Important Note: Bills Payment is currently available via API integration only. See the Bills Payment Developer Documentation for the required endpoints and payloads.

Want to turn your platform into a one-stop shop? The Monnify Bills Payment feature allows you to seamlessly sell essential day-to-day services directly from your app or website.

Rather than managing individual contracts with dozens of different service providers (like MTN, DSTV, or IKEDC), Monnify acts as your single aggregator. You can process these bills using the exact Monnify account and wallet you already use for collections and payouts.

Services You Can Sell

Once activated, you can offer a wide range of bill payment options to your users, including:

1. Electricity: Prepaid and Postpaid meters
2. Cable TV: DSTV, GOTV, StarTimes, etc.
3. Airtime & Data Bundles
4. Education: E.g., WAEC or JAMB pins

How You Make Money: The Settlement & Commission Process

Monnify operates on a Commission (or Cashback) model. You earn a commission for every successful bill you sell.

To make reconciliation perfectly clear on your dashboard, we process your settlement instantly through a two-step "Debit and Credit" movement:

1. Gross Debit: First, your Monnify wallet is debited for the full cost of the bill (the "Vend Amount" + any applicable merchant fees).
2. Commission Credit : Immediately after, your wallet is credited with your earned commission. This represents your instant profit.

Note: Commission rates vary depending on the specific service provider and product

Example:

Imagine your customer buys a ₦5,000 data bundle, and your commission on that product is ₦500.

1. Step 1: Your Monnify wallet is debited ₦5,000.
2. Step 2: Your Monnify wallet is instantly credited ₦500.
3. Result: The final net cost to your business is exactly ₦4,500, while your customer gets their ₦5,000 data.

Terms to Note In the Bills Payment Service

1. Vend Amount: The base amount of the transaction. This is the exact, gross value of the service the customer is buying.
2. Merchant Fee: A fee charged by the aggregator to the merchant. This is only applicable to certain products; otherwise, it is set to zero.
3. Merchant Payable Amount: The total amount deducted from your wallet to process the service (Vend Amount + Merchant Fee).
4. Biller (Service Provider): The actual company providing the utility to the customer, such as MTN, DSTV, or Ikeja Electric.