Collections
Kuda Business offers two main ways to collect payments using the API:
Service | Fee |
Pay with Kuda | 0.5% of transaction value (Capped at ₦300) |
Pay with Transfer (Virtual Accounts) | 0.3% of transaction value (Capped at ₦80) |
These options are ideal for businesses looking to automate incoming payments via dynamic accounts or embedded checkout flows.
Transfers
Transfers using the Kuda Business API are priced based on the number of transfers you make, not the amount of any single transfer. Here's how it breaks down:
Kuda to Other Banks (Interbank Transfers)
The ranges below are a count of transfers, not naira amounts.
Number of Transfers | Fee Per Transfer (₦) |
0 – 10,000 | 15 |
10,001 – 100,000 | 12 |
100,001 – 400,000 | 10 |
> 400,000 | 9 |
Kuda to Kuda (Intrabank Transfers)
Number of Transfers | Fee |
Any amount | Free |
Instant Settlement
If you provide payment services with POS terminals and need to settle funds instantly, the API provides flexible pricing depending on the total transaction value.
Transaction Value (₦) | Pricing (%) | Cap (₦) |
Up to ₦50 million | 0.40% | 100 |
₦50 million – ₦100 million | 0.35% | 100 |
₦100 million – ₦500 million | 0.30% | 100 |
₦500 million – ₦1 billion | 0.25% | 100 |
Above ₦1 billion | 0.20% | 100 |
This structure ensures predictable costs even at scale, thanks to a consistent ₦100 cap per transaction.