigeria.com/

eTranzact
eTranzact is a multi-application, multi-network and multi-channel electronic payment platform that supports all major networks including AMEX, VISA and MasterCard. eTranzact Platform is designed and built as a credible alternative to all transaction which are currently cash or check based and the platform capability is such that any solution that is driven by consumer payment can be automated on the platform. eTranzact as a Switch processes payment requests from multiple channels – Web, ATM,POS, mobile, etc using automated procedures. The switching platform validates transaction requests after running security checks on the payment cards. The system ensures there are no security breaches during the transaction processing by encrpting all card information using tripleDES technology, thus protecting the card information.

SimplePay
SimplePay Payment Gateway allows any business or consumer with an email address to securely, conveniently and cost-effectively send and receive payments online. Simplepay builds on the existing financial infrastructure of bank accounts and credit cards to create a global, real-time payment solution. Simplepay deliver a product ideally suited for small businesses, online merchants, individuals and others currently underserved by traditional payment mechanisms.
• Simple Pay’s service, which lets users send payments for free, can be used from PCs or web-enabled mobile phones.
• SimplePay launched this service so that anyone with an email account can send or receive credits. Each credit is valued at N1.00. SimplePay Payment Gateway members may redeem their credits for the cash equivalency at any time by selling these credits back to SimplePay Payment Gateway, in the form of a withdrawal from the system.
• You can believe there should be one universal online payment system and will strongly compete to be the provider of choice.
• SimplePay Payment Gateway will however suspend any account that is found to be involved in any fraudulent or malicious activity, including impersonating a representative or attempting to gain other users passwords. Any decision made by, its officers, or representatives will be final.

CashEnvoy
CashEnvoy is the safest, easiest and most convenient way to make payment, send money and get paid online in Nigeria. It is an e-commerce business that allows payments and money transfers to be made through the Internet. A Cash Envoy account can be funded with Nigerian debit cards or through online bank transfer from specific local banks.
CashEnvoy performs payment processing for online vendors, auction sites, and other commercial users. It charges a transaction fee for receiving money (a percentage of the amount sent plus an additional fixed amount).
CashEnvoy is owned by Electronic Settlement Limited, an independent, private sector led, limited liability Company located in Lagos Nigeria focused on providing secure and convenient online solutions.
• Merchants, receive Money Online
• Easily pay and settle other merchants on your platform.
• No integration, withdrawal or subscription fees!
• Easy to use, with complete transaction records.
• Receive payment and donations online with ease.
• Accept payment on your online store from debit cards and CashEnvoy account holders.

Website: cashenvoy.com

UBA U-Collect
The UBA U-Collect is an Internet Payment Gateway service which allows Merchants accept online payments for goods and services. This solution accepts multiple card types available in Nigeria – VISA, Verve, MasterCard and e-Tranzact.
• U-Collect on the web is the same as POS but on the web for businesses that have presence online. An example of U-Collect is what you see on Aero page when you select to pay for airline ticket online.
• The platform support International VISA and MasterCard for selected industries.
GlobalPay is a web-based payment gateway that enables you accept payments on your website from customers all over the world. With a one-time integration, you can receive payments from a wide variety of locally and internationally issued credit and debit cards. This solution gives your business a global outlook and vastly expands your potential customer base.
If you’re open for business on the web, you might as well be open for business to the world, and for that, GlobalPay is the perfect solution.

Voguepay

Voguepay is an independent payment system and has been relatively stable. Voguepay is an Interswitch merchant and recives payment through VISA, MasterCard, e-Transact, PocketMoney. Voguepay requires a verification fee of N1,000 for business accounts. Voguepay allows customers to accept payment on their website. The system support automatic withdrawal to the merchant bank account, unlike most payment processors that merchant has to manually request for withdrawal.
• Easy integration work flow and documentation
They have developed Plugin, merchant can just download and install to their existing website for selected shopping carts. This minimizes the stress and energy of having to integrate the gateway to your website. Sites without a readymade plugin or code, the company has an integration document you can use for custom integration with your website.

Website: voguepay.com

GTPAY
GTPAY is a one-stop, safe, secure and convenient web payment solution that enables merchants receive payments from both local and international payment cards.
FEATURES
• International Acceptance: GTPAY accepts both locally and internationally issued cards including Interswitch, MasterCard and VISA.
• Timely transaction processing: Merchants get value next day after transaction takes place.
• GTPAY monitoring log: GTPAY comes with a unique, online monitoring console that allows merchants view transactions as they occur.
• Reduced sign-on fee: GTBank is a certified developer partner so we take on GTPAY integration for our merchants and as such the integration fee is waived for them. WEBSITE: http://www.gtbank.com/

Source: https://www.todhost.com/blog/top-nigerian-website-payment-gateways.html

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