Paystack stands out as a leading payment gateway in Africa.
With its user-friendly interface, secure payment processing, and wide range of features, Paystack has empowered countless businesses to accept payments online and offline.
Whether you’re a seasoned entrepreneur or just starting out, Paystack is an invaluable tool for expanding your business reach and increasing your revenue.
What is Paystack?
Paystack is a payment gateway that allows businesses in Africa to accept payments online and offline.
It provides a secure platform for businesses to collect payments from customers using a variety of methods, including cards, bank transfers, mobile wallets, and USSD.
Paystack also offers a range of other features, such as fraud prevention, disbursement, and reporting, to help businesses manage their payments effectively.
How to Withdraw from Paystack
Withdrawing funds from your Paystack balance is a simple and straightforward process. Here’s a step-by-step guide:
- Log in to your Paystack account.
- Navigate to the “Transfers” section of your dashboard.
- Select the “Withdraw” option.
- Enter the amount you wish to withdraw.
- Choose the bank account where you want to receive the funds.
- Click the “Withdraw” button to initiate the transfer.
FAQs
What are the fees for withdrawing from Paystack?
Paystack charges a flat fee of 1.5% for withdrawals to bank accounts in Nigeria. For withdrawals to bank accounts in other countries, Paystack charges a flat fee of 3%.
How long does it take to withdraw from Paystack?
Withdrawals to bank accounts in Nigeria are typically processed within 24 hours. Withdrawals to bank accounts in other countries may take up to 5 business days.
What is the minimum withdrawal amount from Paystack?
The minimum withdrawal amount from Paystack is NGN 100.
Can I withdraw funds from Paystack to a mobile wallet?
Yes, you can withdraw funds from Paystack to a mobile wallet. However, this feature is only available for certain mobile wallets in Nigeria.
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