Blog

Paystack is a Nigerian financial technology company that offers payment processing services to businesses and was acquired by Irish-American financial services company Stripe for $200M in 2020.

Paystack is one of the biggest payment processor in Nigeria and Africa as a whole. Do you want to know if paystack is down today?

check out their live transaction status below.

PAYSTACK NETWORK STATUS TODAY

• Nigeria: Delay in Completing Transfers
  December 5, 2024
  Dec 5, 16:06 CETResolved – This incident has been resolved.Dec 3, 18:57 CETInvestigating – Transfers to bank accounts in Nigeria might experience a slight delay due to a downtime with Nigeria's central Transfers Switch. There might also be a delay in confirming deposits for transactions, top-ups and payments made to Virtual Account numbers. We're working to resolve this issue as quickly as possible and will provide an update as soon as it has been resolved.
• Nigeria: Delay in Completing Transfers
  December 1, 2024
  Dec 1, 10:36 CETResolved – This incident has been resolved.Dec 1, 10:23 CETMonitoring – We are seeing improvements in transaction activity and are actively monitoring the results.Dec 1, 09:37 CETInvestigating – Transfers to bank accounts as well as withdrawals in Nigeria might experience a slight delay due to a downtime with Nigeria's central switch.There might also be a delay in confirming deposits for transactions, top-ups and payments made to Dedicated Virtual Account numbers.
• Nigeria: Delay in Completing Transfers
  November 30, 2024
  Nov 30, 07:54 CETResolved – This incident has been resolved.Nov 29, 20:21 CETInvestigating – Transfers to bank accounts in Nigeria might experience a slight delay due to a downtime with Nigeria's central switch.There might also be a delay in confirming deposits for transactions, top-ups and payments made to Dedicated Virtual Account numbers.
• South Africa: Scan to Pay Planned Maintenance
  November 26, 2024
  Nov 26, 15:01 CETCompleted – The maintenance has been postponed.Nov 26, 10:42 CETScheduled – Our payment partner, EFT Corporation, will be conducting planned emergency maintenance to update SSL certificates from 27 November 2024 starting at 11:30 SAST until 13:30 SAST.What does this mean for you?No downtime is expected and you will be able to accept payment from all our channels as usual.
• Ghana: Downtime on Transfers to CAL Bank
  November 18, 2024
  Nov 18, 11:29 CETResolved – This incident has been resolved.Nov 5, 15:04 CETInvestigating – All Bank Transfers to CAL Bank accounts are failing due to an ongoing issue with the bank’s internal systems.CAL Bank & GhIPSS teams have been engaged to restore the service as quickly as possible. We will provide an update as soon as it has been resolved.

ALSO CHECK IS KUDA DOWN TODAY ?

Paystack Faqs

How Secure is Paystack ?

Paystack is a PCI-certified, auditor certified, PCI Service Provider Level 1 – the highest certification level. All connections to paystack services are forced to happen over HTTPS using TLS 1.2 (SSL). Paystack uses HSTS to ensure browsers interact with Paystack only over HTTPS.

How secure is Card Information on Paystack?

Card details are encrypted using AES-256 GCM while the decryption keys are stored on a separate machine. As such, cards are not stored as plain numbers but securely hidden even from Paystack personnel and systems. The only actions our systems can take is to request that card details be sent to a service provider.

Does Paystack have Fraud Prevention

Paystack has developed an internal decision support system that uses intelligent rules to determine the risk factor of a transaction or customer and blocking payment from being made if it does not pass the necessary checks. This decision is based on a combination of multiple factors such as geolocation, IP addresses, purchase and behaviour history, and so on.

Merchants on Paystack have also been equipped with a dashboard that allows them to blacklist customers that have been fraudulent, which further helps the general system to learn and prevent such behaviour.

What time does Paystack settle funds

Your money is automatically settled to your account in two working days (T+2). So payments received on Teusday, for example, will be settled on Thursday.

What is Pay by Transfer ?

The Pay with Transfer channel which is currently only available in Nigeria, allows customers to pay you via a bank transfer by tapping on the Transfer option on the Paystack Checkout and Paystack Terminal. When they tap on Transfer, we instantly generate a Zenith or Wema bank account number to which they can make a bank transfer payment.

Most customers make bank transfers from their bank’s mobile app. Once they do, the transaction is automatically approved, and the paid amount immediately reflects on your Dashboard like any other Paystack payment