In a statement released on the Paystack Blog earlier today, Paystack announced the introduction of Pay with Transfer, a new payment channel through which their users' customers based in Nigeria can pay them.
When users' customers chooses this payment channel, Paystack instantly assigns them a Zenith or Providus bank account number, so that they can make a bank transfer payment. The successful payment then immediately reflects on the users' Paystack Dashboard.
🚀 We're excited to announce Pay with Transfer — a new payment channel through which your Nigeria-based customers can pay you.https://t.co/VtyZqXNvbE
— Paystack (@paystack) July 8, 2020
Pay with Transfer is a viable option for both Paystack users and their customers because:
- It's a familiar option for many customers who aren't comfortable paying online yet
- It makes users' account reconciliation a lot easier
- It helps users build detailed customer profiles
