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HomeCategoriesCard IssuingComparisonsBloc API vs Anchor API
Back to Bloc API Alternatives

Bloc API vs Anchor API Comparison: Discover the best for Card Issuing in Nigeria

Detailed technical benchmark and comparison between Bloc API and Anchor API. Analyze pricing structures, verified webhooks, sandbox testing, authentication, and compliance for teams building in Nigeria.

VS
BBloc API

Bloc API

Embed virtual accounts, transfers & bills payment via a CBN-licensed bank

Learn More
AAnchor API

Anchor API

Launch accounts, cards, transfers & lending without building core banking

Learn More

Bloc API is best for nigerian developers and startups that want to embed banking features virtual accounts, transfers, bills payment into their apps using a fully CBN-licensed Nigerian BaaS that owns its own banking infrastructure via Banc Corp MFB.

Anchor API is best for nigerian fintech startups, neobanks, SaaS platforms, digital health companies, and enterprises that want to embed banking features accounts, transfers, card issuance, savings, and lending without building from scratch or obtaining their own CBN license.

Bloc API VS Anchor API Key Highlights

Highlight
BBloc API
Bloc API
AAnchor API
Anchor API
AuthenticationAPI Key (Secret Key from Bloc Dashboard)API Key (Bearer Token) generated via Anchor Dashboard under Developers > API Keys with granular permission scoping
Rate LimitNot publicly specified contact Bloc for limitsNot publicly documented contact Anchor support for rate limit details
Sandbox Mode✓ Available✓ Available
Webhooks✗ Not supportedNot verified yet
API Services
Virtual Card IssuancePhysical Card IssuanceNaira (NGN) CardDollar (USD) Virtual Card
Virtual Account & Account OpeningAccount Balance & Transaction HistoryDirect Debit / Mandate PaymentsBank Transfers & Payouts
Supported Regions
NigeriaNigeriaGhanaGhanaKenyaKenya
NigeriaNigeriaGhanaGhanaKenyaKenya

Pricing & Fee Structure

Fee Component
BBloc API
Bloc API
AAnchor API
Anchor API
Transfers & PayoutsVirtual Accounts and Transfers pricing varies contact Bloc for enterprise rates
  • Book Transfer (intra-bank):₦0
  • Payout / NIP Transfer:₦20 per transfer
  • Bulk Transfer:Cost varies per transfer type
  • COT Charges on transfers above ₦10,000,000: 0.1% capped at ₦50,000
Free Tier / Trial CreditsFree to integrateContact provider
Setup & Monthly FeesContact providerMonthly Account Maintenance:₦0
Rates & Additional Terms
  • Bills Payment API pays commissions to developers per successful transaction
  • No upfront fees to start testing
  • Pricing sourced from Anchor's official pricing document; rates are not publicly listed on their website and may change contact hello@getanchor.co for a current quote
  • Account Creation (Deposit / Virtual / Sub-Ledger): ₦0
  • Generate Account Statement:₦0
  • Inflow via Virtual NUBAN (collections): 0.5% capped at ₦200
  • Inflow Stamp Duty (deposit accounts, CBN regulation): ₦50 on deposits over ₦10,000
  • KYC Tier 2 (individual):₦50
  • KYC Tier 3 (individual):₦200
  • Business KYB verification:₦1,000
  • Contact hello@getanchor.co for an updated quote

Bloc API & Anchor API Feature by Feature Comparison

Feature / Capability
BBloc API
Bloc API
AAnchor API
Anchor API
Virtual Card Issuance✓✗
Physical Card Issuance✓✗
Naira (NGN) Card✓✗
Dollar (USD) Virtual Card✓✗
Spend Controls & Limits✗✗
Webhooks & Event Notifications✗✗
Card Balance Top-up✓✗
Card Freeze & Unfreeze✓✗
Virtual Accounts✗✓
Account Balance & Transaction History✗✓
Direct Debit / Mandate Payments✗✓
Bank Transfers & Payouts✗✓
BVN / KYC Identity Verification✗✓
Card Issuance✗✓
Savings & Investment Products✗✓
Open Banking / Data Access✗✗
Sandbox Testing Environment✓✓
API Key / Token Authentication✓✓

Frequently Asked Questions

Which is better between Bloc API and Anchor API in Nigeria?
Bloc API is best for: Nigerian developers and startups that want to embed banking features virtual accounts, transfers, bills payment into their apps using a fully CBN-licensed Nigerian BaaS that owns its own banking infrastructure via Banc Corp MFB.. Meanwhile, Anchor API is best for: Nigerian fintech startups, neobanks, SaaS platforms, digital health companies, and enterprises that want to embed banking features accounts, transfers, card issuance, savings, and lending without building from scratch or obtaining their own CBN license.. Your choice should align with whether your team prioritizes Bloc API's developer ecosystem or Anchor API's specific capability set.
Does Bloc API or Anchor API support webhooks and sandbox testing?
Bloc API provides a dedicated sandbox testing environment and has webhook status unverified. Anchor API offers sandbox testing and has webhook status unverified.
What are the fees and pricing models for Bloc API vs Anchor API?
Bloc API pricing: Free to integrate. Bills Payment API pays commissions to developers per successful transaction. Virtual Accounts and Transfers pricing varies contact Bloc for enterprise rates. No upfront fees to start testing.. Anchor API pricing: Pricing sourced from Anchor's official pricing document; rates are not publicly listed on their website and may change contact hello@getanchor.co for a current quote Account Creation (Deposit / Virtual / Sub-Ledger): ₦0 Monthly Account Maintenance: ₦0 Generate Account Statement: ₦0 Inflow via Virtual NUBAN (collections): 0.5% capped at ₦200 Inflow Stamp Duty (deposit accounts, CBN regulation): ₦50 on deposits over ₦10,000 Book Transfer (intra-bank): ₦0 Payout / NIP Transfer: ₦20 per transfer Bulk Transfer: Cost varies per transfer type COT Charges on transfers above ₦10,000,000: 0.1% capped at ₦50,000 KYC Tier 2 (individual): ₦50 KYC Tier 3 (individual): ₦200 Business KYB verification: ₦1,000 Contact hello@getanchor.co for an updated quote. Both platforms offer tailored pricing structures for Nigerian transactions.
What authentication methods do Bloc API and Anchor API use?
Bloc API uses API Key (Secret Key from Bloc Dashboard) authentication with Not publicly specified contact Bloc for limits. Anchor API uses API Key (Bearer Token) generated via Anchor Dashboard under Developers > API Keys with granular permission scoping authentication with Not publicly documented contact Anchor support for rate limit details.

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CBN PSSP-licensed African payment gateway. Checkout, virtual accounts, direct debit, and cross-border payments across 50+ currencies and 150+ countries.