The Best Online Payment Gateways for African Companies

The e-commerce industry in Africa has experienced significant growth in recent years, with more businesses shifting their focus to online sales. One of the essential components of a successful e-commerce strategy is a reliable online payment gateway. A payment gateway is a service that processes credit card transactions and other payment methods online. Here are some of the best online payment gateways for African companies:

VoguePay

Headquarters: Nigeria
Fees: 3.8% + $0.50 per transaction
Services: VoguePay offers a wallet for transaction funds, analytics, and free website extensions.

PayPal

Headquarters: United States
Fees: 2.9% per transaction
Services: PayPal offers payment processing without setup expenses, gateway fees, or monthly charges.

Skrill

Headquarters: United Kingdom
Fees: 1.9% transaction fee
Services: Skrill offers in-app payments, a hosted payment page, and integration with third-party shopping carts.

PayStack

Headquarters: Nigeria
Fees: 1.5% of the transaction value for transactions within Africa and 3.9% for International transactions
Services: Paystack offers payment processing, recurring payments, and transaction analytics.

Flutterwave

Headquarters: Nigeria
Fees: 1.4% processing fee for local payments and 3.5% for international payments
Services: Flutterwave offers payment processing, transaction analytics, and recurring payments.

Yoco

Headquarters: South Africa
Fees: Not specified
Services: Yoco offers portable payment terminals, online payment processing, and transaction analytics.

iKhokha

Headquarters: South Africa
Fees: 2% transaction rate for Instant EFTs and 2.85% for credit and debit card transactions
Services: iKhokha offers online payment processing, portable payment terminals, and transaction analytics.

Payfast

Headquarters: South Africa
Fees: 3.2% per transaction
Services: Payfast offers payment processing, fraud detection, and recurring payments.

Zapper

Headquarters: South Africa
Fees: Not specified
Services: Zapper offers payment processing, customer engagement, and transaction analytics.

SnapScan

Headquarters: South Africa
Fees: Not specified
Services: SnapScan offers payment processing, online and offline payment solutions, and transaction analytics.

When choosing a payment gateway for your African business, consider factors such as transaction fees, payment methods, security, and customer support. It’s also essential to research the gateway’s reputation and read reviews from other customers to ensure you’re making the best decision for your business.

Would you ;like to set up an online store / shop? Get in touch with us! we would be happy to assist you!