How a Nigerian E-Commerce Store Uses TransFi + Stablecoins to Accept Global Payments

8 Min

July 22, 2025

In Nigeria, online merchants face significant barriers when it comes to receiving international payments—delays, high fees, and limited access to global banking networks. For one Lagos-based e-commerce store, these issues were directly impacting revenue and growth.

This store found a breakthrough by integrating TransFi, enabling it to accept stablecoins like USDT and USDC from customers around the world. Here’s how it unlocked borderless payments using crypto in Nigeria, and what that means for the future of African e-commerce.

The Problem: Outdated Cross-Border Payment Options

Like many Nigerian online retailers, the store had a steady flow of overseas interest—especially from diaspora buyers and international customers looking for authentic African goods.

But accepting global payments wasn’t easy:

  • High fees from traditional payment processors like PayPal or SWIFT
  • Delays of 3–5 business days for payment clearance
  • Chargeback risks and settlement challenges
  • Limited support for Naira conversions from foreign currency

These hurdles were costing the business both time and customers. It needed a faster, more accessible way to receive international payments—without building costly infrastructure from scratch.

The Solution: TransFi + Stablecoins for Global Checkout

The store turned to TransFi, a plug-and-play solution for crypto payment integration. Within a day, it enabled support for stablecoin payments in Nigeria through USDC and USDT across multiple blockchains.

Key Implementation Features:

  • API or no-code widget for quick checkout setup
  • Support for Polygon, Ethereum, and Solana networks
  • Automatic conversion from stablecoins to Naira
  • Dashboard access for real-time payment tracking and reconciliation
  • Compatibility with mobile-friendly Web3 wallets like MetaMask and Trust Wallet

Why Stablecoins Work for Nigerian E-Commerce

Stablecoins like USDC and USDT offer the perfect balance of speed, stability, and accessibility. Unlike volatile cryptocurrencies, they maintain a 1:1 peg to the US dollar, making them ideal for cross-border commerce.

Benefits of Stablecoins for Nigerian Merchants:

  • No price fluctuation risk during transactions
  • Instant settlement, usually under 60 seconds
  • Accessible to buyers worldwide via local payment rails
  • Lower fees than credit cards or PayPal
  • Seamless integration with Web3 wallets and crypto platforms

By adopting stablecoin checkout, the store positioned itself as a future-ready e-commerce brand, serving global customers without the friction of legacy finance.

Real-World Impact

In just the first 30 days after integrating TransFi:

  • 15% of orders came through stablecoin payments
  • Average checkout time dropped from 3 minutes to 45 seconds
  • Zero failed international payments
  • New customers from the U.S., U.K., and South Africa used crypto to pay
  • Full integration and testing took less than 24 hours

The store was now fully equipped to accept global payments in Nigeria—and future-proofed for a growing wave of Web3 commerce.

How TransFi Helped Simplify the Setup

Unlike traditional payment integrations, TransFi required no complex banking arrangements or lengthy KYC for the business.

Steps:
  1. The merchant signed up on transfi.com
  2. Chose stablecoins to accept (USDT, USDC)
  3. Connected a crypto wallet to receive funds
  4. Embedded the checkout widget into their site
  5. Started accepting payments globally the same day

With zero-code deployment options, it was accessible even for a small team without developer resources.

The Bigger Picture: Crypto Payments in African E-Commerce

As African merchants look to expand globally, stablecoin payments present a powerful alternative to outdated systems. For Nigerian e-commerce platforms:

  • Reduced reliance on SWIFT and Visa rails
  • Access to a growing Web3 customer base
  • Instant borderless payments with full control
  • A hedge against currency volatility and banking limits

With partners like TransFi, local businesses are turning into global brands—one stablecoin payment at a time.

Also read: Stablecoin Payments in Angola: From Kwanza to USDC – A Shift in Retail and P2P Finance

Final Thoughts

This Nigerian e-commerce store's success is just one example of how crypto infrastructure is reshaping the retail experience across Africa. Whether you're a merchant, marketplace, or digital entrepreneur, TransFi enables borderless commerce without the complexity.

To explore how you can enable stablecoin payments in Nigeria, visit www.transfi.com.

Frequently Asked Questions

Can any Nigerian business use TransFi for crypto payments?
Yes, TransFi supports verified Nigerian merchants, including SMEs, retailers, and digital product sellers.

Which stablecoins are supported for payments?
Currently, TransFi supports USDC and USDT across chains like Ethereum, Polygon, Solana, and more.

Do I need to hold crypto to use TransFi?
No. You can choose to automatically convert incoming stablecoins to NGN (Naira) and withdraw via local bank rails.

What are the fees?
Fees are significantly lower than traditional processors. Exact rates depend on transaction volume and chain used.

How long does integration take?
Integration can be completed in under a day, either via API or by embedding TransFi’s checkout widget.

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