Paystack

• 
• 
• 
• 

Paystack is a cutting-edge payment gateway designed for Flynax-based marketplaces. It enables businesses across Africa to accept online payments hassle-free. This plugin is tailored for marketplace owners looking to integrate an efficient and modern payment solution directly into their platforms.

How It Works

The Paystack plugin is specifically developed for Flynax-based marketplaces. It allows site owners to integrate and collect payments globally through a user-friendly API. To get started, site owners need to create an account with Paystack, obtain their Merchant ID and Secret Key, and then enter these credentials in the Flynax admin panel under the Payment Gateways section. This integration process ensures that businesses can begin accepting payments within minutes.

Instructions for getting a Secret Key in Paystack

1. Go to Paystack and click the Create a free account button;
2. Select a country and fill in the necessary details;

IMPORTANT: The currency for collecting payments depends on the country you selected. The selected currency should match the one used on the site. You can find a list of the supported currencies here.

3. Confirm the registration and log into your account;
4. Open Settings > API Keys & Webhooks, copy Secret Key and save the changes in the Plugin settings on the site.

Getting Started

Setting up the Paystack plugin is straightforward and does not require the site owner to register as a legal entity, making it accessible to a wide range of businesses. Once the account is activated and the integration is complete, the site is ready to process payments efficiently and securely.

Payment Options Paystack allows customers to pay using:

• Card payments: Visa, MasterCard, and Verve
• Bank Account
• Bank Transfer
• USSD
• Mobile Money

These options ensure that every user can choose the most convenient payment method, enhancing the customer experience and increasing the success rate of transactions.

Pricing and Commissions

Paystack offers competitive pricing with clear, straightforward commissions:

• Local Transactions: 1.5% + NGN 100 (capped at NGN 2000)
• International Transactions: 3.9% + NGN 100

There are no setup fees, monthly fees, or hidden charges; you only pay for successful transactions. This transparent pricing model is designed to support businesses of all sizes, from startups to large enterprises.

Security and Compliance

Security is paramount with Paystack, which employs PCI-DSS-compliant systems and advanced fraud detection mechanisms to ensure that every transaction is protected. This robust security framework helps safeguard both the business and its customers from potential security threats.

Countries of Operation

Initially rooted in Nigeria, Paystack has expanded its services to Ghana, Kenya, and South Africa, adapting its robust payment solutions to meet the local demands and financial regulations of these markets.