Paystack vs Rapyd
Paystack
paystack.com
Rapyd
rapyd.netSide by side
| Figure | Paystack | Rapyd |
|---|---|---|
| Price from | 1 NGN/mo | $99/mo |
| Free plan | Yes | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| API | Yes | Yes |
| Plans published | 10 | 2 |
| Spec score · Payment Processing Software | 8.8 (#11) | 7.5 (#38) |
| Spec score · Cross-Border Payment Platforms | 8.8 (#5) | 7.5 (#12) |
| Spec score · Payment Facilitation Platforms | 8.9 (#4) | 7.6 (#11) |
| Data protection | Paystack states it has ISO 27701 certification for data privacy and protection. | Rapyd says it encrypts data at rest and uses SSL and TLS certificates for data in transit. |
| Fraud protection | Paystack says automated and manual fraud systems help protect against fraudulent transactions and related chargeback claims. | Rapyd Protect uses machine-learning models and a rules engine to identify risky transactions, and Rapyd says it is free for all clients. |
| Payment methods | Supported payment channels listed include cards, bank accounts, bank transfers, USSD, POS, Apple Pay, Google Pay, Visa QR, and mobile money. | Rapyd says its network connects local payment and payout methods across 182 markets. |
| Security | Paystack states it is PCI DSS Level 1 certified and ISO 27001:2022 certified. | Rapyd says it has PCI-DSS Level 1 certification and a SOC 2 Type II report. |
| Support | Paystack says its Customer Success team is available around the clock. | Rapyd’s product pages direct prospective customers to contact its global payments team for service information and pricing. |
| What it does | Paystack is a payment service provider for African businesses supporting online and in-person payments. | Rapyd describes itself as a fintech platform for accepting global payments, sending payouts and embedding financial services. |
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.