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Paystack vs Stripe
Paystack and Stripe are both card processing platforms. On a $1,000 payment you keep about $985 on Paystack and $970.70 on Stripe, before withdrawal or currency-conversion costs.
Updated · from each platform’s published fees and payout terms · how we verify
Key differences
- On a $1,000 payment you keep about $985 on Paystack and $970.70 on Stripe, before withdrawal or currency-conversion costs.
- Both pay out via Bank transfer.
- Stripe is the older platform — founded in 2010, 5 years before Paystack (2015).
- Paystack is based in Nigeria, Stripe in United States.
- Paystack focuses on Nigeria, Ghana and South Africa, while Stripe operates internationally.
Which should you choose?
Choose Paystack if…
- Keeping more of each payment matters most — its fee is lower.
- You live in Nigeria, Ghana or South Africa.
Choose Stripe if…
- You prefer a long track record (since 2010).
Side by side
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Paystack
The Stripe-owned processor built for Africa - Nigerian, Ghanaian, South African, and Kenyan businesses accept…
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Stripe
The standard for accepting card payments online - anyone with a business (even a sole proprietor) can register…
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|---|---|---|
| Type | Card processing like Stripe | Card processing like Stripe |
| Category | Payments | Payments |
| Vetted | No | No |
| Work from home | Yes | Yes |
| Fees | From 1.5% per local transaction | Around 2.9% plus 30 cents per card charge (US) |
| Minimum payout | Ghana GHS 50 via bank, no minimum via mobile money, Nigeria on-demand NGN 1000 | Typically one base unit of the local currency, such as $0.01 in the US |
| Payout speed | Ghana automatic settlement next working day, timing varies by country | First payout usually waits 7-14 days, longer by country or industry, later payouts follow your account schedule |
| Withdraw via | Bank transfer | Bank transfer |
| Availability | Nigeria, Ghana, South Africa, Kenya, Ivory Coast | 45+ countries (merchant side) |
| Local to | Nigeria, Ghana, South Africa, Kenya | — |
| Founded | 2015 | 2010 |
| Headquarters | Lagos, Nigeria | San Francisco, United States |
| Popularity | 47 views · 0 likes | 50 views · 0 likes |
Frequently asked questions
Which is cheaper, Paystack or Stripe?
On a $1,000 payment you keep about $985 on Paystack and $970.70 on Stripe, before withdrawal or currency-conversion costs.
How fast do Paystack and Stripe pay out?
Paystack: Ghana automatic settlement next working day, timing varies by country. Stripe: First payout usually waits 7-14 days, longer by country or industry, later payouts follow your account schedule.
Where are Paystack and Stripe available?
Paystack: Nigeria, Ghana, South Africa, Kenya, Ivory Coast. Stripe: 45+ countries (merchant side).