Setting up Payment Gateways is very important for you and your customers. You need to make sure you have completed registration with the payment gateway companies on their website.
The available Payment Gateways are MONNIFY.COM, FLUTTERWAVE.COM, and PAYSTACK.COM
Here is a guide on monnify registration and fast approval
Let us get started on configuring Payment Gateways on Your Website.
- Locate and click Payment Gateway, it is a sub-menu of System functions in the left menu.
- VENDOR KYC: Note B: Don’t enable this section if you have not completed registration with MONNIFY.COM, this section can only be enabled by checking the box to force the user verification of either BVN or NIN, don’t force them to verify both. Most people are not comfortable with the use of their BVN on websites, so it is advisable to force NIN if there is a need for you to force verification. But we recommend that you leave this section as it is, and make it optional for users to verify BVN or NIN, it is only for MONNIFY Virtual Bank Account.
- PAYMENT GATEWAYS: Here, you need to login to the payment gateway websites, copy the public and secret key and encrypt key, and add them to your payment gateway page accordingly, Monnify contract key is your encrypt key, meanwhile, PayStack doesn’t have to encrypt key so you can leave encrypt key box empty for paystack. Then locate the webhook URL of each payment gateway, copy the webhook URL, and add it to the webhook boxes of the payment gateway website. Once you complete these settings, your website and customers are good to go.