Paystack applies different fee structures depending on the type of transaction, and all fees are listed excluding VAT.
Local Transactions:
Fee: 2.9% of the transaction amount + ZAR 1
International Transactions:
Fee: 3.1% of the transaction amount + ZAR 1
Transfers to Bank Accounts:
Fee: ZAR 3 per transfer (applies to both failed and successful transfers)
For example, for a local transaction of ZAR 1000:
Calculation:
Base fee: 2.9% of ZAR 1000 = ZAR 29
Fixed fee: ZAR 1
Total fee excluding VAT: ZAR 30
With VAT (assumed at 15%), the additional charge is ZAR 4.50, making the total fees ZAR 34.50
Net amount received: ZAR 1000 – ZAR 34.50 = ZAR 965.50
At the bottom of this page Paystack - Pricing, there’s a useful tool that allows you to input a specific amount to see exactly how much will be deducted in fees. This tool makes it easy to plan your transactions by providing a clear breakdown of the fee deductions.