Monnify
Payment infrastructure and virtual account provider in Nigeria, specialized in automated bank transfers, dynamic and reserved virtual accounts, card collections, and instant settlement. A Moniepoint company.
Verified Operating Markets
Capabilities & Developer Tools
Capabilities & Developer Experience
Developer & API Features
Official & Community SDKs
SDK availability under verification.
Fee Schedule
Published Standard Fee Schedule
Verified ContentStandard published processing rates for Monnify, verified against official documentation and fee schedules.
| Payment Channel / Rail | Market | Variable Rate | Fixed Fee | Waiver / Threshold | Floors & Caps | Source & Provenance |
|---|---|---|---|---|---|---|
Bank Transfer / NIP Collectionbank-transfer | NG (NGN) | 1.50% | — | — | Max: NGN 2,000.00 | Official Source ↗ (opens in new tab)Verified Aug 14, 2026 Verified Monnify Nigeria online bank transfer / Dynamic Virtual Account collection fee schedule: 1.5% capped at ₦2,000. No fixed fee component. |
Card (Domestic / Local)card-domestic | NG (NGN) | 1.50% | — | — | Max: NGN 2,000.00 | Official Source ↗ (opens in new tab)Verified Aug 14, 2026 Verified Monnify Nigeria domestic card fee schedule: 1.5% capped at ₦2,000. No fixed fee component. |
Card (International — Visa / MC / Verve)card-international | NG (NGN) | 4.00% | — | — | No cap | Official Source ↗ (opens in new tab)Verified Aug 14, 2026 Verified Monnify Nigeria international card fee schedule: 4.0% flat, no fixed fee, no fee cap. |
USSD Sessionussd | NG (NGN) | 1.50% | — | — | Max: NGN 2,000.00 | Official Source ↗ (opens in new tab)Verified Aug 14, 2026 Verified Monnify Nigeria USSD payment collection fee schedule: 1.5% capped at ₦2,000. No fixed fee component. |
Model Exact Transaction Costs for Monnify
Compare effective percentage fees, fixed costs, and maximum cap limits for Monnify against other verified Nigerian gateways on specific transaction amounts.
Verification & Provenance
Verified from official Monnify website, developer documentation portal, interactive API docs, and pricing schedule.