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HomeCategoriesPayment Gateways & ProcessorsComparisonsSquad API vs Kora Payments API
Back to Squad API Alternatives

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

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

VS
SSquad API

Squad API

Accept payments & issue virtual accounts through a GTBank-backed gateway

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KKora Payments API

Kora Payments API

Accept card, mobile money & bank transfer payments across four African countries

Learn More

Squad API is best for nigerian developers and businesses that want a GTBank-backed payment gateway with lower fee caps than competitors gateway capped at ₦1,500, virtual accounts capped at ₦1,000 with full developer API, subscription billing, and BVN verification.

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.

Squad API VS Kora Payments API Key Highlights

Highlight
SSquad API
Squad API
KKora Payments API
Kora Payments API
AuthenticationBearer Token (Secret Key from Squad Dashboard)Bearer Token (Secret Key from Kora Dashboard, base URL: api.korapay.com/merchant)
Rate LimitNot publicly specifiedNot publicly specified contact Kora for limits
Sandbox Mode✓ Available✓ Available
Webhooks✗ Not supported✗ Not supported
API Services
Card Payments (Visa / Mastercard / Verve)Bank Transfer / Pay by TransferUSSD PaymentsVirtual Account Numbers
Cross-border CollectionsPayouts & DisbursementsVirtual AccountsCard Processing
Supported Regions
NigeriaNigeriaGhanaGhanaKenyaKenya
NigeriaNigeriaKenyaKenyaGhanaGhanaUnited KingdomUnited Kingdom

Pricing & Fee Structure

Fee Component
SSquad API
Squad API
KKora Payments API
Kora Payments API
Local Transactions / CardsPayment links:1% local, 3.5% internationalContact provider
Transfers & PayoutsGateway (card/USSD/bank transfer):capped at ₦1,500Contact provider
Free Tier / Trial CreditsContact providerSandbox/test mode available for free
Setup & Monthly FeesNo setup fees, no hidden chargesContact provider
Rates & Additional TermsVirtual accounts:capped at ₦1,000
  • Pricing not publicly listed
  • Costs per verification deducted from account balance
  • Contact Kora for payment processing and identity service fees

Squad API & Kora Payments API Feature by Feature Comparison

Feature / Capability
SSquad API
Squad API
KKora Payments API
Kora Payments API
Card Payments (Verve/Visa/Mastercard)✓✓
Bank Transfer / Pay by Transfer✓✓
USSD Payments✓✓
Virtual Accounts✓✗
International / Multi-Currency Payments✓✓
Recurring Billing / Subscriptions✓✓
Payment Links & Hosted Checkout✓✓
Webhooks & Event Notifications✗✗
Sandbox Testing Environment✓✓
API Key / Token Authentication✓✓

Frequently Asked Questions

Which is better between Squad API and Kora Payments API in Nigeria?
Squad API is best for: Nigerian developers and businesses that want a GTBank-backed payment gateway with lower fee caps than competitors gateway capped at ₦1,500, virtual accounts capped at ₦1,000 with full developer API, subscription billing, and BVN verification.. Meanwhile, 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.. Your choice should align with whether your team prioritizes Squad API's developer ecosystem or Kora Payments API's specific capability set.
Does Squad API or Kora Payments API support webhooks and sandbox testing?
Squad API provides a dedicated sandbox testing environment and has webhook status unverified. Kora Payments API offers sandbox testing and has webhook status unverified.
What are the fees and pricing models for Squad API vs Kora Payments API?
Squad API pricing: Gateway (card/USSD/bank transfer): capped at ₦1,500. Virtual accounts: capped at ₦1,000. Payment links: 1% local, 3.5% international. No setup fees, no hidden charges.. 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.. Both platforms offer tailored pricing structures for Nigerian transactions.
What authentication methods do Squad API and Kora Payments API use?
Squad API uses Bearer Token (Secret Key from Squad Dashboard) authentication with Not publicly specified. 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.

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Fincra API

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