specification: API Commons Plans
specificationVersion: '0.1'
schema: https://raw.githubusercontent.com/api-evangelist/interface-research/main/schema/api-commons.yml#/$defs/Plans
provider: Interswitch
providerId: interswitch
created: '2026-05-24'
modified: '2026-05-24'
reconciled: false
tags:
  - Payments
  - Quickteller Business
  - Verve
  - Africa
description: |
  Public Interswitch / Quickteller Business pricing is negotiated at sign-up.
  Headline rails — Webpay / Web Checkout card collection, Quickteller transfers,
  Bills Payment, and Paycode — carry the regulated CBN merchant service charge
  (currently capped at 0.5% with a NGN 1,000 cap for local card transactions
  under the CBN Guide to Charges) plus a small per-transaction interchange and
  switching fee. International card collection (Visa / Mastercard) is charged
  at higher rates (typically 3.0%–3.8% + processor fees). Confirm exact rates
  with your Interswitch relationship manager before going live.
sources:
  - https://www.interswitchgroup.com
  - https://docs.interswitchgroup.com/docs/home
  - https://www.cbn.gov.ng/Out/2020/CCD/Guide%20to%20Charges%20by%20Banks,%20OFIs%20and%20NBFI.pdf
plans:
  - id: interswitch-webpay-local
    name: Web Checkout — Local Cards
    type: usage-based
    description: Card collection via Web Checkout / Webpay for Verve, Visa, and Mastercard issued by Nigerian banks.
    entries:
      - label: Local card transaction fee
        name: local_card_fee
        type: metered
        metric: transaction
        limit: -1
        timeFrame: usage
        geo: NG
        unit: 1
        price: '0.50'
        priceUnit: percent
        cap: '1000'
        capCurrency: NGN
        description: 0.5% of transaction amount, capped at NGN 1,000 per CBN Guide to Charges.
        userMultiplied: false
  - id: interswitch-webpay-international
    name: Web Checkout — International Cards
    type: usage-based
    description: Visa and Mastercard issued outside Nigeria; rates set per merchant agreement.
    entries:
      - label: International card transaction fee
        name: intl_card_fee
        type: metered
        metric: transaction
        limit: -1
        timeFrame: usage
        geo: global
        unit: 1
        price: '3.00'
        priceUnit: percent
        description: Indicative 3.0%–3.8% + fixed processor fee; negotiated per merchant.
        userMultiplied: false
  - id: interswitch-transfers
    name: Quickteller Transfers
    type: usage-based
    description: NIBSS-rail single and bulk transfers to Nigerian bank accounts.
    entries:
      - label: NIP transfer fee (<= NGN 5,000)
        name: nip_low
        type: metered
        metric: transfer
        limit: -1
        timeFrame: usage
        geo: NG
        unit: 1
        price: '10.00'
        priceUnit: NGN
        description: Indicative CBN-regulated NIP fee for transfers up to NGN 5,000.
      - label: NIP transfer fee (NGN 5,001–50,000)
        name: nip_mid
        type: metered
        metric: transfer
        limit: -1
        timeFrame: usage
        geo: NG
        unit: 1
        price: '25.00'
        priceUnit: NGN
      - label: NIP transfer fee (> NGN 50,000)
        name: nip_high
        type: metered
        metric: transfer
        limit: -1
        timeFrame: usage
        geo: NG
        unit: 1
        price: '50.00'
        priceUnit: NGN
  - id: interswitch-bills
    name: Bills Payment
    type: usage-based
    description: Per-transaction switching fee on Quickteller bill payments. Specific fees vary by biller and category.
    entries:
      - label: Bill payment switching fee
        name: bill_fee
        type: metered
        metric: transaction
        limit: -1
        timeFrame: usage
        geo: NG
        unit: 1
        price: 'Custom'
        description: Per-biller fee set by Interswitch and the biller; negotiated per merchant.
  - id: interswitch-paycode
    name: Paycode (Cardless)
    type: usage-based
    description: Cardless ATM withdrawal and merchant tokens. Per-token fee negotiated with Interswitch.
    entries:
      - label: Paycode token fee
        name: paycode_fee
        type: metered
        metric: token
        limit: -1
        timeFrame: usage
        geo: NG
        unit: 1
        price: 'Custom'
        description: Per-token surcharge defined by the issuing partner.