We are using a payment service provider Paystack and so, the transaction fees are coming from their pricelist which is accessible here.
According to Paystack, the fee is calculated as follows:
For Local Transactions
1.5% + NGN 100
- ₦100 fee waived for transactions under ₦2500
- Local transactions fees are capped at ₦2000, meaning that’s the absolute maximum you’ll ever pay in fees per
For withdrawals consider:
Transfers between NGN 5,001 and NGN 50,000 — NGN 25 per Transfer
Transfers above NGN 50,000 — NGN 50 per Transfer