Paystack vs Paytm Payment Links
Paystack
paystack.comPaytm Payment Links
business.paytm.comSide by side
| Figure | Paystack | Paytm Payment Links |
|---|---|---|
| Price from | 1 NGN/mo | — |
| Free plan | Yes | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| API | Yes | Yes |
| Plans published | 10 | 1 |
| Spec score · Payment Link Software | 8.8 (#7) | 7.1 (#27) |
| Payment methods | Supported payment channels listed include cards, bank accounts, bank transfers, USSD, POS, Apple Pay, Google Pay, Visa QR, and mobile money. | The product page lists Paytm Wallet, UPI, Paytm Postpaid, cards, and net banking among supported payment sources, and states that it supports 100+ payment instruments. |
| Security | Paystack states it is PCI DSS Level 1 certified and ISO 27001:2022 certified. | The product page describes bank-grade security with fraud prevention technology; Paytm Payments Services says it is PCI DSS certified and ISO/IEC 27001:2022 certified for the stated payment aggregator and tokenization services scope. |
| Settlement | The pricing page says automatic settlement is free and generally reaches the merchant's bank account the next working day (T+1). | The product page states T+1 settlement, including bank holidays and weekends. |
| Support | Paystack says its Customer Success team is available around the clock. | Paytm for Business support lists a phone number for existing customers and an online option to send a query. |
| What it does | Paystack is a payment service provider for African businesses supporting online and in-person payments. | Lets merchants request remote payments through shareable links without building a website or integrating a payment gateway into it. |
Plans
Paystack
- AccountFree
- Paystack transaction pricing (Nigeria)Free
- Dedicated virtual accounts1 NGN a month
- Nigeria local transactions1.51 NGN a month
- Nigeria international transactions3.91 NGN a month
- Nigeria transfers up to NGN 5,00010 NGN a month
- Nigeria transfers NGN 5,001–50,00025 NGN a month
- Nigeria transfers above NGN 50,00050 NGN a month
- Test SmartPeak P1000 terminal85,000 NGN, paid once
- Live SmartPeak P1000 terminal100,000 NGN, paid once
In their own words
Paystack
Paystack helps businesses in Africa accept online and in-person payments from customers around the world. Listed channels include cards, bank accounts and transfers, USSD, POS, Apple Pay, Google Pay, Visa QR, and mobile money. Its APIs support one-time and recurring payments through an app or website, instant transfers, and customer identity verification. The dashboard provides reporting, alerts, exports, transaction reports, customer search, and purchase insights. Listed integrations include WooCommerce, Shopify, Chargebee, Zapier, Wix, and Xero; developer materials include an API and SDKs for Android, iOS, and Flutter. Paystack says its automated and manual fraud systems help protect against fraudulent transactions and related chargeback claims. It states that it is PCI DSS Level 1, ISO 27001:2022, and ISO 27701 certified. The pricing page lists no subscription, integration, or maintenance fee, but transaction fees apply. In Nigeria, local transactions cost 1.5% plus NGN 100; that NGN 100 is waived under NGN 2,500, with local fees capped at NGN 2,000. Automatic settlement is free and generally reaches the merchant's bank account the next working day.
Paytm Payment Links
Paytm Payment Links has no write-up on Specifiction yet; its figures are above.