MAJOR INTERNET PAYMENT GATEWAYS AND PROCESSORS AVAILABLE TO THE AFRICAN NETPRENEUR

One of the most discussed topics at online forums by African internet business practitioners is the issue of how to pay and be paid for services on the internet. Many have often lamented that they have no effective ways of paying for products online, while many have also lamented the fact that they have no effective way of receiving money from the world-wide web for their products and services Often times, these complainants in Africa often single out major merchant payment sites like PayPal as proof of the fact that most countries in Africa are not allowed to access PayPal. This discussion has even got to the point where many Africans now feel there is no way they can be successful online without having a PayPal account. Yet, nothing can be further from the truth!

Now, while there may be some valid points to the issues of inaccessibility of PayPal, I think the seriousness of the matter is over flogged. There are many other payment gateways and merchant accounts that are available to service the African Netpreneur even if PayPal does not like them. I strongly believe it is counter-productive to focus on the payment problems with PayPal. It prevents us from focusing on solutions that are right under your nose. I think it is time that African Netpreneurs, and those who want do internet business with Africa, stop whining about what they could not get, and instead start using what is available to them Yes, PayPal may be huge but it is by no means the be-all, do-all of internet payments and receipts. Far from it. As a matter of fact, the trend among super gurus is to actually move AWAY from using PayPal because of their increasing difficult operational conditions. It is also a true fact that there are very similar portals out there (and some are even better!). Here are 25 of some of the most important payment gateways that I was able to discover online during my research for this African Internet Business Manifesto, with payment services extending to many countries in Africa. Check them out and see how they can be utilized for payment processing for your African business.

1. PAYZA.COM (FORMERLY CALLED ‘ALERTPAY’)
Payza is a leading global online payment platform that specializes in e-commerce processing, corporate disbursements, and remittances for individuals and businesses around the world. With over 9 million members, Payza offers its services in 197 countries and in 21 different currencies. Most African countries are allowed to use Payza. Payza and affords you the ability to receive payments not just from account holders but also from credit card holders who may want to pay you with their credit cards. The e-wallet feature on Payza provides members worldwide with convenient and flexible loading and withdrawal options, such as localized bank transfers, global bank wires, credit/debit card, checks, prepaid cards, among others. In addition, Payza offers foreign exchange services, fraud screening services, email invoicing, mass and single remittances and business management tools. Payza also provides under-serviced and emerging markets with an affordable and convenient way to receive international payments

2. 2CHECKOUT.COM (2CO) (PAYONEER MASTERCARD) 2CO is the authorized reseller for thousands of tangible or digital products and services. Established in 2000 and headquartered in Columbus, Ohio, 2CO provides turnkey e-commerce solutions to thousands of business customers around the world. 2CO’s supports back-office functions including financial reporting, tracking, fraud prevention, affiliate tracking, customer service and sales tracking.
2Checkout’s online processing provides your business the ability to accept payments from customers in over 200 countries including most African countries. Their customized checkout pages allow your customers to make purchases in any of 8 payment methods, 15 languages, and 26 currencies. Customers can checkout in 15 different languages and it supports multiple Currency Options.
You can get paid in dozens of currencies and multiple methods including, Electronic Funds Transfer that goes directly to your bank accounts, international Wire Transfer, or a 2Checkout branded Payoneer MasterCard.

3. ETRANZACT.COM eTranzact is Nigeria’s first award winning multiapplication and multi-channel electronic transaction switching and payment processing platform. eTranzact has operations in Nigeria, Ghana, Kenya, Zimbabwe, Cote d’Ivoire, and UK and is currently expanding operations to more and more countries in the world. eTranzact has evolved into a brand with global reach. eTranzact offers payment solution platforms and easy payment channels to its numerous customers while providing security, convenience and affordability.

4. INTERSWITCHNG.COM
Interswitch has a secure, reliable, and scalable platform for electronic transaction processing in a multiinstitution, multi-functional, Online/Offline environment. Their systems accept transactions from a diverse range of delivery payment channels. The Interswitch Electronic Funds Transfer (EFT) switching application supports major networks including Verve, MasterCard, and China Union Pay, besides other proprietary networks. Interswitch currently offers 3 Internet Payment options: Paydirect (web with reporting); Paydirect (web without reporting); and Quickteller

5. VOGUEPAY.COM Voguepay is a unique online payment processor whose vision is to offer buyers and sellers a secure and easy-touse means of transacting business online. VoguePay allows site owners to receive payment for their goods and services on their website without any setup fee.
VoguePay distinguishes itself from other online payment processors with its array of features that are guided by its core values: Security; User Friendliness and Reliability VoguePay aims at continuous improvement of its services and consistent introduction of new value adding features and maintenance/upgrading of existing ones.

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