{"id":44617,"date":"2024-06-05T19:17:42","date_gmt":"2024-06-05T19:17:42","guid":{"rendered":"https:\/\/gtechbooster.com\/?p=44617"},"modified":"2024-06-05T19:17:43","modified_gmt":"2024-06-05T19:17:43","slug":"paystack-starter-business-account-and-their-country-based-limits","status":"publish","type":"post","link":"https:\/\/gtechbooster.com\/paystack-starter-business-account-and-their-country-based-limits\/","title":{"rendered":"Paystack Starter Business account and their country based limits"},"content":{"rendered":"\n

Paystack Starter Business is a merchant tier designed for unregistered businesses that want to accept online payments without needing a corporate bank account or company registration document. This tier is intended for entrepreneurs who are still validating their business ideas and want to test their products or services with real customers before formalizing their business.<\/p>\n\n\n\n

Collection Limits<\/h2>\n\n\n\n
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Starter Businesses have a lifetime collections limit. Upon exhaustion of limit, payment will be disabled for your business. To remove the limit, simply upgrade to a Registered Business.<\/p>\n\n\n\n

Limits by Country<\/h2>\n\n\n\n
Country<\/strong><\/td>Starter Business Limit<\/strong><\/td><\/tr>
Ghana<\/strong><\/td>GHS 30,000<\/td><\/tr>
Nigeria<\/strong><\/td>NGN 2,000,000<\/td><\/tr>
Nigeria (USD)<\/strong><\/td>USD 5,000<\/td><\/tr>
South Africa<\/strong><\/td>ZAR 80,000<\/td><\/tr>
South Africa (Sole Proprietorship)<\/strong><\/td>ZAR 1,000,000<\/td><\/tr>
Kenya<\/strong><\/td>KES 80,000<\/td><\/tr>
Rwanda<\/strong><\/td>RWF 3,000,000<\/td><\/tr>
C\u00f4te d’Ivoire<\/strong><\/td>XOF 3,000,000<\/td><\/tr><\/tbody><\/table>
As of June 2024<\/figcaption><\/figure>\n\n\n\n

\u00a0\u00a0Limited features<\/h2>\n\n\n\n

Starter Businesses will have no access to other Paystack products like Transfers, Paystack Terminals (for Nigerian businesses), and Identity verification.<\/p>\n\n\n\n

How do we verify Paystack Starter Businesses?<\/h2>\n\n\n\n

Starter Businesses are personal so Paystack would verify the identity and address of you, the business owner.<\/p>\n\n\n\n

Country<\/strong><\/td>Requirements<\/strong><\/td><\/tr>
Ghana<\/strong><\/td>A government-issued form of identification Tax identification number Personal bank account number or personal mobile money number<\/td><\/tr>
Nigeria<\/strong><\/td>A government-issued form of identification Bank Verification Number (BVN) Personal bank account number<\/td><\/tr>
South Africa<\/strong><\/td>National or Smart ID number or Passport Number National or Smart ID or Data page of Passport Settlement bank confirmation letter Personal bank account number<\/td><\/tr>
Kenya<\/strong><\/td>A government-issued form of identification: national ID or valid passport Personal bank account number or personal mobile money number<\/td><\/tr>
C\u00f4te d’Ivoire<\/strong><\/td>A government-issued form of identification: national ID or valid passport Personal bank account number or personal mobile money number<\/td><\/tr><\/tbody><\/table>
As of June 2024<\/figcaption><\/figure>\n\n\n\n

Paystack aims to help businesses in Africa grow and become profitable, envied, and loved. The Paystack Starter Business tier is designed to support merchants from every stage of their growth story, from idea validation to formalization.<\/p>\n\n\n\n

More Information \u2139<\/h6>\n\n\n\n