Flutterwave vs Monnify vs Paystack: The 2026 Merchant Payout Guide

Selecting a payment processor dictates your daily cash flow. Here is a comparison of Flutterwave, Monnify, and Paystack for Nigerian merchants in 2026.

1. Paystack * **Settlement Cycle:** T+1 (Next Business Day). * **Processing Fee:** 1.5% per local transaction (capped at ₦2,000). * **Best for:** Seamless credit card and mobile money checkouts.

2. Monnify * **Settlement Cycle:** T+1. * **Processing Fee:** Flat 1% fee on bank transfers. * **Best for:** Low-cost automated bank transfer payments.

3. Flutterwave * **Settlement Cycle:** T+1. * **Processing Fee:** 1.4% on local cards. * **Best for:** International multi-currency credit card payments.