#Payment Service Provider

Paystack is a Nigeria-based online payment platform that facilitates online payments in Africa for businesses and individuals. It is known for its user-friendliness, advanced features, and easy integration into websites and mobile applications.

Payment methods N/A

Market coverage N/A
  • Nigeria

Paystack is an online payment platform based in Nigeria. It was founded in 2015 by Shola Akinlade and Ezra Olubi. The primary objective of Paystack is to make online payments easier for businesses and individuals in Africa.

Paystack offers a range of payment solutions, including debit and credit card payments, bank transfers, and mobile payments. The platform allows businesses to easily integrate payment functionality into their websites or mobile applications through user-friendly APIs.

One of Paystack’s main strengths is its user-friendliness and intuitive interface. It has been specifically designed to cater to the needs of African businesses, taking into account regional specifics and challenges related to online payments on the continent.

Since its launch, Paystack has experienced rapid growth and gained popularity among businesses in Africa. The platform is used by thousands of businesses of all sizes, ranging from small startups to large enterprises. It offers advanced features such as subscription management, recurring payments, and reporting tools.

Paystack's features

  • 3D Secure
  • Chargeback management
  • Chargebacks
  • Partial Captures
  • Partial Refunds
  • Payin
  • Payout
  • Recurring Transaction
  • Recurring Transactions
  • Refunds

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Frequently Asked Questions

What is a Payment Aggregator (#PA)?2023-09-14T14:17:02+02:00

A PA is a company that enables merchants to accept payments through a single account. They aggregate transactions from multiple merchants into a single merchant account and facilitate payouts.

What is a Payment Facilitator (#PayFac)?2023-04-18T18:56:26+02:00

A PayFac is a company that simplifies the payment process for sub-merchants by providing a unified platform. They act as a middleman between the sub-merchant and the acquiring #bank and handle all the necessary compliance and underwriting processes.

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