A Paystack Starter Business is an option for merchants who have not registered their business with the corporation regulators of their country. We allow these merchants to test their ideas with real customers, while they prepare to scale and register their companies.
How do we verify Paystack Starter Businesses?
The verification requirements for Starter Businesses on Paystack vary by country, here is a breakdown of what Paystack will need to review:
For more information on our verification requirements as well as a guide to activating your Starter Business please refer to the articles below:
- What are the requirements for using Paystack as a Starter Business?
- How do I activate my Paystack Starter Business?
Are there any collection limits?
Yes, there's a maximum collections limit for Starter Business in Nigeria. The total revenue a Starter Business can receive is NGN 2 million. After this, we will place the business on hold until you upgrade it to a Registered Business. You will still be able to receive payments but we will not settle your bank account until you upgrade to a Registered Business. Here is a guide on how to upgrade from a Paystack Starter Business to a Paystack Registered Business.
How do I increase my collections limit?
If you verify your phone number with Truecaller, you can increase your limit to NGN 3 million. Also, you can perform this phone number verification at any time. We will not extend your limit once your collections hit NGN 3 million. Your payouts will be on hold until you upgrade to a Registered Business. Here are detailed instructions on how to increase the collections limit on your integration.
Are there any features on Paystack that Starter Businesses can't use?
Regrettably, yes. Starter Businesses will have no access or limited access to the following features: