Competitive Price. Best Value.
Enjoy more benefits while paying below industry rate.
1.5%
Fee is capped at N2000 per transaction.
₦500 Flat rate
1.5%
Fee is capped at N2000 per transaction.
We are offering you the best rates because we have a CBN issued payment switch license - one other fintechs leverage to serve you
₦9,838.75
Cap of 2000 applied
1.5%
Know What You’ll Pay
Use our calculator to know how much Monnify will cost you per card or account transfer transaction. Input an amount to see our charge and how much will be settled into your account.
Common Questions
Our default settlement for transactions done with account transfers is Twice Daily including weekends and public holidays.
For card transactions, settlements occur the Next Day excluding weekends and public holidays.
Yes, you can control the charge bearer to be either the customers or merchants. Monnify offers a very low transaction processing fee. See how much the charge bearer will pay using the price calculator.
Yes, you can initialize transactions with the split payment methods. To do that, you’ll need to create sub-account(s) and specify the percentage of the transaction to split into that subaccount. You can have as many sub accounts necessary. See the documentation on how to use the split payments APIs (link to split payments documentation).
Monnify accepts card payments from Verve, Visa, and Mastercard
Monnify has greatly reduced our transaction costs and helped us activate inactive customers with a more relatable way to top-up.
Monnify is currently solving one of the biggest challenges we had in collecting payments. The innovation has drastically helped us improve our efficiency as a business.
Monnify has helped us identify new opportunities, increased the numbers of transactions and drastically cut down cost
Great product that actually addresses one of the largest payment channels in a unique and innovative way yet simple to use.
As an Africa focused wealth management company, Monnify is enabling more of our customers to save and invest easily through their innovative payment solutions. Their impressive technical support allows us to go to market faster with new investment products.
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