Introduction
If you're looking to integrate a payment gateway for your African business, you might be torn between two popular choices - Paystack and Flutterwave. Both of these services offer similar features, but which one should you choose? Let's compare them to help you make an informed decision.
Key Features
Flutterwave offers over 300 payment options, including mobile money and bank transfers, covering 33 African countries. It also supports a range of currencies, including USD, EUR, and GBP. One notable feature of Flutterwave is its seamless integration with popular e-commerce platforms like Shopify, WooCommerce, and Magento.
Paystack supports most local and international cards, as well as USSD and bank transfers. It has a robust fraud detection system to ensure secure transactions. One of the standout features of Paystack is its rave checkout, which enables customers to complete transactions with just a few clicks.
Integrations
Both services integrate with popular e-commerce platforms like Shopify, WooCommerce, and Magento. Additionally, Flutterwave can be used with PrestaShop, Opencart, and Drupal, while Paystack integrates with Zoho Books, QuickBooks, and more.
Pricing
When it comes to pricing, Flutterwave offers multiple pricing plans to suit different business needs. For example, the Starter plan charges a 1.4% fee for local transactions and a 2.9% fee for international transactions. The Professional plan charges a 1.2% fee for local transactions and a 2.8% fee for international transactions, with no setup fee.
Paystack, on the other hand, charges a 1.5% + NGN 100 fee for local transactions, and a 3.9% + NGN 100 fee for international transactions. It offers a free plan with limited features, as well as a custom plan for large enterprises.
User Experience
Both Flutterwave and Paystack offer intuitive user experiences, with easy-to-use dashboards and fast integration processes. However, some users have reported issues with transactions not going through on Paystack, while others have cited cumbersome documentation processes with Flutterwave.
Conclusion
While both Flutterwave and Paystack offer similar features, they differ in key areas such as pricing and integrations. You should carefully consider these factors as well as your business needs before making a final decision. Ultimately, it's a matter of personal choice, and you should choose the one that aligns best with your specific requirements.