Squad alternatives

We compared Squad with 4 other payment gateways on what one payment costs, in Nigeria. Every number says where it came from and when it was checked.

Our read · Payment of ₦10,000 at the standard rate, Nigeria

Cheapest alternative for a payment of ₦10,000 at the standard rate: Interswitch and Monnify

Interswitch and Monnify are the joint cheapest Squad alternatives for a payment of ₦10,000 at the standard rate in Nigeria: a ₦150 fee each, ₦30 more than Squad (checked 22 Oct 2026).

Fee is one part of the cost. Settlement time, limits and licences are shown beside it, and none of them reorders the list.

Thimania is free to use. Rankings follow the fees we checked, never who pays us. Any link to a provider is on its profile, where we say whether we earn from it.

Squad alternatives in Nigeria for a payment of ₦10,000 at the standard rate

5 gateways with a verified fee for it, cheapest first. All payment gateways in Nigeria.

Fee on a payment of ₦10,000 at the standard rate in Nigeria, cheapest first. Gateway names stay in view while you scroll sideways.
Gateway Fee on ₦10,000 lower is better Settlement time Checked
1. Squad Comparing from ₦120 Best 1 day 22 Oct 2026 Provider fee page
2. Interswitch ₦150 1 day 25 Oct 2026 Quickteller Business pricing
2. Monnify ₦150 Not yet verified 22 Oct 2026 Provider fee page
4. Flutterwave ₦200 1 day 22 Oct 2026 Provider fee page
5. Paystack ₦250 1 day 22 Oct 2026 Provider fee page

Not ranked for this payment, because we have no verified fee for it: Kora, Mono.

How we compared them

A fair comparison needs the same payment, so each gateway is priced for exactly the kind of payment and amount in the heading, from the rate it publishes for it. The fee is calculated from that rate, including any fixed fee, minimum or cap. It leaves out VAT and other taxes, setup and monthly fees, payout charges and rates negotiated for large merchants, so check those before you sign up.

Questions people ask

What is the cheapest Squad alternative for a payment of ₦10,000 at the standard rate in Nigeria?

Interswitch and Monnify. Each charges ₦150, against ₦120 at Squad (checked 22 Oct 2026).

Are these Squad alternatives licensed?

2 of 4 are shown as authorised or registered by their regulator. Each profile lists the regulator and licence status so you can check it yourself.