Nomba charges a variable fee per transaction, depending on the currency involved. For transactions processed through Nomba Checkout, the fee structure is distinct for local Naira transactions and international transactions.
Nomba Transaction Fees Overview
Nomba implements a straightforward fee model for its online payment processing services. This model is designed to cover the costs associated with securely processing different types of financial transactions.
Here's a breakdown of the transaction fees:
- Naira Transactions: A fee of 1.4% is applied to all local transactions processed in Nigerian Naira.
- International Transactions: For transactions involving international payments, a fee of 3.6% is charged.
These fees are specifically for checkout processing, which facilitates seamless online payments for businesses.
Understanding Nomba Checkout Fees
To provide clarity, the fees can be summarized in the following table:
| Transaction Type | Fee Percentage |
|---|---|
| Naira Transactions | 1.4% |
| International Transactions | 3.6% |
This structure ensures that businesses utilizing Nomba's payment gateway services, such as Nomba Checkout, are aware of the costs associated with processing customer payments, whether local or global. The variable nature of the fee means the charge scales with the transaction amount, making it a predictable expense for businesses managing their online sales.
