Paystack vs Squarepay

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.

Squarepay is a web service for collecting recurring payments within a domestic scheme. It provides mandate management and API access, with a free plan and named transaction-based tiers. The No Commitment plan lists $1.32 per debit, $5.50 per dishonour, 2-day settlement, and a $2.20 one-off charge per customer. Plus lists $1.10 per debit, $4.40 per dishonour, 2-day settlement, and a $1.10 one-off customer charge. Premium lists $0.88 per debit, $3.30 per dishonour, 2-day settlement, and a $0.00 one-off customer charge. Enterprise pricing is for businesses processing more than $100K per month. Access is through the web, and the listed supported-country count is 1. Squarepay’s pricing model is freemium, with recurring payment frequency and domestic scheme coverage.