# Monnify

> Monnify is Nigeria's leading payment gateway, built by Moniepoint. It enables businesses of all sizes to accept payments via bank transfer, cards (Visa, Mastercard, Verve), USSD, and Moniepoint agent cash collection — and to send payouts to any Nigerian bank account. Founded in 2019 as the first Nigerian payment gateway to introduce virtual accounts, Monnify now serves over 200,000 businesses including startups, SMEs, enterprises, nonprofits, and government organisations.

## Products

- [Accept Payments](https://monnify.com/products/accept-payments): Unified checkout supporting bank transfer, cards, USSD, and phone number payments. Includes payment links, virtual/reserved accounts, direct debit mandates, and invoicing.
- [Payouts](https://monnify.com/products/payouts): Send funds to any Nigerian bank account via single transfers, bulk batch payouts (up to 5,000 recipients), or Paycode for offline cash disbursements at Moniepoint agent locations.
- [Bills Payment](https://monnify.com/products/bills-payment): Pay electricity, cable TV, airtime, data, betting, and education bills via API.
- [Verification Services](https://monnify.com/products/verification-service): BVN verification, NIN verification, and bank account name enquiry APIs for KYC and fraud prevention.
- [Offline Collection](https://monnify.com/products/offline-collection): Accept cash payments at any Moniepoint agent location nationwide.

## Pricing & Settlement

- Transaction fee: 1.5% per transaction, capped at ₦2,000. No setup fees, no maintenance fees.
- Default settlement: Account transfers settle same day at 10:00 PM; cards, USSD, and phone number settle next business day at 10:00 PM.
- Express Settlement: On-demand settlement available to all merchants, up to 3 times per day, no extra charge. Minimum ₦5,000.
- Coverage: Nigeria only. No international transactions currently.

## Use Cases

- [Marketplaces](https://monnify.com/use-cases/marketplaces): Split payments across vendors automatically.
- [E-commerce](https://monnify.com/use-cases/e-commerce): Accept payments from customers with multiple payment methods.
- [Fintech & Wallets](https://monnify.com/use-cases/fintech): Create and manage customer wallets linked to Moniepoint bank accounts.
- [Lending](https://monnify.com/use-cases/lending): Disburse loans and collect repayments via direct debit mandates.
- [Logistics](https://monnify.com/use-cases/logistics): Pay riders and agents via Paycode or bulk transfers.

## Key URLs

- Sign up free: https://app.monnify.com
- API documentation: https://developers.monnify.com
- Knowledge base / Support: https://support.monnify.com
- Dashboard: https://app.monnify.com
- Sandbox environment: https://sandbox.monnify.com
- Blog: https://monnify.com/blog
- FAQs: https://monnify.com/faqs
- Pricing: https://monnify.com/pricing

## Support Contacts

- Integration & API support: integration-support@monnify.com
- Onboarding & KYC: onboarding-support@monnify.com
- Settlement issues: settlement@monnify.com
- Live technical support: tech-support@monnify.com
- Sales & partnerships: sales@monnify.com
- General enquiries: support@monnify.com

## Blog

The Monnify blog publishes product updates, press releases, industry insights, and guides for businesses and developers building payment experiences in Nigeria.

- Blog index: https://monnify.com/blog

## Optional

- Sitemap: https://monnify.com/sitemap.xml
- Robots: https://monnify.com/robots.txt