Get early access to Paystack Direct Debit
Paystack partners with NIBSS to develop a fully digital solution for processing direct debits from customers’ bank accounts
We’re thrilled to announce early access to Paystack Direct Debit.
Developed in close partnership with the Nigeria Inter-Bank Settlement System (NIBSS), Paystack Direct Debit is a new, fully digital, and secure way for businesses to directly charge customers’ bank accounts in Nigeria.
Join the waitlist to get early access!
What is Paystack Direct Debit?
In conversation with merchants, we heard that businesses that collect frequent repeat payments from customers needed a way to access customers’ bank accounts directly, in a way that was convenient and secure. We built Direct Debit in response.
Here’s how it works:
- You request your customer to link their bank account to your business
- To consent, the customer transfers a small amount of money to a NIBSS-provided bank account number
- Once the bank transfer is confirmed, a mandate is created, linking the customer’s bank account to your business. This enables you to charge both one-time as well as recurring payments via Paystack, according to your shared agreement with the customer.
Direct Debit provides a powerful new way for businesses that collect frequent repeat payments from customers (eg. subscription services, insurance companies, and fintechs) to do so even more reliably.
We’re proud to have worked closely with NIBSS over the last several months to develop a fast, convenient, secure direct debit solution supported by 20+ banks in Nigeria.
Join the Direct Debit waitlist
Join our pilot program for early access to Paystack Direct DebitJoin the Direct Debit waitlist →
Join the Paystack Direct Debit waitlist
In anticipation of a general release, we’re looking to partner closely with merchants who are eager to stress-test Direct Debit at scale over the next several weeks. Join the waitlist for early access.