Paystack vs Pin Payments
Paystack
paystack.comPin Payments
pinpayments.comSide by side
| Figure | Paystack | Pin Payments |
|---|---|---|
| Price from | 1 NGN/mo | — |
| Free plan | Yes | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | Yes | Yes |
| Android | Yes | — |
| API | Yes | Yes |
| Plans published | 10 | 5 |
| Spec score · Payment Processing Software | 8.8 (#11) | 7.6 (#34) |
| API | The public API is RESTful and JSON-based, uses HTTPS, and provides separate test and live keys. | The API uses HTTPS and supports live and test environments; the test API does not create real charges or bank transfers. |
| Headquarters | Lagos, Nigeria | Melbourne, Victoria, Australia |
| Integrations | Paystack advertises more than 50 integrations spanning ecommerce, accounting, invoicing and CRM platforms. | The integrations directory includes Shopify, WooCommerce, Adobe Commerce, Xero and Chargebee. |
| Payment methods | Supported payment channels listed include cards, bank accounts, bank transfers, USSD, POS, Apple Pay, Google Pay, Visa QR, and mobile money. | Payment options include major card brands, Apple Pay and Google Pay. |
| Recurring billing | The product suite includes recurring payments and subscription billing with subscription-management links. | Merchants can set automatic subscription renewals, trials, cancellations and payment instalments through recurring payment plans. |
| Security | Paystack states it is PCI DSS Level 1 certified and ISO 27001:2022 certified. | Pin Payments says it is a PCI DSS Level 1 Service Provider and undergoes periodic internal and third-party security audits. |
| Settlement | The pricing page says automatic settlement is free and generally reaches the merchant's bank account the next working day (T+1). | The integrations page says merchants get paid with two business day settlement. |
| Support | Paystack says its Customer Success team is available around the clock. | Pin Payments offers support by email or phone through its Melbourne support team. |
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
Pin Payments
- Domestic transactions — domestic cardsA$1.63, paid once
- Domestic transactions — international cardsA$3.43, paid once
- Foreign currency transactions — AUD settlementA$3.43, paid once
- Foreign settlementA$3.93, paid once
- CustomPriced on request
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.
Pin Payments
Pin Payments has no write-up on Specifiction yet; its figures are above.