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: Direct Debit Downtime
  September 1, 2025
  Sep 1, 13:48 CETResolved – The central switch has resolved the issue, and the system is now stableAug 25, 11:48 CETInvestigating – We're currently experiencing a downtime with the Direct Debit channel due to an issue with our processing partner.As a result, attempts to link new bank accounts and charge already linked accounts may fail.We are working with our processing partner to resolve the issue and will share updates as soon as possible.
• Nigeria: Delay in Processing Inward Transfers to Wema Bank Accounts
  August 30, 2025
  Aug 30, 17:55 CETResolved – This incident has been resolved.Aug 29, 19:42 CETInvestigating – We are currently experiencing a delay in processing inward transfers to dedicated accounts issued by Wema Bank. We are in contact with the Wema Bank team and will share an update as soon as possible.Paystack Titan virtual accounts remain unaffected for both Pay with Transfer (PWT) and Dedicated Accounts.
• Ghana: MTN System Downtime
  August 30, 2025
  Aug 30, 17:27 CETResolved – This incident has been resolved.Aug 30, 06:20 CETMonitoring – Service performance has improved. We are continuing to monitor closely to confirm that systems are stable and operating as expected.Aug 29, 17:03 CETInvestigating – Our partner, MTN, is currently having a downtime on their platform, which is affecting mobile money transactions at the moment. As a result, most MTN transactions are failing. We're currently liaising with them to fix the issues and restore the service.
• Ghana: MTN System Downtime
  August 27, 2025
  Aug 27, 23:41 CETResolved – This incident has been resolved.Aug 27, 18:33 CETInvestigating – Our partner, MTN, is currently having a downtime on their platform, which is affecting mobile money transactions at the moment. As a result, most MTN transactions are failing. We're currently liaising with them to fix the issues and restore the service.
• Quick Download not working for balance and payouts exports on the dashboard
  August 25, 2025
  Aug 25, 14:43 CETResolved – This incident has been resolved.Aug 25, 13:51 CETMonitoring – A fix has been released and we are monitoring the resultsAug 22, 17:59 CETIdentified – The issue has been identified and we are working on a fix. We will release the fix on Monday. You can still continue to receive your CSV exports via email in the interim.Aug 22, 15:19 CETInvestigating – We are currently investigating an incident where merchants unable to download their balance and payouts reports using the "Quick download" option. Receiving CSV exports via email is still working fine, so you can use […]

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