What is Paystack?

Paystack is a safe and modern payments company that allows Nigerian merchants to receive funds from anyone, anywhere in the world. Both registered and unregistered businesses are eligible to use Paystack.

Paystack merchants enjoy some of the best online payments success rates in Nigeria, which is why over 25,000 merchants and counting - including Axa Mansard, Nairabet, Domino's Pizza, Taxify, and God is Good Motors (GIGM) - use Paystack as their trusted payments gateway.

Merchants can use Paystack either as  Starter Businesses or Registered Businesses.

Requirements for Paystack Starter Businesses

Unregistered businesses are eligible to use Paystack without a company registration or corporate bank account. The requirements for using Paystack as a Starter Business are:

  • Personal Nigerian Bank Account
  • Bank Verification Number (BVN)
  • Valid ID (any 1 of the following)
    • Passport OR
    • Driver's License OR
    • Permanent Voter's Card OR
    • National ID

Requirements for Paystack Registered Businesses

The requirements for using Paystack as a Registered Business are:

  • Corporate Bank Account
  • Company Registration Document

With the requirements above, merchants both large and small can use Paystack to start collecting payments quickly and securely.

Want to see Paystack in action? 

Take our demo for a spin!  paystack.com/demo

(Please note that our demo is live, meaning that real money will be withdrawn from your account, so please choose an amount you can afford to give away 🙂)

Start accepting payments with your free Paystack account

Get started with Paystack today with a free account -  you can create one here. You'll find the option to either get started as a Registered Business or a Starter Business.

Quick links

Here's some additional useful information about Paystack

Did this answer your question? Thanks for the feedback There was a problem submitting your feedback. Please try again later.

Still need help? Contact Us Contact Us