Paystack vs Flutterwave: The Best Online Payment Gateway?

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The battle between the best online payment gateway ends today, Paystack Vs Flutterwave.

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Financial transactions have moved beyond physical buying and selling as more people use the internet to pay for goods and services. With the rise of e-commerce services, many firms, entrepreneurs, large organizations, freelancers, and others are turning to E-platforms to improve their commercial transactions. The most critical aspect, however, is picking dependable and fast payment gateways to facilitate transactions.

When it comes to payment processing, Paystack and Flutterwave are both outstanding. You can find both of them among the top fintech firms operating in Nigeria.

But they do have a few little distinctions that can make one more tempting than the other. While Flutterwave focuses on processing payments between businesses, Paystack concentrates on handling mobile money. This article compares the two payment gateways to help you select the most suitable one for your company or online store, Paystack vs Flutterwave.

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Paystack vs Flutterwave: Which is Best For Online Payments?

Although there is no need for a debate between Paystack and Flutterwave because both businesses excel at what they do, let’s learn a little bit more about each and compare their offerings.

What Is Paystack?

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Source: Paystack

Paystack is a technology firm that provides a platform that allows vendors, banks, and other businesses, as well as their users, to process payments online. It enables this through using debit and credit cards, money transfers, and mobile money apps. Paystack enables companies to securely accept payments from a variety of local and international payment systems.

Is Paystack Secure?

Yes. Paystack offers an automated and human protection method against fraudulent transactions. It is PCI DSS (Payment Card Industry Data Security Standard) certified. The online platform has been reviewed and certified by the leading payment systems’ regulatory authorities, including Mastercard, Visa, and Verve. Furthermore, communication is carried out through HTTPS utilizing Transport Layer Security (TLS) 1.2. A token system is also implemented to produce keys for additional security for every payment transaction that occurs over its platform.

Paystack Transaction Fees

Paystack deducts 1.5% + NGN 100 from each local transaction, although the NGN 100 cost is waived for transactions under NGN 2500. However, the maximum transaction fee is NGN 2000.

For international transactions, a fee of 3.9% + NGN 100 is applied to each transaction.

On other services, Paystack deducts the following:

  • 3.9% for International Transactions in USD.
  • A fee of NGN 10 is charged from each transfer of NGN 5,000 or less.
  • You are charged NGN 25 per transfer in the range of NGN 5,001 to NGN 50,000.
  • Transferring more than NGN 50,000 incurs a fee of NGN 50 per transfer.
  • To fix BVN API, you must pay NGN 10 for API request.
  • NGN 15 is charged per API call for matching BVN API.

Paystack Transaction Mode

Paystack is a worldwide payments startup dedicated to making payments easier, safer, and faster. Developers can utilize this payment service to construct billing solutions that operate natively on their web and mobile applications, allowing them to deliver in-app purchase and subscription income invoices securely and automatically.

Paystack’s vision is straightforward: To be the technology partner that not only delivers the best developer tools and SDKs. The platform also strives to be the safest, most dependable platform capable of processing thousands of transactions per second.

Paystack benefits

One of the most important advantages of utilizing Paystack is that it is simple to set up. Furthermore, there are no start-up or monthly fees for using their service. Aside from ease and affordability, another advantage of utilizing Paystack is the ability to set up recurring payments and payouts every month if necessary. You can also make changes to an existing order at any moment without having to resubmit it or request updated information from your customer.

What is Flutterwave?

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Source: Flutterwave

Flutterwave is a major online payment service provider. It offers three distinct advantages over other competitors. The platform provides the best rates available at 2% with no set contract length and a very cheap monthly charge of $0.99/month. More to this, it also offers an unrivaled volume of up to 90 transactions per second, resulting in speedier transactions for purchasers every time they need to pay for something online. Finally, it provides cross-border payment alternatives in over 130 countries, making transferring money overseas easier than ever.

It is a well-known payment gateway utilized by firms such as Chipper Cash, Online Naira, Bet9ja, and others.

Flutterwave Transaction Fees and Costs

The platform charges 1.4% on all local transactions. The maximum transaction cost is NGN 2000. Its international transaction processing charge is set at 3.8% of the transaction amount.

Other fees (Flutterwave): Flutterwave charges a fixed amount of NGN 50 for BVN API requests per call to handle BVN issues.

Is Flutterwave Secure?

Yes. It is not only PCI DSS compliant, but it is also PADSS and ISO certified, resulting in a highly satisfying security assessment. Furthermore, Flutterwave developed the Payments Protection Promise to reassure clients who pay using the platform that they will receive good value for their money. While both Flutterwave and Paystack are secure, Flutterwave seems to be more secure than other payment gateways.

Flutterwave Benefits

You can use Flutterwave to receive cash from anywhere in the world as soon as it is loaded into your account. This makes it simple to manage online payments. Merchants are also paid directly into their bank accounts, eliminating the need to deal with a complex payment network.

Payments are fast and efficient with Flutterwave, so you never have to worry about customer disputes or delays in receiving cash. As a result, Flutterwave is one of the best solutions when it comes to making safe and speedy online payments.


Which should you choose on Paystack Vs Flutterwave? Businesses and entrepreneurs strive to deliver fast, dependable, and simple service to guarantee that their clients have a pleasant online shopping experience. Though Paystack and Flutterwave offer comparable services to their consumers, there are some considerable differences. Both payment systems offer safe payment services. Flutterwave, on the other hand, charges a somewhat lower service cost than Paystack. In the long term, this can have a significant impact on firms and entrepreneurs.

Furthermore, Flutterwave has a larger presence in Africa than Paystack. Additionally, merchants can save and receive foreign cash in their overseas accounts.