Fees & Pricing
PayLock charges a simple, transparent platform fee on every successful transaction.
Platform Fee
1.5% + ₦100
per transaction (deducted from the Buyer’s payment)
Examples
| Transaction Amount | Platform Fee | Seller Receives |
|---|---|---|
| ₦20,000 | ₦400 (1.5% + ₦100) | ₦19,600 |
| ₦50,000 | ₦850 | ₦49,150 |
| ₦100,000 | ₦1,600 | ₦98,400 |
| ₦500,000 | ₦7,600 | ₦492,400 |
No Hidden Fees
- No registration or monthly subscription fee
- No charge for opening/closing disputes
- No withdrawal fee when funds are released to seller
- Paystack’s standard transaction fees may apply separately (shown during payment)
Fees are subject to change with or without notice via email and website update.