When you’re running a business, every naira counts. That’s why we want to be completely transparent about our transaction fees. Here’s a clear breakdown by payment method, with real-life examples to show you exactly how it works.
Pay With Transfer
The fee: ₦0 (That’s right—absolutely free!)
No matter the amount, you keep every kobo when customers pay via transfer.
Examples:
Small transfer: Customer sends ₦1,000
Fee: ₦0
You pay: ₦0
Medium transfer: Customer sends ₦50,000
Fee: ₦0
You pay: ₦0
Large transfer: Customer sends ₦1,000,000
Fee: ₦0
You pay: ₦0
Pay With Kuda
The fee: 0.5% of the transaction amount, capped at ₦500.
Examples:
Small purchase: ₦1,000
Fee: 0.5% of ₦1,000 = ₦5
You pay: ₦5
Medium purchase: ₦50,000
Fee: 0.5% of ₦50,000 = ₦250
You pay: ₦250
Large purchase: ₦200,000
Fee: 0.5% of ₦200,000 = ₦1,000, but capped at ₦500
You pay: ₦500
Pay With USSD
The fee: 1.5% of the transaction amount, capped at ₦2,400.
Examples:
Small purchase: ₦500
Fee: 1.5% of ₦500 = ₦7.50
You pay: ₦7.50
Medium purchase: ₦20,000
Fee: 1.5% of ₦20,000 = ₦300
You pay: ₦300
Large purchase: ₦200,000
Fee: 1.5% of ₦200,000 = ₦3,000, but capped at ₦2,400
You pay: ₦2,400
Pay With Card
The fee: 0.5% of the transaction amount, capped at ₦100.
Examples:
Small purchase: ₦300
Fee: 0.5% of ₦300 = ₦1.50
You pay: ₦1.50
Medium purchase: ₦15,000
Fee: 0.5% of ₦15,000 = ₦75
You pay: ₦75
Large purchase: ₦300,000
Fee: 0.5% of ₦300,000 = ₦1,500, but capped at ₦100
You pay: ₦100
Key Things to Remember
Transfers are always free: Receiving payments via transfer costs you nothing, no matter the amount.
Caps protect you: No matter how large the transaction, you’ll never pay more than the capped amount for each payment method.
Pay With Transfer and Pay With Kuda are most cost-effective: Encourage customers to use these options for lower fees.
Fees are automatic: All fees are deducted automatically—you don’t have to do any calculations or make separate payments.
We’re transparent: If you ever have questions about fees or anything else, just ask!
By understanding these fees, you can make smarter decisions about which payment methods to encourage and how to price your goods or services. We’re here to support your business—reach out any time for help or clarification!