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

Kora Payments API is best for: Nigerian fintechs and pan-African businesses that need a single API covering card payments, mobile money, bank transfers, identity verification (BVN, NIN, CAC), and exchange rates with multi-country coverage including Nigeria, Ghana, Kenya, and South Africa.. 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 Kora Payments API's developer ecosystem or VelvPay API's specific capability set.

Kora Payments API provides a dedicated sandbox testing environment and has webhook status unverified. VelvPay API offers sandbox testing and supports real-time webhooks.

Kora Payments API pricing: Pricing not publicly listed. Costs per verification deducted from account balance. Contact Kora for payment processing and identity service fees. Sandbox/test mode available for free.. 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.

Kora Payments API uses Bearer Token (Secret Key from Kora Dashboard, base URL: api.korapay.com/merchant) authentication with Not publicly specified contact Kora for limits. VelvPay API uses API Key issued after merchant onboarding; passed as Bearer token or in request headers authentication with Not publicly documented.