Flutterwave
Payment processing software
Enterprise payment software
Payment software
Accounting & finance software
- Features
- Ease of use
- Ease of management
- Quality of support
- Affordability
- Market presence
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Pay-as-you-go
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Free version
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- Agriculture, fishing, and forestry
- Retail and wholesale
- Arts, entertainment, and recreation
What is Flutterwave
Flutterwave is a payment processing platform that enables businesses to accept and send payments across multiple channels, including cards, bank transfers, and mobile money. It is used by online merchants, marketplaces, and enterprises that need to collect payments in multiple countries and currencies, with APIs and hosted checkout options. The product also supports payouts and settlement workflows intended for cross-border operations and local payment method coverage, particularly across African markets.
Broad local payment method coverage
Flutterwave supports multiple payment rails such as cards, bank transfers, and mobile money, which helps merchants serve customers who do not rely solely on card payments. This is particularly relevant for businesses operating across countries with different preferred payment methods. The platform’s focus on local rails can reduce the need to stitch together multiple providers for regional coverage.
APIs and hosted checkout options
Flutterwave provides developer-oriented APIs for integrating payments into web and mobile applications. For teams that want faster deployment, it also offers hosted checkout and payment links that reduce the amount of custom development required. This flexibility supports both product-led teams and non-technical business users managing simple payment collection workflows.
Payouts and settlement workflows
In addition to accepting payments, Flutterwave supports outbound transfers/payouts, which is useful for marketplaces, gig platforms, and businesses managing vendor disbursements. Centralizing pay-ins and pay-outs can simplify reconciliation and operational processes. These capabilities align with enterprise payment needs where funds movement is not limited to customer collections.
Geographic availability varies by market
Coverage and feature availability can differ by country due to local banking rails, licensing, and partner dependencies. Businesses expanding into new regions may need to validate supported payment methods, settlement currencies, and payout capabilities on a per-market basis. This can add planning overhead compared with solutions that have more uniform global coverage.
Compliance and risk requirements
Payment processors typically require KYC/KYB, transaction monitoring, and documentation that can be more involved for higher-risk categories or cross-border flows. Account reviews, limits, or additional verification steps can affect onboarding timelines and ongoing operations. Organizations should plan for internal compliance readiness and clear customer support processes for payment exceptions.
Not a full accounting system
While Flutterwave supports payment collection, payouts, and reporting, it does not replace core accounting functions such as general ledger, invoicing rules engines, or full financial close management. Many teams still need separate accounting or ERP software for bookkeeping, tax handling, and consolidated reporting. Integration work may be required to keep payment data synchronized with finance systems.
Plan & Pricing
Pricing model: Pay-as-you-go (per-transaction and per-transfer fees) Free tier/trial: Account creation is free (no setup or monthly subscription); no time-limited trial noted on official site.
Example costs (selected, from official Flutterwave pricing pages):
- United States (Collections): Local card transactions — 2.9% per transaction; International card transactions — 3.8% per transaction. (See country-specific page for US rates.)
- Nigeria (Collections): Local cards — 2.0% per transaction (1.4% transaction fee + 0.6% platform fee); International cards — 4.8% per transaction.
- Senegal (Collections): Local cards — 4.8% per transaction; Mobile money — 2.0% per transaction.
Transfers / Payouts (examples, varies by recipient country):
- USA bank account payout: USD 40 per transfer.
- SEPA bank transfer: EUR 35 per transfer.
- UK bank transfer: GBP 35 per transfer.
- Kenya bank transfer: KES 100 per transfer.
- Various African countries: mobile-money and bank transfer fees listed by country (percentages or fixed XOF/XAF/etc.).
Other notes & constraints:
- VAT and other applicable local taxes are added to transaction fees where applicable (Flutterwave documents VAT charging; example: 7.5% VAT applied to fees in some jurisdictions).
- Flutterwave states "Custom pricing is available to businesses with large-volume or high-value transactions" — contact sales for bespoke/volume pricing and enterprise agreements.
Discount options: Volume/commitment or custom enterprise pricing available via contact with sales (official site indicates custom pricing for large-volume merchants).
Key links (official Flutterwave site): Official pricing and support pages provide country-by-country transaction and transfer fees; see Flutterwave Pricing and Support pages for receiving payments, transfers/payouts, VAT, and account setup.
Seller details
Flutterwave Inc.
San Francisco, CA, USA
2016
Private
https://www.flutterwave.com
https://x.com/theflutterwave
https://www.linkedin.com/company/flutterwave/
