Interswitch API vs VelvPay API Comparison: Discover the best for Payment Gateways & Processors in Nigeria

Interswitch API is best for: Nigerian enterprises, banks, fintechs, and businesses needing access to Interswitch's 3,000+ biller network, airtime vending, NIP instant transfers, and the Verve card network backed by Nigeria's oldest and largest payment infrastructure company.. Meanwhile, VelvPay API is best for: Nigerian SMEs, freelancers, service-based businesses, and startups that want a simple, affordable payment gateway with local customer support, 1% transaction fees, built-in invoicing, and multi-channel payment acceptance (web, mobile, and in-person).. Your choice should align with whether your team prioritizes Interswitch API's developer ecosystem or VelvPay API's specific capability set.

Interswitch API provides a dedicated sandbox testing environment and supports real-time webhooks. VelvPay API offers sandbox testing and supports real-time webhooks.

Interswitch API pricing: Integration free. Local transactions: 1.5% capped at ₦2,000 (7.5% VAT applies). Customized volume pricing available for high-volume merchants. Settlement within 48 hours.. VelvPay API pricing: Local transactions: 1% per transaction with no hidden charges. International transactions: flexible rate (contact VelvPay for exact fees). Same-day settlement available. No publicly listed monthly subscription fee.. Both platforms offer tailored pricing structures for Nigerian transactions.

Interswitch API uses OAuth 2.0 (Client ID + Secret Key from developer console) authentication with Not publicly specified. VelvPay API uses API Key issued after merchant onboarding; passed as Bearer token or in request headers authentication with Not publicly documented.