The options, honestly compared.
PAYSTACK
Widely used in Nigeria. Supports Nigerian cards, bank transfer and USSD. Settles to Nigerian bank accounts. Maintained plugins for the major platforms.
FLUTTERWAVE
Similar coverage, with broader African reach. Supports cards, bank transfer, USSD and mobile money. Settles to Nigerian accounts.
STRIPE
Excellent for businesses selling internationally, and it does not currently onboard Nigerian-registered businesses directly.
It is used by Nigerian founders operating through a foreign entity, or by businesses whose customers are overseas. If your customers are in Nigeria and your business is registered here, Paystack or Flutterwave are the practical choices.
CHOOSING
For a domestic Nigerian business: Paystack or Flutterwave. Either works well.
For a business selling mainly to overseas customers, with an appropriate corporate structure: Stripe is worth considering.
WHAT TO COMPARE
Fees, both percentage and fixed Settlement time to your bank Which payment methods your customers actually use Plugin support for your platform
THE PRACTICAL ADVICE
One online gateway plus bank transfer covers almost every Nigerian customer.
