Paystack vs PayTrace
Paystack
paystack.comPayTrace
paytrace.netSide by side
| Figure | Paystack | PayTrace |
|---|---|---|
| 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 | 0 |
| Spec score · Payment Gateways | 8.7 (#9) | 6.7 (#48) |
| API | The public API is RESTful and JSON-based, uses HTTPS, and provides separate test and live keys. | PayTrace offers a payment API with documentation, integration guides, and a sandbox for testing without processing real cards. |
| Integrations | Paystack advertises more than 50 integrations spanning ecommerce, accounting, invoicing and CRM platforms. | Trace AR lists connections with Acumatica, Microsoft Dynamics 365 Business Central, NetSuite, and QuickBooks Online. |
| Payment methods | Supported payment channels listed include cards, bank accounts, bank transfers, USSD, POS, Apple Pay, Google Pay, Visa QR, and mobile money. | PayTrace supports card and ACH payments, and its B2B page also describes accepting GSA SmartPay purchase cards for official federal government purchases. |
| Security | Paystack states it is PCI DSS Level 1 certified and ISO 27001:2022 certified. | PayTrace says its platform is PCI DSS compliant, encrypts sensitive information, and does not store payment data locally on the merchant’s network, computers, or premises. |
| Support | Paystack says its Customer Success team is available around the clock. | PayTrace lists phone support at 1-888-806-6545 from 5 am to 7 pm Pacific and support by email at [email protected]. |
| What it does | Paystack is a payment service provider for African businesses supporting online and in-person payments. | PayTrace provides B2B payment processing, merchant services, a payment gateway, and accounts receivable automation. |
| Who it serves | Paystack describes its customers as businesses ranging from startups and entrepreneurs to large corporations and global brands operating in or serving Africa. | PayTrace presents its solutions for B2B merchants and also describes payment workflows for business and government customers. |
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.