---
title: "Monnify: Card Payments and Bank Transfers — Fees"
description: "Collect card, USSD and bank transfer payments in Nigeria. Fees: 1.5% capped ₦2,000 (local) or 4% (intl); payouts ₦10–₦40; VAT excl."
canonical_url: "https://liners.com/monnify"
markdown_url: "https://liners.com/monnify.md"
type: "product"
language: "en"
image: "https://assets.liners.com/storage/v1/object/public/media/tools/monnify/screenshot.webp?v=1772269031092"
published_at: "2026-03-11T11:40:40.105Z"
updated_at: "2026-10-06T16:18:18.631Z"
---

# Monnify: Card Payments and Bank Transfers — Fees

Collect card, USSD and bank transfer payments in Nigeria. Fees: 1.5% capped ₦2,000 (local) or 4% (intl); payouts ₦10–₦40; VAT excl.

## Breadcrumbs

- [Fintech](/categories/fintech)
- [Monnify](/monnify)

## Summary

Accept card and bank transfer payments in Nigeria

A Nigerian payment gateway for businesses to collect one-time or recurring payments via cards and interbank transfers (USSD, mobile, and internet banking) on web and mobile apps.

## Product details

| Field | Value |
| --- | --- |
| Website | https://monnify.com/ |
| Tagline | Accept card and bank transfer payments in Nigeria |
| Primary country | Nigeria |
| Platforms | Web, API, Android, iOS |
| Average rating |  |
| Published reviews | 0 |
| Verified listing | No |

## About the product

Monnify is a Nigeria-focused **payment gateway** for businesses that need to collect **one-time or recurring payments** from customers on web and mobile applications.

Key capabilities include:

- **Multiple payment methods**: accept **debit card** payments and **interbank transfers** initiated via **USSD**, **mobile banking apps**, or **internet banking**; supports payments from **all Nigerian banks**.
- **Developer integrations**: implement collections using a **Web SDK**, **Mobile SDK**, or **APIs**, with access to **documentation** and a **fully featured sandbox** for testing.
- **Bank transfer collections with reconciliation**: use **dynamic account numbers** per transaction or **unique account numbers** mapped to customers, plus **real-time reconciliation** for account transfers.
- **Operations, settlement, and risk controls**: choose **instant**, **twice daily**, or **end-of-day** settlements; includes **intelligent fraud detection** and **PCI-DSS compliant** security with military-grade encryption.

Available via **Web**, **Android, iOS**, and **APIs**.

It targets **Nigerian merchants and businesses** that need higher payment completion rates, simpler reconciliation, and flexible settlement options for local collections.

Notable in Nigeria for its adoption across the market, including usage by **27 Nigerian banks** and **100,000+ merchants**, and for supporting both card payments and bank transfer flows (USSD, mobile, and internet banking) commonly used by customers in Nigeria.

## Features

- [Fintech](/categories/fintech): Category
- [B2B](/tags/b2b): Product feature or technology
- [Payment Gateway](/tags/payment-gateway): Product feature or technology
- [Nigeria](/countries/nigeria): Market

## Related pages

- [Alternatives](/monnify/alternatives)
- [Reviews](/monnify/reviews)
- [Transparency](/monnify/transparency)

## Access and citation

- [Canonical HTML page](https://liners.com/monnify)
- [Markdown route index](/sitemap.md)
- [Agent access guide](/llms.txt)