How Creators Get Paid in Nigeria: Fees & Payouts

Making the sale is only half the job. The other half is getting the money into your bank account safely and on time. Many Nigerian creators have been burned by fake transfer alerts, payments that "reversed", or platforms that hold money with no explanation.

This guide explains, step by step, what happens to your money when you sell online, using Koseisa as the example, so there are no surprises.

How your buyers pay

Buyers pay by card or bank transfer at checkout, through Paystack. You never have to confirm a transfer screenshot or check your bank app for an alert that may be fake. When the payment is confirmed, the buyer gets what they bought automatically: the download, the course, the booking or the ticket.

Buyers abroad can see prices in US dollars, and you're still paid in naira.

What fees come out

On Koseisa there's no listing fee and no fee to start. Koseisa takes a share only when you make a sale:

• Courses: 45%, so you keep 55%
• Everything else (digital products, consultations, event tickets and brand deals): 9%, so you keep 91%

The card processing fee is paid by the buyer at checkout, not by you.

Examples:

• Sell a ₦5,000 ebook, receive ₦4,550
• Sell a ₦20,000 course, receive ₦11,000

If you're on a paid plan (for more listings), that's a separate monthly subscription. The Free plan costs nothing.

Where the money goes: your wallet

Your share of every sale goes into your Koseisa wallet in naira, at the rate your buyer paid. Your dashboard shows each sale and what you earned from it.

Why earnings "clear" before you withdraw

New earnings clear after 4 days. That short wait means refunds and card disputes are settled before money leaves. It protects you too: without it, a buyer could pay, download, then reverse the card payment after you've already spent the money.

Brand deal earnings are different. They clear once the brand approves your work.

Withdrawing to your bank

Once your earnings have cleared, you can withdraw whenever you like, straight to your Nigerian bank account. The minimum is low (₦100 at the time of writing), and the small transfer fee is shown before you confirm, so you always know exactly what will land.

Verifying your identity (once)

To protect creators and buyers from fraud, you confirm your identity once, after your first sale:

• You verify with your National ID (NIN)
• Use the phone number you registered your NIN with. It helps the check go through faster
• Your bank account name must match the name on your ID

You only do this once.

Extra protection on payouts

• Your first payout is reviewed by Koseisa before it's sent
• A newly changed bank account waits 24 hours before it can be paid, so if someone ever got into your account, they couldn't quietly redirect your money

Tips for getting paid without delays

1. Verify your identity as soon as you make your first sale, not when you need the money urgently
2. Use a bank account in your own name, exactly as it appears on your ID
3. Keep your email and phone up to date so payout codes and alerts reach you
4. Don't change bank details right before you need to withdraw, because of the 24-hour wait

Ready to start earning?

Create your free creator page, or read more about plans and fees.