Accept Monnify
without building the integration
Monnify is Moniepoint's payment gateway for Nigerian merchants, built around reserved virtual accounts: each transaction gets its own account number, the customer transfers to it from any bank app, and the payment confirms instantly. Cards, USSD and cash at agent locations sit alongside it.
- NGN
- Region
- Nigeria
- Methods
- 4
- Credentials
- Server-side only
- PaymentHood fee
- None
- Status
- Live
What is Monnify?
- Coverage
-
- Nigeria
Among the markets Monnify serves — their own list is authoritative (opens in new tab).
- Currencies
-
- NGN
Among those supported. Which ones your account can charge in depends on its registered country.
- Fees
- Set and billed by Monnify, and published on their pricing page (opens in new tab). PaymentHood adds nothing on top, at any volume.
- Official resources
- Website (opens in new tab) · Developer docs (opens in new tab)
Written against Monnify's own documentation on . This page deliberately states no fees, no counts and no completeness claims, because those change without notice — for anything you are about to build on, Monnify's own documentation (opens in new tab) is the authority.
Monnify payment methods
Every method below runs through the same PaymentHood checkout. Turning one on or off is a dashboard setting, not a code change.
Bank transfer
A one-time virtual account number generated per transaction
Cards
Verve, Mastercard and Visa with 3-D Secure
USSD
A dial string returned alongside the account details
Cash at agents
Payment in cash at a Moniepoint agent location
Monnify fees and pricing
Two separate bills, and only one of them exists.
- What PaymentHood charges
- Nothing on your Monnify transactions. No percentage and no per-transaction cut, at any volume. Every payment feature is free, and the optional Premium plan only adds white-label checkout branding.
- What Monnify charges
- Monnify sets its own rates and bills you directly. PaymentHood never sits between you and that invoice, so switching to or from Monnify changes what you pay Monnify and nothing else.
- What moves the rate
- Payment providers price per market and per method rather than as a single global figure. It also accepts 4 different payment methods, and card, transfer and wallet rails each carry their own cost.
- Where to check the figure
- Monnify publishes current rates on their pricing page (opens in new tab). That is the authority, not this page. We deliberately quote no numbers here, because a rate that has quietly changed is worse than no rate at all.
How PaymentHood works with Monnify
A direct Monnify integration is not just an API call. These are the parts every team ends up rebuilding — and the parts PaymentHood ships already done.
- Credentials
- API key and secret key exchanged for a bearer token, held server-side in PaymentHood
- Webhook security
- Signed transaction completion webhook, validated before an order is released
- Payment verification
- Server-side transaction status re-check against the Monnify API before fulfilment
- Idempotent charge creation, so a retried request never double-charges a customer
- Automatic failover to another configured provider when Monnify is unreachable
- One reconciliation view across Monnify and every other provider you run
- Provider credentials never reach the storefront or the customer's browser
- Adding or switching a provider later is a dashboard change, not a re-integration
Monnify integrations by platform
Install the free PaymentHood plugin for your store, then enable Monnify in your dashboard.
How to connect Monnify
Open your Monnify account
Register directly with Monnify and complete their onboarding. Funds settle from Monnify into your own bank account — PaymentHood never holds merchant money.
Add the credentials to PaymentHood
Paste your Monnify API credentials into the PaymentHood dashboard. They are stored server-side and never exposed to your storefront.
Enable it at checkout
Install the PaymentHood plugin for your platform, paste your PaymentHood API key, and Monnify appears as a payment option. Test in sandbox, then switch to live.