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PayMongo Platforms vs Paystack

Paystack

8.2#2 in payment gatewaysFrom 1 NGN a month
Free planAndroidiOSWebAPI
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What both publish

FactPayMongo PlatformsPaystack
HeadquartersTaguig, PhilippinesLagos, Nigeria
Payment methodsIt supports cards, e-wallets, bank transfers, and QR Ph payments, including GCash, Maya, and GrabPay.Supported payment channels listed include cards, bank accounts, bank transfers, USSD, POS, Apple Pay, Google Pay, Visa QR, and mobile money.
SecurityThe product page states that PayMongo Platforms uses BSP-regulated infrastructure, end-to-end encryption, advanced fraud detection, and PCI DSS compliance.Paystack states it is PCI DSS Level 1 certified and ISO 27001:2022 certified.

PayMongo Platforms plans

  • Embedded Financial ServicesPriced on request
  • Merchant OnboardingPriced on request
  • Payment SplittingPriced on request

Paystack plans

  • Paystack transaction pricing (Nigeria)Free
  • AccountFree
  • Dedicated virtual accounts1 NGN a month
  • Nigeria local transactions1.51 NGN a month
  • Nigeria international transactions3.91 NGN a month
  • Nigeria transfers up to NGN 5,00010 NGN a month

Pick PayMongo Platforms if…

It is intended for marketplaces and SaaS platforms that manage merchant payments and payouts. Teams needing split payments, onboarding, KYC, and flexible disbursements can use its API and web tools.

Pick Paystack if…

Paystack suits startups, entrepreneurs, and larger businesses operating in or serving Africa that need to accept customer payments. Its API and SDK offerings also suit businesses integrating payment collection into apps or websites.

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