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Which Online Payment System To Choose For Our Website?

Soon we will launch a powerfull online trading place. We are still doing research about online payment services in Nigeria. We are a little bit confused now. Who can help us out: which online payment system is the most reliable and has the biggest market share? Is it payboss? Is it etranzact? Is it egold? Is it interswitch? Is etranzact really getting as big as the owner has promised? Please update us! Thanks in advance.

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31 answers

Hello members! Just with a thought that it may be helpful for you. There is online payment systems directory with 200+ profiles for various payment systems and methods, comments from happy and not so much customers and other related info. http://www.onlinepaysystems.info

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Just wait for some weeks from now.CBN is actively licensing mobile providers in Nigeria which will cover mobile payments,online payments, mobile remittances and host of other services.

API will be readily available and anybody and anywhere in Nigeria can pay you for your services.The payment either goes into your Bank account if you prefer or remains on your phone and you only need to visit an agent to cash it out or spend it ,pay for goods / services or send to someone else across Nigeria.

Works on all phones.Same as MPESA in Kenya.Just wait for few more weeks,I assure you.

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Have you tried alertpay?

click here to register! it is free!

https://www.alertpay.com/?fGt2LNBEjZ0DhGdgF66I5Q%3d%3d

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Does it mean there is No tangible Solution to this great bottle neck? Story upon story! I want to see dollars and pounds coming through my GTBank MasterCard or Zenith Bank Visa Card. Nigerians are not yet ripe to make website rich! We need something on our site to pull good money from those Oyibos.

The conventional Label of payment worldwide is MasterCard, VisaCard and PayPal! Lets get these area solved.

If your are using PayPal on your site successfully without IP walhalla, come out plainly. PayPal is not a cult?

I am waiting for solution

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Actually e-gold had some problems way back but most of it has been solved and with the new trend now, e-gold is more secure and comes with more scrutiny. The only problem is getting back their lost clients like you and I. At the moment sha LR tops the charts in e-currency (CCs and Ppal excluded).

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In the interim why not try using e-currencies like e-gold and better still liberty reserve as most e-inclined guys now have at least one of those options. There is no harm in using multi payment options though. Fast, simple and no setup costs, just a very little commission fee per transaction if you know how to set things up.

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So many choices.

I think the best thing to do is check what major sites are using and go from there. Maybe you check at least 20 sites and keep score. I guess it all depends on how much money you have to get started.

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to my own opinion interswicth is the best is your major target customers are nigerians but this their set up fees N150,000 is the only problem i as a person is having with this guy i have engaged their webpay in action withot any problem it secure, fast and easy.

you cam try www.plimus.com 4 i am currently test runing this solution on www.syvanet.com, www.emoneypoints.net, www.websmsalerts.com, www.gseedconsult.com the demo worked very well

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No one is saying anything about NetNaira. I think it has a lot of potential. The functionality is amazing and it has profession build.

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Funny stuff about PayPal,

Please understand the 2 main but different needs of Nigerian e-commerce enterprise.

1. You have a website, you sell intelectual goods, software, e-books etc.

You want to sell to the whole world and make your money in 'dollards'

Ok.

2. You have a website, you sell same as above and/or you sell 'hard' products

that need to be shipped or collected in person.

You sell to Nigerians living in Nigeria paying in Naira.

Need I say more? Search and find the right solution for your business. Keep it real.

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More details contact me @: johnbbks@yahoo.com

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@ deal4real

i think you should open a BOA account (Bank of America) here in Nigeria, when you have it you can open paypal account and accept payment very securely.

Anyway, Paypal Sucks: Why visit www.paypalsucks.com

Why not try www.charge.com outside Nigeria, with your BOA account every thing is easy.

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@ Spadmin1.

I dey feel U bro!

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Well, I think E-transact is Okay.

I happen to formerly work with LIVING FAITH CHURCH (A.K.A. WINNERS CHAPEL) as an IT Consultant. It's used there for all their transfer of funds from respective branches to Canaan Land including on their site.

Works very well for them though,

As for me, I had to resign cos I got a high-paying enterprise and just launched an e-book for free that explains the processes involved in earning cool and it is exclusively for Naija People.

U want a copy? Send me an e-mail to solutionideaconsort@yahoo.com

or want an instant result? Then visit http://www.24hourswealth(dot)blogspot(dot)com

P.S. If it doesn't work for you, then be prepared to receive N2000 for the waste of time.

Bye bye oo!

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hello deal4real i think paypal is good and very reliable.

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Interswitch is the best.

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Well, I think E-transact is Okay.

Have got friends that use it, works well for them

As for me, just launched an e-book for free that explains the processes involved in earning cool and it is exclusively for Naija People.

U want a copy? Send me an e-mail to solutionideaconsort@yahoo.com

or want an instant result? Then visit http://www.24hourswealth(dot)blogspot(dot)com

Odabo oo!

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2checkout

paypal

Are the best to use do a search on google and go to the main sites and register your account.

The snitch is that you'll have to integrate your site with your accounts.

Akin

http://wetin-dey.com

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Check your mail. Important information waiting.

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Heres a great solution,

[center]--WWW.SOFTPAY.ORG--

SoftPay is an online payment system that enables its users to send Naira online.

SoftPay could also serve as an online wallet enabling users to save online. SoftPay users

can also receive money online and later withdraw it directly to their bank account, request

for a cheque from SoftPay, send the money on to other SoftPay users or use the money

to shop online on selected sites.

SoftPay is accessible to users from all over the world with an internet connection but

all transactions are carried out in Naira. This makes SoftPay a service mainly for Nigerians in

Nigeria and abroad. Serious online merchants can take advantage of this service to collect

payment for good and services from their customers all over the world thereby increasing

their scope and reach. Business does not have to be limited to your locality only.

Another good feature of SoftPay is that it shields your financial payment information

(credit/debit card and or bank account details) to a large extent. You only need to store your

financial information with SoftPay, and do not need to share it with merchants or other people

in general since all you need to complete a transaction is your SoftPay user name and SoftPay

account password when making payment.

How can SoftPay be of use to you?

Your use of SoftPay will depend on what exactly you intend to do online. Are you an online

shopper, a small-time seller or a full-blown merchant? SoftPay will work for you.

At SoftPay there is no distinction between seller, buyer or merchant. All accounts are treated

equally and fairly.

Send Money home

If you live abroad you can send money home through your SoftPay account. The great thing

is that you can send small amounts of money to several beneficiaries without paying a fortune

in transfer fees. e.g Bits of N10,000 oe even N5,000 and you don't have to pay transfer fees for

each one. Jus send the money directly to your softpay account and then distribute from there on.

Collections

Have you got business interests back home and would require to collect money from people

who owe you some? I bet we are all familiar with the scenario in which we ask a relative to

collect for us and next thing we begin to hear is stories of how the money went. Well not any

more!

Now you can ask all your debtors to easily pay directly into your SoftPay.org account.

Receiving Money

With your SoftPay.org account you can collect and monitor all your debts securely online even

from abroad. Know when payment is made and manage your cash in full control just the way

you want.

Buy/Sell

You can use your SoftPay.org to pay for goods and/or services obtained from Nigeria.

You can also sell stuff and get paid through SoftPay. All this and more without the hassles of

the past.

Make residual income with the Free Referral Program:

Open a free account today and be automatically enrolled in our free affiliate program that pays

you for your referrals 4 levels deep.

Business/private users: Make payments, send money to friends with SoftPay - and earn money instead of paying it through the bank.

Online shops: A double advantage: accept SoftPay and at the same time earn money by referring users to us via your special referral link.

Webmasters: Turn your traffic into cash - just for putting a SoftPay link/banner on your website! Earn commision from all who sign-up through your site.

SoftPay is stretching the boundaries of e-commerce in Nigeria.

You too can join now and begin enjoying the benefits by signing-up for a SoftPay account.

On sign-up you will even get free N200 credit to your account. How cool is that?

Click on the link below to do so now.

www.softpay.org[/center]

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Yeah Seun, you might be right about that, but its gonna be e-Monopoly and you know what? I dont think all of these our fat-belly leaders are so much intesred in e-world and I think if they are involved, may be it would be recognized worldwide and definalty opens more gateway to Nigeria in on internet!, may be not! if only they will make it for both the rich and the poor!

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Recently the National eGovernment Strategy (NeGSt) is pioneering a PPP model with the CBN to provide Nigerians with the eNaira. I got wind of this from a reliable source. In months to come, every other payment system in Nigeria shall be integrated into eNaira which will become an eGate for Nigeria.

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Hi,

I came across another website that's meant to be about online payment in Nigeria

(www.nigeriaonlinepayment.com) not too sure what they are trying to achieve but check it out.

NETICASH

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There seem to be loads of these programs going on, I've just found this site : www.gboza.com,

It appears to be one of those things where you can pay in at a Bank for something you bought online, I'm not a c&p person so just check the site out for yourself, see if it suits your requirements

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Hi Guys,

This topic will forever be a contentious one. NETICASH an online payment service launched it's services in September of 2006 as posted on nairaland (see http://www.nairaland.com/nigeria/topic-3813.32.html#msg218923) and we are making remarkable progress, subscription rate is growing at the rate of 10% per month and our projections for 2007 are quite remarkable. However we need budding Nigerian business who want to sell online to add to our growth figures. NETICASH is a Global online payment service that allows Nigerians across the world to transact business online in the major currencies of the world.

What does this mean?

It means that a Nigerian based business using NETICASH can now advertise their products online in the local currency (Naira), but get paid in the major currencies of the world (£,$ and EURO) without the need to worry about get a credit card terminal. Basically, a london based NETICASH account will be denominated in their own currency (£), a US based NETICASH account will be denominated in dollars and so on. However when they now want to buy from a Nigerian based Merchant their currency is converted real time during the transaction, just like any other credit card transaction on the internet. This inadvertently opens up a whole new market to Nigerians that the likes of Interswitch et al cannot at the moment. The money collected on your behalf is then remitted to your bank account in your local currency (Naira).

NETICASH account holders can load their account at Lloyds TSB bank in the UK, and all the branches of FCMB and UBA nationwide in Nigeria.

Merchants are charged a minimal setup and transaction fees compared to that which prevails in the market today.

NETICASH is the best online payment solution for Nigeria yet and we can prove it.  And guess what, you can perform all your transactions from the comfort of your mobile handset as well i.e. transfer funds, pay merchants, buy recharge PINs, etc ( a first for Nigeria in its own right)

I will advise you to give it a try.

NETICASH

www.neticash.com

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To me, I think Interswitch is still better, just like being use in www.shopforless.com , www.web2smspro.com and some others, its fast and simple, If at all you want to go for online shoping, I think convinience is considered, how would i go to a site where i have to order, go to bank to pay into their or equaivalent account, and start waiting for the money to be verified, wait for confirmation before my goods is been shipped while i can do all this at a go with my fingertips? I still insist on Interswitch, they've got a lot to offer!

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N150,000.00 is required to integrate interswitch into your plan, either online or offline the last time I checked.

Now, save for very few businesses that may want to join the bandwagon without doing proper and complete analysis, I guess Interswitch is just cool for the banks and their ATMS.

A simple, easy and very affordable online payment is needed to ecommerce to take off real good unfortunately, there seems to be a disconnect between the many promises being made by these providers and the reality on ground.

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Interswitch has the technology but they are a lsomethings that you need to consider before enrolling.

The major one, is what is your profit margin like in ratio to the cost of maintaining an interswitch account besides capital outlay.

Would the pricing of your product be the differentiating object in comparasion to your competitiors?

And many more. To me interswith has still a long way to go, business model wise besides security and protecting customer interest.

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I don't think E-tranzact is ready for ecommerce business in Nigeria.I heard they are in discussion with Interswitch to use their ATM platform.Does that show they are serious? I feel interswitch is still the best but i have my scepticism over non-acceptance of the ATM card by a cross number of Nigerians.

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Thanks for your registration sir, you are most welcome to SoftPay.

your business is important to us.

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hahahaha there Nigeria goes again, with government doing everything for us,

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