Unlimit (formerly CardPay) API vs Monnify API Comparison: Discover the best for Payment Gateways & Processors in Nigeria
Detailed technical benchmark and comparison between Unlimit (formerly CardPay) API and Monnify API. Analyze pricing structures, verified webhooks, sandbox testing, authentication, and compliance for teams building in Nigeria.
VS
U
Unlimit (formerly CardPay) API
Accept international payments for e-commerce, gaming & travel platforms
M
Monnify API
Accept payments with same-day settlement & competitive transfer fees
Unlimit (formerly CardPay) API is best for nigerian and African businesses with international customer bases, global e-commerce merchants, gaming companies, travel platforms, and subscription services needing to accept 1,000+ payment methods across 150+ currencies with explicit support for Nigeria, Kenya, and Tanzania in Africa.
Monnify API is best for nigerian businesses, SaaS platforms, and fintechs that prioritize same-day settlement, competitive bank transfer fees, and a well-documented API from Moniepoint's CBN-licensed payment infrastructure.
Unlimit (formerly CardPay) API VS Monnify API Key Highlights
| Highlight | U Unlimit (formerly CardPay) API | M Monnify API |
|---|---|---|
| Authentication | Terminal credentials (Terminal Code + Password) + SHA-512 signature server-to-server authentication for API gateway mode; OAuth 2.0 for some endpoints | Basic Auth (base64 of apiKey:secretKey) OR OAuth Bearer Token |
| Rate Limit | Not publicly documented enterprise SLA-based | Not publicly specified |
| Sandbox Mode | ✓ Available | ✓ Available |
| Webhooks | ✓ Supported | ✗ Not supported |
| API Services | Card Payments (Visa / Mastercard / Verve)Bank Transfer / Pay by TransferUSSD PaymentsInternational / Multi-Currency Payments | Virtual AccountsDynamic Bank TransfersCard PaymentsBulk DisbursementsPOS Terminal |
| Supported Regions |  Nigeria Ghana Kenya | Nigeria |
Pricing & Fee Structure
| Fee Component | U Unlimit (formerly CardPay) API | M Monnify API |
|---|---|---|
| Local Transactions / Cards | Contact provider | Local cards/USSD:1.5% capped ₦2,000 |
| International / FX Cards | Contact provider | International cards:4% |
| Transfers & Payouts | Contact provider |
|
| Free Tier / Trial Credits | No publicly listed free tier | Contact provider |
| Setup & Monthly Fees | Contact provider | No setup/monthly fees |
| Rates & Additional Terms |
| Rates exclude VAT |
Unlimit (formerly CardPay) API & Monnify API Feature by Feature Comparison
| Feature / Capability | U Unlimit (formerly CardPay) API | M Monnify 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 Unlimit (formerly CardPay) API and Monnify API in Nigeria?
Unlimit (formerly CardPay) API is best for: Nigerian and African businesses with international customer bases, global e-commerce merchants, gaming companies, travel platforms, and subscription services needing to accept 1,000+ payment methods across 150+ currencies with explicit support for Nigeria, Kenya, and Tanzania in Africa.. Meanwhile, Monnify API is best for: Nigerian businesses, SaaS platforms, and fintechs that prioritize same-day settlement, competitive bank transfer fees, and a well-documented API from Moniepoint's CBN-licensed payment infrastructure.. Your choice should align with whether your team prioritizes Unlimit (formerly CardPay) API's developer ecosystem or Monnify API's specific capability set.
Does Unlimit (formerly CardPay) API or Monnify API support webhooks and sandbox testing?
Unlimit (formerly CardPay) API provides a dedicated sandbox testing environment and supports real-time webhooks. Monnify API offers sandbox testing and has webhook status unverified.
What are the fees and pricing models for Unlimit (formerly CardPay) API vs Monnify API?
Unlimit (formerly CardPay) API pricing: Custom enterprise pricing not publicly listed. Based on volume, payment methods, and regions. Contact Unlimit sales for a merchant pricing quote. No publicly listed free tier.. Monnify API pricing: Local cards/USSD: 1.5% capped ₦2,000. Bank transfer/Direct Debit: 1.5% capped ₦2,000 (or ₦500 flat). International cards: 4%. Payouts: ₦10 (<₦10K), ₦20 (₦10K ₦49,999), ₦40 (₦50K+). No setup/monthly fees. Rates exclude VAT.. Both platforms offer tailored pricing structures for Nigerian transactions.
What authentication methods do Unlimit (formerly CardPay) API and Monnify API use?
Unlimit (formerly CardPay) API uses Terminal credentials (Terminal Code + Password) + SHA-512 signature server-to-server authentication for API gateway mode; OAuth 2.0 for some endpoints authentication with Not publicly documented enterprise SLA-based. Monnify API uses Basic Auth (base64 of apiKey:secretKey) OR OAuth Bearer Token authentication with Not publicly specified.
