Paystack business types

We offer two types of Paystack business accounts: Starter Business and Registered Business. Let's explore each of them below:

A Paystack Starter Business is designed for merchants who are yet to register their businesses with the regulators in their countries. This option lets merchants test their ideas with real customers while they prepare to scale and register their companies.

Starter businesses can't access certain Paystack features like Transfers, Paystack Terminals (for Nigerian businesses), and Identity Verification.

We have a version of Starter Businesses called Sole Proprietorships for South Africa-based merchants.

Additionally, Starter Businesses have a collection limit. When you reach this limit, payments for your business will be temporarily disabled. All you need to do is upgrade to a Registered Business to lift this limit.

🚨Important to note

Egyptian-based businesses do not have a Starter Business type.

You can upgrade to a Paystack Registered Business anytime. Just go to the Compliance -> Profile page in your Dashboard and change your 'Business Type'.

After changing your business type, you'll need to provide more details and documents that match your business's registration type.

We've listed all the required documents to activate your Paystack Starter Business in your country right here:

• Côte d’Ivoire

• Ghana

• Kenya 

• Nigeria 

• South Africa 

A Paystack Registered Business is a company officially registered with its country's regulators. These businesses have the licenses to operate in their industries and on a larger scale than unregistered businesses.

Registered Businesses have access to all our features and have no collection limit.

We've listed all the required documents to activate your Paystack Registered Business in your country right here:

• Côte d’Ivoire

• Egypt

• Ghana

• Kenya 

• Nigeria 

• South Africa