How much do you pay per transaction? No hidden fees.
Every fee charged is clearly logged on your Dashboard for transparency and easy reconciliation.
Business Bank Account
A bank account that grows with you.
Business account creation
No setup fees or verification fees for a business account
Free
Bank credits and transfers-in
Accept payments via bank transfer into your account. A mandatory stamp duty of NGN 50 is deducted on all deposits over NGN 10,000.
Free
Account maintenance
Zero maintenance fees.
Free
Generate account statement
Get records of all transactions on your account at zero cost.
Free
Transfers
Send money to any bank account in Nigeria via bank transfer.
NGN 5,000 and below
NGN 10
NGN 5,001 - NGN 50,000
NGN 25
NGN 50,000 and above
NGN 50
Generate account statement
Get records of all transactions on your account at zero cost.
Free
Important to Note:
Custom pricing will be made available to businesses with large-volume or high-value transactions. Contact help@blochq.io to discuss with our Sales team.
Accept Payments
Process online and in-person payments with the Bloc suite of payment tools.
Payment link creation
Set up a new payment link in less than 2 minutes and publish for the world to pay you.
Free
Accepting payments (cards, Thepeer)
For cards and Thepeer, you cover the provider fee plus a flat rate of NGN 30 per transaction. If transaction amount is less than NGN 2,500, we charge only 1% instead.
1.5% + NGN 100
Accepting payments (bank transfer)
Reliably accept payments online via Bloc’s bank transfer
1% capped at NGN 500
POS Terminals
How much it costs to charge a card with your POS device.
0.6% capped at NGN 2,000
Corporate Cards (NGN)
Make payments online with your Naira card powered by Verve.
Card creation
Instantly own a Naira card in less than 2 minutes.
NGN 100
Request a physical card
Get a physical card delivered to a location of your choosing — coming soon.
NGN 2,000
Transaction and authorization fees
How much it costs per transaction when you use an NGN virtual card online.
NGN 10
ATM withdrawals
How much it costs to use our physical cards on an ATM
NGN 65
Card funding
Top up your card to continue spending.
Free
Card maintenance
Deducted from your main account balance every month per card created.
NGN 25
Disputes & chargeback handling
How much it costs to resolve a complaint about a card payment you made online.
NGN 150
Corporate Cards (USD)
Make payments online with your Dollar card powered by Mastercard.
Card creation
Instantly own a Dollar card in less than 2 minutes.
$1.50
Transaction and authorization fees
How much it costs per transaction when you use a USD virtual card online.
Free
Card funding
Top up your card to continue spending.
2% + $1.00
Card maintenance
Deducted from your main account balance every month per card created.
Free
Disputes & chargeback handling
How much it costs to resolve a complaint about a card payment you made online.
$50
Bills Payment
Up to 3% cashback on all bills paid with Bloc — airtime, data, electricity and television. We don’t deduct this from your balance, instead we pay you.
EEDC - Non MD
Enugu Electricity Distribution Company
3% (capped at NGN 3,000)
EEDC - MD
Enugu Electricity Distribution Company
0.7% (capped at NGN 2,000)
APLE - Non MD
Aba Integrated Power Project
2.6% (capped at NGN 3,000)
APLE - MD
Aba Integrated Power Project
0.7% (capped at NGN 2,000)
JEDC - CEL
Jos Electricity Distribution Company
1.7%
JEDC - AES
Jos Electricity Distribution Company
1.7%
EKEDC
Eko Electricity Distribution Company
1.7% (capped at NGN 1,500)
AEDC
Abuja Electricity Distribution Company
1.5% (capped at NGN 1,000)
IBEDC
Ibadan Electricity Distribution Company
0.6%
IKEDC
Ikeja Electricity Distribution Company
0.8%
KEDCO - Non MD
Kano Electricity Distribution Company
1.7%
KEDCO - MD
Kano Electricity Distribution Company
0.7%
KAEDC
Kaduna Electricity Distribution Company
1.2%
DSTV & GOTV
TV Subscription
2.2%
StarTimes
TV Subscription
2.2%
MTN, Airtel, 9Mobile, GLO
Airtime & Data
2.5%
Important to Note:
MD means Maximum Demand, and it refers industrial power consumption by large companies/factories. Non-MD means Non Maximum Demand, and it refers to regular household power consumption.
Questions & Answers
Does the API pricing also apply to my day-to-day banking on Bloc?
No, it doesn’t. The API pricing only applies to all actions performed via the Bloc API. For example, creating a corporate card on the Bloc Dashboard for your business is different from issuing a virtual card to your customer via the API, and the transaction fees are different too.
Why are you charging per transaction when we pay a monthly fee?
The monthly fee gives you access to our growing suite of product features on the Bloc app, while the transaction fees are deducted per successful transaction.
I do a lot of transactions. This pricing is too high for me.
Please contact us at help@blochq.io to discuss custom pricing for your organization.
Are these transaction fees the same for all plans?
Yes, they are, except when otherwise stated (e.g. bills payment cashback).
Where are the fees deducted from?
We debit all fees from the main account balance regardless of what service you’re using at the time.
What happens when I don’t have enough money in my main account balance?
If you don’t have enough money in your main account balance, the transaction will not be completed, and will subsequently fail.
Do you refund transaction fees for failed transactions?
Yes, we do. When a transaction fails due to unforeseen error, we immediately refund any fee deducted to your main account balance immediately.
I don’t understand payment links transaction fees.
Our payment links checkout offers 3 main payment methods — card, bank transfer and wallet by Thepeer. Card is powered by Paystack and Wallet is powered by Thepeer — to successfully process transactions via these two methods, we charge the resulting fees from each of these providers plus a NGN 30 flat fee. However, bank transfer is powered by the Bloc infrastructure, and we charge a 1% fee capped at 500 per transaction.
Start with a Bloc business account.
Whether you need simple banking and payment features or advanced functionalities, Bloc offers simple and reliable banking services as you scale.