Essential Guides to Use Paystack
How to use Paystack | How does it works |Paystack App.
Hello! Everything you need to know about Paystack Payment Service Gateway has been discussed in this article.
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So sit back and enjoy your reading on how to use Paystack.
What is Paystack?
Paystack is a payment gateway that allows merchants and e-commerce owners to collect payments from customers through different payment methods, including debit/credit cards, mobile wallets, bank accounts, QR codes, USSD, and many more.
About Paystack
PayStack is one of the most recommended and top payment gateways in Nigeria and a few other African countries, for merchants and online vendors.
It offers a secure and fast services that aims to make online payments very fast and hassle-free for businesses, individual and customers.
The parent company of this payment gateway is Paystack Payment Limited and it's headquartered in 126, Joel Ogunnaike Street, Ikeja GRA, 101233, Lagos Nigeria.
Paystack was co-founded by two entrepreneur, Shola Akinlade and Ezra Olubi. Shola Akinlade is a software engineer and CEO of Paystack.
How does it works?
Paystack works in the sense that allows you to integrate different payment methods to your online store or website through it powerful API.
Through the integrated API, payment options like debit/credit cards, mobile wallets, bank accounts, QR codes, USSD etc will be implemented for your customers to be able to make payment for products ordered from your e-commerce.
Is Paystack Legit and Secure?
Yes! Paystack is a secure payment gateway for businesess and large organizations. It uses a Payment Card Industry Data Security Standard system (PCI DSS) to protect credit/debit card payment.
Paystack systems are audited by a Qualified Security Accessor and all activity is processed through HTTPS using TLS 1.2 (Transport Layer Security).
Many companies uses Paystack to process their payment pages and none of them have claimed that they been scammed.
Supported Countries in Africa
Currently, Paystack operate or is available in three (3) African countries and making plans to extend to more countries in the world.
However, Paystack currently works in Nigeria (NGN), Ghana (GHS) and South Africa (ZAR).
Paystack Head Offices
Currently, Paystack have headquarter in four (4) countries/locations.
- Nigeria: 126 Joel Ogunnaike Street, Ikeja GRA, 101233, Ikeja, Lagos, Nigeria.
- Ghana: AfricaWorks, 35 Patrice Lumumba Road, Airport Residential Area, Accra, Ghana.
- South Africa: House of Elkay, (4th Floor), 186 Loop St, Cape Town City Centre, Cape Town, 8001, South Africa.
- United States (USA): 354 Oyster Point Blvd., South San Francisco, CA 94080, United States.
Those addresses list above are physical location of Paystack Payment Limited in San Francisco (United States of America), Lagos (Nigeria), Accra (Ghana) and Cape Town (South Africa).
Paystack Customer Care Contact Information
To get in touch with Paystack customer care service, use any of the below medium to contact Paystack.
- Paystack Contact-us Page: paystack.com/contact/support
- Contact Email: hello@paystack.com
- Call: +23416316160
Social Media Pages
Listed above are the contact information to get in touch with Paystack.
Now, that you've known everything about Paystack Payment Limited, let dive into how to use Paystack.
How to create a Paystack Account.
To open a Paystack Account is very easy. All you need to do is download Paystack Mobile App and proceed with the account opening.
For laptop and computers, you can visit this page to create your account. However, how to download paystack app will be discuss below. So keep reading.
Do not that your business information and documents will be required to complete your Paystack Account Creation. Also, you personal information such as full names, valid email address and phone will be required too.
For more support on how to create a paystack account, visit this page.
Download Paystack App
To download Paystack Mobile App, for Android users, visit Google Play Store and for iPhone users, here's the link to iOS app store.
Paystack app is a merchant app that can be used to manage and monitor your account dashboard from your smartphone.
It's advisable to use paystack app even if you're on desktop because you may be out and want to quickly access your dashboard.
How to Fund Paystack Account
Paystack collect payment from merchants website which can later be deposited into the merchant local bank account.
Same thing is applicable to adding money into your paystack account which can be used send payment/money to other users, businesess, local bank, mobile money etc.
So, in this section, I will be discussing how to fund your account and how to send/transfer money from your paystack account.
How to Add Money to your Paystack Account.
Follow the below step-by-steps instructions to add money to your paystack wallet.
- Login to your paystack account dashboard
- Click on 'balance'
- Click on 'Topup' button
- Enter the amount you wish to deposit and tap 'Topup'
- Choose your payment method and click continue
- Follow the prompts to complete your transactions.
Do not that you will see many payment options and your country currency will determine the options that will be available for you.
How to Transfer Money to Bank Account
This section explains how you can send money from your paystack account to your local bank account. Follow the below instructions to transfer funds;
- Login to your account dashboard
- Click on 'New Transfer' button
- Select which of your wallet you want to transfer from
- Input amount you wish to transfer
- From the drop-down option, choose recipient bank name
- Next, input recipient account number
- The platform will check the account details for correction
- Input recipient email address
- Write a short description and input your desire reference code.
- Now, click on 'start Transfer'
- Input your passcode to complete the transaction.
Paystack Transactions Charges and Fees
This section discuss paystack transactions charges and fees that will be deducted if certain transactions are completed.
Here, I will be talking more minimum and maximum amount that can be transfer on paystack and charges per transaction.
Paystack Limitations
- Nigeria: minimum transfer amount of NGN50 and maximum of NGN10,000,000
- South Africa: ZAR 1 and ZAR 1,000,000 respectively
- Ghana: GHS 10 and GHS 50,000 respectively.
Listed above are the minimum and maximum amount that can be transfer on paystack per day.
Paystack Charges and Service Fees
Nigeria
- Amount: Transfers of NGN 5,000 and belowTransfers between NGN 5,001 and NGN 50,000Transfers above NGN 50,000
- Fees: NGN 10 per transferNGN 25 per transferNGN 50 per transfer
Ghana
- Fees: GHS 10 per transfer
South Africa
- Fees: ZAR 3 per transfer (either fail or successful)
