PayCly Blog

Best Payment Gateway Providers in Nigeria

PayCly is one of the best payment gateway providers in Nigeria. A payment gateway is a mechanism that facilitates payment transactions by transferring payment information between the payment portal (provided by the merchant) and the acquiring bank. The payment information (card details, bank transfer details, etc.) is encrypted and tokenized before sending in order to secure the transaction.

Need for a Payment Gateway in Nigeria

Nigeria has the largest GDP in Africa, standing at $514.05 billion in 2021. The International Trade Administration (ITA) predicts that by 2025, Nigerian e-commerce will generate $75 billion in annual profits. Furthermore, with more than 220 million inhabitants, Nigeria is the most populous country in Africa and the sixth most populated in the world. In Nigeria, about 77 million people used the internet for shopping in 2021, indicating that 37% of Nigerians do their shopping online.

A payment gateway is essential for merchants selling goods and services online to accept payment. Nowadays, most people prefer to shop online because it allows for price comparison and gives you the best offers and home delivery of goods and services. Also, online shopping saves a lot of time in this chaos of life.

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Types of Payment Gateways

An International Payment gateways are classified into three categories, and PayCly offers you all of them, these are below mentioned:

How Does a Payment Gateway Work?

For easy understanding, we provide a shortened illumination of the procedure.

PayCly is the Best Payment Gateway Providers in Nigeria

There are many payment gateway providers in Nigeria, including renowned names like Paystack, Vogue Pay, Pay U, Simple Pay, Paypal, 2Checkout, etc. Despite this, each of them has some major flaws. These payment gateways are pricey, and some of them don't offer ready-to-use plug-ins for immediate integration or other payment methods. Similarly, others demand that you sign a binding agreement that will last a long time, and almost all do not support unregulated sectors.

PayCly, on the other hand, is a solution that every merchant needs because of its extensive support in every possible mode. PayCly is one of Nigeria's top payment gateway providers because it considers its merchants more like counterparts than clients. We've highlighted several PayCly's features in the illustration below:


We know that Nigeria has the highest GDP in Africa, as well as the largest market in the Mother Continent. The ecommerce market is growing rapidly in Nigeria, and ITA predicts that the market will hit $75 billion by 2025. With increasing opportunities, merchants also tend to start online businesses. It's always a requirement for online payment acceptance in online businesses. A payment gateway fulfils this requirement, as we discussed in this blog. We suggest you choose a payment gateway that meets all your payment-related requirements. After extensive research on several payment gateways, we can say that only PayCly is the one solution you can go with, as it provides you with the best payment gateway in Nigeria according to the need of the Nigerian market. For further info, contact info@paycly.com.

Frequently Asked Questions (FAQ)

Who Offers the Best High-Risk Merchant Accounts in Nigeria?

None other than PayCly, your most reliable partner. PayCly is the leading PSP for high-risk merchant accounts in Nigeria. We offer a higher level of payment security with reasonable costs, simple integration, various payment options, and round-the-clock support.

Is PayCly's service available outside of Nigeria?

Even though we work on all seven continents, we are the most trustworthy PSP on the Mother Continent. All African nations, including Nigeria, Egypt, South Africa, Algeria, Morocco, Kenya, Ethiopia, Ghana, etc., are served by our services.

How is a Merchant Account Different from a Payment Gateway?

A merchant account functions similarly to a bank account in that it accepts money from card or online payments and holds it until transferred to your chosen business bank account. When a customer makes a purchase, a payment gateway connects your merchant account and the customer's bank, enabling the transfer of payments from the customer's bank into your merchant account (and ultimately to your company's bank account). PayCly offers you both payment gateways as well as merchant accounts.

Which Industry PayCly Supports?

Almost every, PayCly supports almost every industry that exists. We provide merchant accounts as well as payment gateways to every online business. These are some industries we have extensive experience: