As a Starter Business on Paystack, there is a limit to how much you can receive, after which we expect you to upgrade your business to a Paystack Registered Business. There are two set limits, depending on your verification level and country. There is a lower limit which all Starter Businesses have by default. However, this can be increased to a higher limit if you verify your phone number via Truecaller.
Truecaller is a caller-identification smartphone application. Here's how to verify your phone number with Truecaller.
Starter (with Truecaller verification)
Important to NoteThe collections limit is the overall amount you can receive from your customers in a Starter Business' lifetime. It is important to note that there's no limit on the amount that you can receive per transaction from a customer at a time, as long as it is within the overall limit that has been set for your Paystack Starter Business.
Can I remove the transaction limit set for my business?
Yes - transaction limits are only set for Starter Businesses on Paystack. Registered Businesses can receive an unlimited amount of money over time, and you can upgrade your Starter Business to a Registered Business at any time.
Follow this link to know more about How to upgrade from a Paystack Starter Business to a Paystack Registered Business