Nigerian online payment solutions, which one to use?

As a growing online economy, Nigeria's ecommerce is still in it's infancy, and the scammers are not helping things.

There is still no universal online payment system and this is much needed for Internet startups and online retailers to make money and grow. This is a big limiting factor.

For Nigeria's Internet economy to have any significance to foreign investors and venture capital firms, they have to be able to generate some revenue. Where will the revenue come from if its not safe to buy or sell anything online. Something has to be done!

Anyways a few companies are trying to solve this problem, but is the online community with them?

Interswicth:- The biggest ATM/debit card provider in Nigeria. They are also in the e-payment, online payment business. The users may be a bit more comfortable with this service and it can easily claim being the biggest online payment service because of its large number of ATM card users due to their e-banking contarcts with so many banks in the country. The startup cost for websites here is around 150,000 Naira.

Fastecash:- This service is very similar to paypal, users make bank deposits to fastecash's bank account and their online account is credited which they can use to pay for goods and services on websites registered to the service, users can also apply for credit cards so they can pay for the services they buy in dollars from international websites.

NetNaira:- This service claims to have more than 15,000 members. Registered members can use ATMs to load their online accounts and pay for goods and services on Nigerian sites that are registered with NetNaira.