Every business needs a seamless way to receive payments from customers. Hence, online payment gateways are most suitable to perform this task. PayStack is a payment platform that allows you to receive payments without any hassle. Basically, this platform facilitates an easy and seamless payment process for both you and your customer.
An Overview of PayStack
PayStack is a digital payment gateway that makes it easy for businesses to receive online payments from their customers. Basically, this platform enables individuals and businesses to accept payments easily.
The privately-owned company was launched in 2015. However, its product became ready for the public in 2016. With this payment platform, brands can receive payments across Africa. Also, entrepreneurs who are seeking to grow their businesses can achieve this by accepting local and international payments seamlessly. However, they are limited to local payment and do not process foreign remittance at the time of this writing.
What Products does PayStack offer?
Basically, this platform primarily enables individuals and businesses to receive payments online. This can be done through websites, payment links, online stores, as well as invoices. All you need to do is just integrate paystack into your website and start receiving payments seamlessly. Your customers can pay you through their Bank Account, Card, USSD, Bank Transfer, Visa QR, as well as Mobile Money.
Also, this platform allows you to access other services like:
1. Make instant transfers
2. Know how your business is performing by providing you with detailed reports and alerts
3. Super easy reconciliation
4. Recover all your transaction and customer data
5. Verify the identity of your customers, get customer insights, and many more.
To get a full list of the services this platform provides, you can visit their official website and check it out.
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How can I register on PayStack?
Basically you can register on this platform via their mobile app or web platform. To register via their web platform, follow these steps:
1. Go to their official web platform. You can get a direct link to their web platform below.
2. Next, go to the menu and click “Create Free Account”.
3. Thereafter, fill in your basic details then click on “Create My Account” once you are done.
To register via the mobile app, just download the app through the Play Store or App Store and create a free account.
What documents do I need to register on PayStack?
To register for free on this platform, you need your business name, country, first name, last name, email address, and phone number.
How safe is PayStack?
This platform is a very secure payment gateway. Basically, this payment platform utilizes a token system. This system generates public and private keys to protect every payment that occurs through the platform. Also, the platform has implemented other sensitive security measures to ensure that it is safe.
What is the transaction fee on PayStack?
This platform charges you a transaction fee of 1.5% of every transaction that occurs. Also, they subtract a token of ₦100 on local cards. As for international cards, the platform charges 3.9% + a token of ₦100. However, if your transaction is less than ₦2500, you will not be charged the ₦100 fee. The Cards supported on this platform include Visa, MasterCard, and Verve.
How can I download the PayStack app?
Here’s how you can download this app:
1. Open the Google Play Store app you can find on your android device. Open the App Store if you use an iPhone.
2. Next, search for “PayStack”
3. Download the app and create a free account.
How can I contact PayStack?
Here are the ways you can contact PayStack:
Address: 126 Joel Ogunnaike Street, Ikeja GRA, Ikeja, Lagos, Nigeria
Phone Number: +234 163 16160
Email Address: hello@paystack.com
Website: www.paystack.com
Bottom Line
PayStack is primarily an online payment gateway that enables businesses to accept payments digitally. Also, this platform offers other services that aim to increase the growth and productivity of your business. Essentially, they help to make the payment process seamless for both you and your customers.
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