STRIPE Vs PAYSTACK in Receiving Online Payments...
February 14, 2023 at 3:53 pm
🔥First and foremost you have to know that...
👉🏻Stripe and Paystack are both popular payment gateway services that allow businesses to accept online payments.
Both offer a variety of features including support for multiple currencies, recurring payments, and fraud detection.
Some key differences between the two include:👇🏻
1️⃣Stripe is a global payment gateway, while Paystack is currently focused on Africa.
2️⃣Stripe offers a wider range of features, including subscriptions and support for Apple Pay and Google Pay, while Paystack has a more limited feature set.
3️⃣Stripe has a higher pricing structure than Paystack, with a 2.9% + 30¢ per successful transaction fee. Paystack charges 1.5% + NGN 100 per transaction.
This means that for every transaction made through Stripe, the company charges 2.9% of the total amount plus an additional 30 cents. (This fee is applied to cover the cost of processing the transaction and providing its services).
And for Paystack, for every transaction made there will be a fee of 1.5% of the transaction amount, plus an additional fixed fee of NGN 100 (Nigerian naira).
So, for example, if a customer makes a purchase of NGN 10,000, the fee for that transaction would be (10,000 x 1.5%) + 100 = NGN 150 + 100 = NGN 250.
4️⃣Stripe is a more mature company, founded in 2010, while Paystack was founded in 2015.
In conclusion,
Both Stripe and Paystack are popular choices for businesses looking to accept online payments, but having a Stripe account is more advantageous.
So,
If you wanna have a verified Stripe account, Click this button to Setup your stripe account within 24 hours only (even if you’re in a country where stripe isn't available)👇🏻
Do it Now. This's a time limited opportunity.
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