Privacy & Cookie Policy

Paystack Payments Limited (“Paystack”, “Company”, “we”, “us” or “our”) offers an online payment platform and a Point-of-Sale (PoS) Terminal deployment and support service that allows Users to make seamless, stress-free payments for desired goods and services online and at physical retail locations. At Paystack, we are committed to protecting the privacy and security of our consumers’ and users’ personal data. We are committed to transparency, accountability and confidentiality of your data. This is why our Privacy and Cookie Policy (“Privacy Policy”) describes how we collect, use, store, share, and protect personal data from Website Visitors, Paystack Users, and/or Vendors (“Data Subjects”) who engage with our services. It applies to our website and all related sites, applications, services and tools (collectively, our “Services”).

While our services are primarily designed for businesses and organisations (“Merchants”), we recognise that individual consumers may interact with us through Merchants or website visits. We are committed to responsibly processing personal data for everyone involved. We generally process personal data at the direction of and on behalf of Merchants. When we do, we do so as a service provider or a “Data Processor” to those Merchants, but we do not control and are not responsible for the privacy practices of those Merchants. If you are a Customer of a Paystack Merchant, you should read that Merchant’s Privacy Policy and direct any privacy inquiries to that Merchant. If you are a Merchant, please see the Merchant Privacy Policy.

This Privacy Policy does not apply to services not owned or controlled by Paystack, including third-party websites and the services of Paystack’s Merchants. This Privacy Policy applies to all forms of systems, operations and processes within the Paystack environment that involve processing personal data. Paystack is a Stripe company; for more information about Stripe’s privacy practices, see the Stripe Privacy Policy https://stripe.com/en-gb/privacy.

While offering the Services to you, Paystack may create different products as part of the Services.

When you opt in to use one of our products, we will use your data for specific purposes, such as providing and improving the service. We may also share your data with subprocessors and partners, but only as necessary to offer the service you have opted into. We will handle your personal data in line with the purposes and methods outlined in this Privacy Policy.

1. The Information we Collect

The personal data we collect depends on how you interact with us, the services you use, and the choices you make. We may collect information from different sources and in various ways, including information you provide directly, information collected automatically, third-party data sources, and data we infer or generate from other data.

1.1 Personal Data You Provide Directly

We collect personal data you provide to us. For example:

• Contact information. As part of our operations, Paystack may collect information such as your name, telephone number, email address, address, etc. to provide you with certain services.

• Payment information. If you make a purchase or other financial transaction, such as when you checkout with Paystack on a Merchant’s website, we collect credit card numbers, financial account information, and other payment details.

• Communications. If you contact us directly, for example, with an inquiry or a support request, we may receive additional personal data about you, including your email address and the content of your communications.

1.2 Personal Data We Collect Automatically

• Device Information. We receive information about the device and software you use to access our Services, including Internet Protocol (IP) address, web browser type, operating system version, and device identifiers.

• Usage Information. To help us understand how you use our Services, including the Demo portion of our website, and to help us improve them, we automatically receive information about your interactions with our Services. This information includes records of your transactions and information about your other activities related to our services, such as the date and time of your sessions, the pages you view, links to/from any page, and time spent in a session. Some of the data we gather through cookies and similar technologies as discussed below.

• Location Information. We may collect or infer your general location information when you use our Services. For example, your IP address may indicate your general geographic region, which will be matched against our IP whitelist.

1.3 Personal Data That We Receive from Others

• Partners. We may retrieve additional personal data about you from third parties and other identification/verification services, such as your financial institution and payment processor. We may combine that data with other information we have about you.

• Publicly available sources. We may also gather additional data about you from public sources of information, such as open government databases.

• Inferences. We may infer additional Personal Data based on the Personal Data described above. For example, we may infer your interests for website visitors based on the web pages you view.

When you are asked to provide personal data, you may decline. And you may use web browser or operating system controls to prevent certain types of automatic data collection. But if you choose not to provide or allow information necessary for certain services or features, those services or features may not be available or fully functional.

2. How We Use Personal Information

We use the Personal Data we collect to:

1. Provide you with the required services in addition to related products and services of interest

2. Respond to your questions or requests

3. Improve features and website content, and analyse data to develop products and services

4. Address inappropriate use of our website

5. Prevent, detect and manage risk against fraud and illegal activities using internal and third-party screening tools

6. Send you marketing content, newsletters and service updates curated by Paystack (only with your explicit consent)

7. Verify your identity and the information you provide in line with Paystack’s statutory obligations using internal and third-party tools

8. Maintain up-to-date records

9. Resolve disputes that may arise, including investigations by law enforcement or regulatory bodies

10. Any other purpose that we disclose to you in the course of providing Paystack services to you

3. How We Share Personal Data

Paystack does not sell, trade or rent personal data to anyone. Further, we will not share or disclose your data with or to a third party without your consent except as necessary to provide the Services or as described in this Privacy Policy.

• Merchants. We may share your contact information with merchants as part of your purchase details for record purposes. We will not share this information with other third parties except as a necessary part of providing our website and services. We do not share your card information with merchants. Please review your merchant’s privacy policy to understand the privacy policies guiding the merchant you transact with.

• Service providers. We share personal data with vendors or agents working on our behalf for the purposes described in this statement. For example, companies we've hired to provide customer service support, to protect and secure our systems and services, or to perform sanctions screening and identity verification services may need access to personal data to provide those functions. The processing by such third parties shall be governed by a written contract with Paystack to ensure adequate protection and security measures are put in place for the protection of personal data in accordance with the terms of this Privacy Policy.

• Financial services & payment processing. When you provide payment data, for example, to make a purchase, we will share payment and transactional data with banks and other entities as necessary for payment processing, fraud prevention, credit risk reduction, or other related financial services.

• Affiliates. We enable access to personal data across our subsidiaries, affiliates, and related companies, for example, where we share common data systems or where access is needed to provide services and operate our business.

• Partners. We may share your data with companies we partner with for industry networking events, mixers, and other learning and development opportunities, but only with your explicit consent and with the option to opt out.

• Corporate transactions. We may disclose personal data as part of a corporate transaction or proceeding such as a merger, financing, acquisition, bankruptcy, dissolution, transfer, divestiture, or sale of all or a portion of our business or assets.

• Legal and law enforcement. We may access, disclose, and preserve personal data in accordance with applicable law and when we believe that doing so is necessary to comply with applicable law or respond to valid legal processes, including from law enforcement or other government agencies.

• Security, safety, and protecting rights. We will disclose personal data if we believe it is necessary to:

  • protect our Users and others, for example, to prevent fraud or to help prevent the loss of life or serious injury of anyone;

  • operate and maintain the security of our services, including to prevent or stop an attack on our computer systems or networks; or

  • protect the rights or property or ourselves or others, including enforcing our agreements, terms, and policies.

We leverage third-party analytics to analyse personal data collected through our website and apps, including account information, marketing and communications data, demographic data, content and files, geolocation data, usage data, and inferences associated with identifiers and device information (such as cookie IDs, device IDs, and IP address) as described in the Cookies section of this statement. This data is aggregated and enables us to perform analytics and track the performance of our website. For example, we use Google Analytics on our website to help us understand how users interact with our website; you can learn how Google collects and uses information at www.google.com/policies/privacy/partners.

Finally, we may share de-identified information in accordance with applicable law.

Please note that merchants, sellers, and other Users you buy from or contract with have their respective privacy policies, and although Paystack’s Merchant Terms of Use does not allow the other transacting party to use your information for anything other than as authorised by you, Paystack is not responsible for their actions, including their data protection practices. If you provide personal data to any of those third parties or allow us to share personal data with them, that data is governed by their privacy policies.

4. Cookies

Cookies are small text files stored on your device when you visit a website. They enable the site to remember your actions and preferences over time. When you visit our Website (https://paystack.com/), we use cookies to collect information such as your IP address, device identifier, browser type, operating system, information about your website use, and data regarding network-connected hardware (e.g., a computer or mobile device).

Cookies do not typically contain any information that personally identifies a user. However, the personal information we store about You may be linked to the information stored in and obtained from Cookies.

For more information on the specific types of cookies used on our Website, please see our Cookies Table.

Many internet browsers are initially set up to accept cookies automatically. Unless you have adjusted your browser settings to refuse cookies, our system will issue cookies when you direct your browser to our Website. You can refuse to accept cookies by activating the appropriate settings in your browser. However, please note that disabling cookies that are strictly necessary will likely affect our Website's functionality.

Depending on your browser, further information may be obtained via the following links:

• Firefox
• Internet Explorer
• Google Chrome
• Safari
• Opera

5. How We Protect your Information

Paystack has established adequate technical and organisational controls to protect the integrity and confidentiality of personal data, both in digital and physical format and to prevent personal data from being accidentally or deliberately compromised.

Paystack is committed to managing your data in line with applicable data protection laws and best practices. We protect your data using physical, technical, and administrative security measures to reduce the risks of loss, misuse, unauthorised access, disclosure and alteration, we also use industry-recommended security protocols to safeguard your data. Other security safeguards include but are not limited to data encryption, firewalls, and physical access controls to our building and files. They only grant access to personal data to employees who require it to fulfil their job responsibilities. Employees may have access to personal data only as is appropriate for the type and scope of the task in question and are contractually forbidden to use personal data for their own private or commercial purposes or to disclose them to unauthorised persons, or to make them available in any other way.

In compliance with the Payment Card Industry Data Security Standard (PCI DSS Requirements”), we implement access control measures, security protocols and standards, including the use of encryption and firewall technologies to ensure your card information is safe and secure in our servers, additionally, we implement periodical security updates to ensure that our security infrastructures are in compliance with reasonable industry standards.

Two-factor authentication (“2FA”) is an additional layer of security we have added to your account. When 2FA is enabled, you will be required to enter a One Time Password (OTP) (which is a verification code we have sent to you for authentication purposes), each time you checkout using Paystack on a Merchant’s website or platform. While we encourage you to enable this feature on every transaction, you may disable the 2FA feature after your initial enrolment by clicking on the toggle button to disable it. However, if you choose to disable this feature, you agree that Paystack shall not be liable for any loss or damages incurred due to your action.

Personal Data Breach

At Paystack, we take the security of personal data seriously and have implemented measures to prevent data breaches from occurring. However, in the event of a data breach, we have established procedures for reporting and managing incidents. Paystack also maintains a data breach procedure to deal with incidents concerning personal data or practices leading to the accidental or unlawful destruction, loss, alteration, unauthorised disclosure of, or access to, personal data transmitted, stored or otherwise processed. You may contact our Data Protection Officer (DPO) upon becoming aware of any breach of personal data or if your access credentials have been compromised to enable us to take the necessary steps towards ensuring the security of your data or account.

When we become aware of a data breach that affects personal data, we will notify the affected individuals and relevant authorities in accordance with applicable data protection laws and regulations. The notification will include the following information: The notification will include the following information:

• A description of the nature of the data breach, including the categories of personal data involved

• The likely consequences of the data breach

• The measures taken or proposed to be taken by Paystack to address the data breach, including any measures to mitigate its possible adverse effects

We will notify affected individuals without undue delay, but no later than 72 hours after becoming aware of the data breach, unless there are exceptional circumstances that prevent us from doing so. We will also record any data breaches and provide this information to the relevant authorities upon request.

We encourage all users and customers to take reasonable steps to protect their data, such as using strong passwords, regularly updating their account information, and reporting any suspicious activity to us immediately.

We will report any breaches that will compromise your rights and freedoms to the Relevant Authority within 72 hours of discovery.

6. Storage Limitation

We will retain your information for the following periods:

• As long as reasonably necessary for providing our services to you

• For the duration your account is active (if applicable) and we have your consent

• For the period needed to comply with our legal and statutory obligations

• As needed to verify your information with a financial institution

Paystack is statutorily obliged to retain the data you provide to process transactions, ensure settlements, make refunds, identify fraud and comply with applicable laws and regulatory guidelines.

Under Nigeria’s Money Laundering (Prevention and Prohibition) Act, we are mandated to retain transactional records (customer and beneficiary names, addresses, identification number, amount, currency etc.) for at least five years following the completion of the transaction. Under the Central Bank of Nigeria’s Framework for Mobile Payment Services in Nigeria, Paystack must maintain records of identification data, account files and relevant business correspondence for seven years following the termination of an account and/or business relationship. We keep our data retention policy under regular review.

Upon expiration of the applicable storage limitation periods, we will delete, erase, anonymise or pseudonymise any information we hold about you.

This Privacy Policy also applies when we retain your Personal Information after our relationship ends. We may also retain your Personal Information for the duration of any period necessary to establish, exercise or defend any legal rights. We may keep Personal Information indefinitely in a de-identified format for statistical purposes, which may include, for example, statistics of how you use the Services.

7. Transfer of Data

As part of our service provision, we may rely on third-party servers, resident in foreign jurisdictions, which constitutes transferring your data to computers or servers in foreign countries. An example is Paystack’s use of AWS as a cloud storage solution, with servers in Ireland. We take steps designed to ensure that the data we collect under this Privacy Policy is processed and protected according to the provisions of this Policy and applicable law, wherever the data is located.

At Paystack, we take the security of personal data seriously. When personal data needs to be transferred to a country outside of Nigeria, we implement adequate measures to ensure the data remains secure. We comply with all relevant data protection regulations and guidelines to ensure that personal data is always protected. Specifically, we use contractual terms to ensure that the personal data is adequately protected or that the country to which the data is being transferred has adequate data protection laws in place. We take additional measures to ensure that the country to which the data is being transferred meets our standards for data protection.

Should you wish to transfer your personal data to a country deemed to have inadequate data protection laws, Paystack will take all necessary steps to ensure that it is transferred under relevant, appropriate safeguards, and where relevant, with your informed consent, and that you are made aware of the risks associated with such a transfer. In any instance, Paystack will ensure personal data is transmitted safely and securely. Details of the protection given when your data is transferred abroad and details of the basis of such transfers shall be provided to you upon request.

8. Grounds for Processing of Personal Data

Processing of Personal Information by Paystack wil lbe lawful if one of the following applies:

• the Data Subject has given consent to the processing of his/her Personal Information for one or more specific purposes. You can revoke your consent by closing your Paystack account (where applicable) and/or by emailing us;

• the processing is necessary for the performance of a contract to which the Data Subject is party or to take steps at the request of the Data Subject prior to entering into a contract;

• processing is necessary for compliance with a legal obligation to which Paystack is subject;

• processing is necessary for legitimate interests pursued by Paystack or by a third party, except where such interests are overridden by the interests or fundamental rights and freedoms of the data subject, which require the protection of personal data; and

• processing is necessary for the performance of a task carried out in the public interest or in exercise of official public mandate vested in Paystack.

9. Choices and Rights

At Paystack we respect the rights of our customers and users, and we allow you to exercise them under the applicable data protection laws and regulations. Individuals who have Personal Information held by Paystack are entitled to reach out to Paystack to exercise the following rights:

• Right to request for and access any Personal Information collected and stored by Paystack. This right allows you to request a copy of your personal information held by Paystack. To exercise this right, you can submit a request to the Data Protection Officer (DPO) or to our Data Subject Rights Team at [email protected];

• Right to be informed regarding the use of your Personal Information;

• Right to be informed about appropriate safeguards in place whenever your personal information is transferred abroad;

• Right to object to automated decision making and processing. You have the right to object to the processing of your personal information and to exercise this right you can submit a request to the DPO or our Data Subject Rights Team;

• Right to request rectification and modification of Personal Information whenever you want us to correct your inaccurate or incomplete personal information which Paystack keeps;

• Right to request the deletion of their personal information;

• Right to request the movement of your personal information from Paystack to a third party - this is the right to the portability of data;

• Right to revoke consent;

• Right to object to direct marketing, and to request that Paystack restricts the processing of their information; and

• Right to submit a complaint to the Nigeria Data Protection Commission (NDPC).

• Your request will be reviewed and answered by Paystack’s Data Protection Officer within a 30-day period.

10. Compliance to Children’s Privacy

Our Services are all directed to people at least 18 years old or older.

We do not knowingly collect any “personal data” (as defined by the Nigeria Data Protection Regulation) from anyone under 18 without valid parental consent. If we become aware that we have collected such personal data without parental consent, we will take reasonable steps to delete it as soon as possible.

11. Changes to This Privacy Policy

We may need to update, modify or amend our Privacy Policy as our technology evolves and as required by law. If we materially change how we use or share personal data previously collected from you through our Services, we will provide notice or obtain consent regarding such changes as may be required by law. The Privacy Policy will apply from the effective date provided on our website.

12. Policy Violations

Any violation of this Privacy Policy should be brought to the attention of the Data Protection Officer (details below) for appropriate sanctioning and treatment.

13. Contact Paystack’s Data Protection Officer (DPO)

If you have any questions relating to this Privacy Policy or would like to find out more about exercising your data protection rights, please reach out to our DPO via email at [email protected].

For any further queries, our Data Protection Officer may be reached at the following address:

126 Joel Ogunnaike Street,

Ikeja GRA, Ikeja,

Lagos, Nigeria.

Acceptable Use Policy

By accessing or using Paystack, you agree to comply with the terms and conditions of this Acceptable Use Policy.

1. Restricted Activities

You may not use Paystack in connection with any product, service, transaction or activity that:

• violates any law or government regulation, or promotes or facilitates such by third parties;
• violates any rule or regulation of Visa, MasterCard, Verve or any other electronic funds transfer network (each, a “Card Network”);
• is fraudulent, deceptive, unfair or predatory;
• causes or threatens reputational damage to us or any Card Network;
• involves any of the business categories listed in clause 2; or
• results in or creates a significant risk of chargebacks, penalties, damages or other harm or liability.

2. Certain Business Categories

You may not use Paystack in connection with any product, service, transaction or activity that:

• falls within the Prohibition List of the Nigerian Customs Administration of the Federal Republic of Nigeria
• relates to the sale and/or purchase of:
  1. banned narcotics, steroids, certain controlled substances or other products that present a risk a consumer's safety;
  2. blood, bodily fluids or body parts;
  3. burglary tools;
  4. counterfeit items;
  5. illegal drugs and drug paraphernalia;
  6. fireworks, destructive devices and explosives;
  7. identity documents, government documents, personal financial records or personal information (in any form, including mailing lists);
  8. lottery tickets, sweepstakes entries or slot machines without the required licence;
  9. offensive material or hate speech or items that promote hate, violence, racial intolerance, or the financial exploitation of a crime;
  10. chemicals;
  11. recalled items;
  12. prohibited services;
  13. unlicensed financial services, stocks or other securities;
  14. stolen property;
  15. items that infringe or violate any copyright, trademark, right of publicity or privacy or any other proprietary right under the laws of any jurisdiction;
  16. sales of currency without BDC licence, cryptocurrency operators;
  17. obscene material or pornography;
  18. certain sexually oriented materials or services;
  19. certain firearms, firearm parts or accessories, ammunition, weapons or knives;
  20. any product or service that is illegal or marketed or sold in such a way as to create liability to Paystack; or
  21. production of military and paramilitary wears and accoutrement, including those of the Police and the Customs, Immigration and Prison Services.
• relate to transactions that:
  1. show the personal information of third parties in violation of applicable law;
  2. support pyramid or ponzi schemes, matrix programs, other "get rich quick" schemes or certain multi-level marketing programs;
  3. are associated with purchases of annuities or lottery contracts, lay-away systems, off-shore banking or transactions to finance or refinance debts funded by a credit card;
  4. pertain to ammunitions and arms; and
  5. involve gambling, gaming and/or any other activity with an entry fee and a prize, including, but not limited to casino games, sports betting, horse or greyhound racing, lottery tickets, other ventures that facilitate gambling, games of skill (whether or not it is legally defined as a lottery) and sweepstakes unless the operator has obtained prior approval from Paystack and the operator and customers are located exclusively in jurisdictions where such activities are permitted by law.

3. Actions by Paystack

If, in our sole discretion, we believe that you may have engaged in any violation of this Acceptable Use Policy, we may (with or without notice to you) take such actions as we deem appropriate to mitigate risk to Paystack and any impacted third parties and to ensure compliance with this Acceptable Use Policy. Such actions may include, without limitation:

• Blocking the settlement or completion of one or more payments;
• Suspending, restricting or terminating your access to and use of the Paystack’s Services;
• Terminating our business relationship with you, including termination without liability to Paystack of any payment service agreement between you and Paystack;
• Taking legal action against you;
• Contacting and disclosing information related to such violations to (i) persons who have sold/purchased goods or services from you, (ii) any banks or Card Networks involved with your business or transactions, (iii) law enforcement or regulatory agencies, and (iv) other third parties that may have been impacted by such violations; or
• Assessing against you any fees, penalties, assessments or expenses (including reasonable attorneys’ fees) that we may incur as a result of such violations, which you agree to pay promptly upon notice.

4. Updates, Modifications & Amendments

We may need to update, modify or amend our Acceptable Use Policy at any time. We reserve the right to make changes to this Acceptable Use Policy.

We advise that you check this page often, referring to the date of the last modification on the page.

Events Policy

This Privacy Notice describes how we process (collect, use, share, protect etc.) your personal data when you sign up for our events.

1. The data we collect

• Name and email address: To facilitate event registration and communication.

Additionally, during the event, we may collect other types of data, including:

• Photographs and Video Recordings: We may capture images and videos during the event for promotional purposes, archival records, or to share highlights with attendees post-event. Please inform us if you do not wish to be photographed or recorded.

• Attendance Data: Information about your participation in the event such as sessions attended, duration of attendance, and interaction with event features.

• Feedback and Opinions: Any feedback or opinions you provide in event surveys or questionnaires.

• Device and Connection Information: If the event is accessed via a digital platform, we may collect information about the device and internet connection used, including IP address, operating system, and browser type, for the purpose of ensuring a stable connection and optimal user experience.

• Interaction Data: Data on how you interact with the event platform, such as pages viewed, links clicked, and preferences set, to help us understand attendee engagement and improve future events.

2. How we collect your data

We collect your data through the form you fill when you register for our events.

3. Why we collect your data

• To send you additional information about the event, such as dial-in link to join our events;

• To send you updates about our future events and contents when you accept to be contacted; and

• To provide updates and resources for the event you register for

4. Lawful basis of processing

Your data will be processed on the basis of consent.

When we co-host events with our partners, they may also seek to process your data for their purposes. However, rest assured that you will be allowed to consent to this data sharing at the time of registration. If you change your mind, you retain the right to withdraw your consent at any time.

5. Who do we share your data with?

• When we host events jointly with others, we share personal data with them as joint-controllers.

• We share your data with our staff, who will manage and organise the event.

• We use Zoom to host our events and communicate event information, such as time and meeting link, with you via email.

6. How do we share the personal data you provide to us?

When you sign up for our events, we host them on third party tools such as Zoom or other event management tool, which process the data on our behalf for the purpose of hosting the event. In addition, we also use tools such as MailChimp or any other communication tool to send you marketing messages and updates about our future events and contents when you agree to be contacted.

7. How we process your data when we co-host events

Sometimes we collaborate with our partners to co-host events. When you sign up to attend the event, we share the data with our partners. However, you will be allowed to opt-in to the sharing and provided with a link to their privacy notice.

8. How we protect data

We take reasonable technical, physical and organisational measures to ensure the protection of your personal information. We also ensure that your information is safe with our partners, with whom we share your data.

9. Period of retention of your data

We delete your data one month after the event, unless you require us to contact you afterwards.

10. Your data protection rights

You have a right to access your data and ask us to correct or even erase it. You can object to processing, restrict processing and even withdraw your consent. 

If you have questions or want to contact us about data protection

You can send an email to our Data Protection Officer at [email protected].

Dispute Policy

This policy serves as a guide to establishing a robust and transparent system to manage and resolve transaction disputes. It outlines the principles, procedures, and mechanisms governing the resolution process, providing a roadmap for all parties involved. The Dispute Policy is now part of the Terms of Service and Merchant Service Agreement. When you sign the MSA or consent to the Terms of Service, you're also signing this Dispute Policy. By adhering to this policy, consumers, and stakeholders alike will benefit from a structured and consistent approach to dispute resolution.

Aim

The primary objective of this policy is to strike a balance between safeguarding the rights and interests of parties involved in a transaction and promoting timely and equitable resolutions. It is designed to promote transparency, accountability, and fairness throughout the dispute resolution process, minimising liability and disruption to ongoing business operations while also maintaining a positive reputation in the payment industry.

Introduction

A transaction dispute occurs when a cardholder or account holder registers a formal complaint against a merchant regarding ******a specific transaction. Common reasons for transaction disputes include unauthorized debits, no value received for payment made, defective products/goods, multiple transaction charges for one attempt or services not rendered as promised.

Resolving disputes involves communication between the Issuer or card scheme, Paystack and the sub-merchant. This communication requires evidence, such as receipts or transaction records and any other relevant information depending on the business category. In some cases, mediation or arbitration might be necessary to reach a satisfactory resolution.

Timelines

Fraud

Fraud claims are transactions disputed as unauthorized or fraudulent. This means that the reporting customer has reached out to their bank to complain that they didn’t initiate the transaction. Fraud claims have a time frame of 24 hours to be resolved. If not resolved within this timeline, it auto-accepts.

Sometimes, fraud reports can progress to a court order, law enforcement request or regulator request.

1. Court Order: A court order is a written direction, decision, or command delivered by a court and signed by the judge. The ruling could specify the reversal of a transaction, the release of beneficiary information to an individual or a directive to watchlist a bad actor’s BVN (Nigerian Bank Verification Number). We receive court orders from area, magistrates, district and high courts.
2. Law enforcement request: A law enforcement authority or agency may reach out to direct a refund or request more information on a transaction or merchant that has been deemed suspicious or fraudulent. This request could demand an in-person visit and Paystack is bound by laws to comply.
3. Regulator request: Paystack is bound by regulatory bodies in the regions we operate in. If a regulator reaches out for transaction or merchant information or to direct a refund, we have to comply.

Sometimes, fraud claims get reopened and this happens for various reasons, including discrepancies in receipts, incorrect beneficiary information provided during the initial resolution, and insufficient beneficiary details. Reopened fraud claims have a prompt resolution timeline of 8 hours. If not resolved within this timeline, the fraud claim is auto-accepted.

Chargebacks

Chargebacks occur when a customer requests to have a payment they made reversed. It could happen due to a duplicate transaction charge, no value for payment made, a cancelled subscription that was still charged etc.

Sometimes, chargebacks could require transaction revalidation or progress to other stages; pre-arbitration and arbitration.

• Revalidation: Revalidation is when the issuing bank reaches out after a declined chargeback to ask that the provided evidence be reviewed again for accuracy. Chargebacks reopened for revalidation reasons have a resolution timeline of 8 hours in our Nigeria market and 24 hours in our Ghana, South Africa, and Kenya markets.
• Pre-arbitration: Pre-arbitration refers to the process where an Issuer or card scheme requests further evidence from a merchant after the initial chargeback dispute, before proceeding to arbitration. Merchants have 72 hours to resolve pre-arbitration chargebacks in all markets.
• Arbitration: Arbitration involves the relevant card association stepping in to help resolve the dispute between the acquiring and issuing banks and by extension the merchant and the cardholder. We do not allow chargebacks to go into arbitration because of the possibility of a fine of up to $750 fee from the card schemes.

Liability

According to this policy and Paystack’s Terms of Service, merchants are bound by rules that limit Paystack's responsibility. We are not liable for disputes incurred by merchants using our services. We are also not involved in the decision-making of dispute outcomes as this is left to the customer’s bank and card networks.

The information merchants provide to Paystack directly or through a representative is expected to be accurate and complete. By using Paystack's Payments Services, they are responsible for paying the full amount of any disputes (chargebacks and fraud claims), refunds, fines, or penalties that may arise from their use of the service, regardless of any agreements to share liability. These obligations are described in more detail in the Paystack Terms of Service.

Card Networks and Paystack don't accept high dispute rates from merchants. This is because high dispute rates suggest that the merchant(s) might not be delivering products or services to cardholders. A high dispute rate results in an increase in operational tasks and costs for all parties, including the Card Network, Issuing Bank, and Paystack.

There are specific liability scenarios we’ve seen arise from time to time. These are outlined below and will be updated when new situations come up:

1. Auto-accepted/Accepted disputes: Merchant liability
2. Court Orders: Merchant Liability
3. Fraud Chargebacks: Merchant Liability
4. Pre-arbitration chargebacks: Merchant Liability
5. Regulatory sanctions and fines: Merchant Liability (except directive originated from gap or loophole in Paystack processes)
6. Card scheme fines such as remediation and arbitration fines:
   Arbitration fines: Merchant Liability
   Remediation fines: Merchant Liability (where a merchant is flagged & where a merchant contributes the most to the flagged fraud value or ratio)
7. Law enforcement visits and requests:
   Paystack obligation. The affected merchant(s) gets looped in when directly referenced or invited by the requesting agency/authority.

Dispute Thresholds

At Paystack, we track the dispute rates for our merchants and alert them when they are close to breaching the limit. This helps us detect spikes early enough and avoid the monthly fines and additional fees associated with monitoring programs from card networks. For thresholds set by the Card Schemes, we published an article on Dispute Monitoring Programs.

 

Paystack Fraud Thresholds:

Chargeback

Theshold	Dispute Count	Dispute Ratio
Normal	100	0.1%
Early Warning	100 - 499	0.1 - 0.49%
High	500 - 999	0.5 - 1.0%
Excessive	>1000	>1.0%

Fraud

Theshold	Fraud Count	Fraud Ratio
Normal	<USD 250	<0.1%
Early Warning	USD 250 - USD 999	0.1 - 0.49%
High	USD 1000 - USD 2000	0.5 - 1.0%
Excessive	>USD 2000	>1.0%

Dispute Cost

Merchants do not get charged for receiving or resolving disputes. However, for any accepted or auto-accepted disputes, the transaction value is reversed in full (except where the merchant accepted a dispute partially) and deducted from the merchant’s next settlement. This is because our processing fees are not refundable.

According to our Terms of Service, merchants are responsible and have indemnified Paystack against any claims (including legal fees) from third parties, such as Card Networks, Issuers, and Acquirers, resulting from the merchant's violation of the Merchant Service Agreement, applicable laws, or card network rules for the payment methods in use.

Dispute Period

Disputes may happen long after a transaction, but even if the Merchant Service Agreement is terminated or a business is closed, Paystack is still entitled to recover dispute amounts, dispute fees, transaction reversals, and fines related to transactions processed during the agreement's term from the merchant.

Resolution

Disputes should be resolved within specified timeframes by merchants with either an accept or decline response:

• Accept: Merchant accepting a dispute means they’re yet to give value or can recover value. After accepting, the transaction is refunded and the transaction value is deducted from the merchant’s next settlement.
• Decline: Merchant declining a dispute means they’ve already delivered value and will be unable to recoup or salvage it. Declining a dispute requires a transaction receipt and for fraud claims, additional information such as beneficiary details and KYC, details of funds utilisation and details of any transfers or withdrawals made is needed.

Right To Information Sharing

Paystack has the right to share information about a merchant and their transactions with regulators, acquirers, issuers, law enforcement, and other authorities to comply with legal requirements. This sharing is important to prevent fraud, investigate suspicious transactions, and maintain the security of our payment systems.

By cooperating with these entities, we help detect, prevent and give relevant information on financial crimes, ensuring the safety of everyone involved in the payment process. This information sharing is also crucial for us to fulfil our responsibilities as a trusted intermediary, allowing us to respond quickly to potential risks and support a transparent payment environment that promotes trust for all parties.

Terms of Use

By using this website (www.paystack.com), any of our websites and/or services, you agree to these Terms of Use. The website Privacy Policy, Acceptable Use Policy, Dispute Policy, and Merchant Terms of Service (where applicable) are incorporated by reference into these Terms of Use.

About Us

Paystack (“we”, “us” or “our”) is a payment solution provider that facilitate online payment through its payment gateway and in-person payment through its Point-of-Sale (PoS) Terminal which makes it easy for merchants to accept credit and debit card payments online and at physical retail locations from users or customers.

We are an independent contractor for all purposes, providing this website and our services on an independent service provider basis. We do not have control or assume the liability or legality for the products or services that are paid for with our service. We do not guarantee any user’s identity and cannot ensure that a buyer or seller will complete a transaction.

This Terms of Use is an agreement between you and Paystack. It details Paystack’s obligations to you. It also highlights certain risks on using the services and you must consider such risks carefully as you will be bound by the provision of this Agreement through your use of this website or any of our services.

Privacy Policy

Paystack is committed to managing your Personal Information in line with global industry best practices. You can read our Privacy Policy to understand how we use your information and the steps we take to protect your information.

Age Restriction

Our website and services are not directed to children under 18. We do not knowingly transact or provide any services to children under 18.

Disputes & Reversal

If you believe that an unauthorized or otherwise problematic transaction has taken place, you agree to notify us immediately, to enable us take action to help prevent financial loss.

All claims against us related to payments should be made within 45 (forty-five) days after the date of such payment. It will be taken that you waive all claims against us, to the fullest extent of the law after the said period of time.

If you enter into a transaction with a third party and have a dispute over the goods or services you purchased, we have no liability for such goods or services. Our only involvement with regard to such transactions is as a payment gateway and a PoS Terminal provider.

We may intervene in disputes between users and merchants concerning payments but have no obligation to do so.

Your transaction ID and/or transaction details will be required to resolve all disputes.

Acceptable Use Policy

You are independently responsible for complying with all applicable laws related to your use of our website and services. However, by accessing or using Paystack, you agree to comply with the terms and conditions of our Acceptable Use Policy which you can read on our Acceptable Use Policy page.

Disclaimers

WE TRY TO KEEP PAYSTACK AVAILABLE AT ALL TIMES, BUG-FREE AND SAFE, HOWEVER, YOU USE IT AT YOUR OWN RISK.

OUR WEBSITE AND SERVICES ARE PROVIDED “AS IS” WITHOUT ANY EXPRESS, IMPLIED AND/OR STATUTORY WARRANTIES (INCLUDING, BUT NOT LIMITED TO, ANY IMPLIED OR STATUTORY WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR USE OR PURPOSE, TITLE, AND NON-INFRINGEMENT OF INTELLECTUAL PROPERTY RIGHTS). WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, PAYSTACK MAKES NO WARRANTY THAT OUR WEBSITE AND SERVICES WILL MEET YOUR REQUIREMENTS OR THAT OUR WEBSITE WILL BE UNINTERRUPTED, TIMELY, SECURE, OR ERROR FREE. NO ADVICE OR INFORMATION, WHETHER ORAL OR WRITTEN, OBTAINED BY YOU THROUGH OUR WEBSITE OR FROM PAYSTACK, ITS PARENTS, SUBSIDIARIES, OR OTHER AFFILIATED COMPANIES, OR ITS OR THEIR SUPPLIERS (OR THE RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES, OR AGENTS OF ANY SUCH ENTITIES) (COLLECTIVELY, "PAYSTACK PARTIES") SHALL CREATE ANY WARRANTY.

Limitation of Liability

IN NO EVENT WILL ANY OF THE PAYSTACK PARTIES BE LIABLE FOR (A) ANY INDIRECT, SPECIAL, CONSEQUENTIAL, PUNITIVE, OR EXEMPLARY DAMAGES OR (B) ANY DAMAGES WHATSOEVER IN EXCESS OF THE AMOUNT OF THE TRANSACTION OR TWENTY THOUSAND UNITED STATES DOLLARS (US$20,000.00) DOLLARS, WHICHEVER IS LESSER (INCLUDING, WITHOUT LIMITATION, THOSE RESULTING FROM LOSS OF REVENUES, LOST PROFITS, LOSS OF GOODWILL, LOSS OF USE, BUSINESS INTERRUPTION, OR OTHER INTANGIBLE LOSSES), ARISING OUT OF OR IN CONNECTION WITH PAYSTACK’S WEBSITE OR SERVICES (INCLUDING, WITHOUT LIMITATION, USE, INABILITY TO USE, OR THE RESULTS OF USE OF PAYSTACK’S WEBSITES OR SERVICES), WHETHER SUCH DAMAGES ARE BASED ON WARRANTY, CONTRACT, TORT, STATUTE, OR ANY OTHER LEGAL THEORY.

Exclusions

Some jurisdictions do not allow the exclusion of certain warranties or the limitation or exclusion of liability for certain damages. Accordingly, some of the above disclaimers and limitations of liability may not apply to you. To the extent that any Paystack Party may not, as a matter of applicable law, disclaim any implied warranty or limit its liabilities, the scope and duration of such warranty and the extent of the Paystack’s Party's liability shall be the minimum permitted under such applicable law.

Updates, Modifications & Amendments

We may need to update, modify or amend our Terms of Use as our technology evolves. We reserve the right to make changes to this Terms of Use at any time by giving notice to users on this page.

We advise that you check this page often, referring to the date of the last modification on the page If a user objects to any of the changes to the Terms of Use, the User must cease using our website and/or services immediately.

Applicable Law

These Terms of Use shall be interpreted and governed by the laws currently in force in the Federal Republic of Nigeria.

Legal Disputes

We shall make an effort to settle all disputes amicably. Any dispute arising out of this Terms of Use, which cannot be settled, by mutual agreement/negotiation within 1 (one) month shall be referred to arbitration by a single arbitrator at the Lagos Multi-Door Courthouse (“LMDC”) and governed by the Arbitration and Conciliation Act, Cap A10, Laws of the Federal Republic of Nigeria. The arbitrator shall be appointed by both of us (we and you), where both of us are unable to agree on the choice of an arbitrator, the choice of arbitration shall be referred to the LMDC. The findings of the arbitrator and subsequent award shall be binding on both of us. Each of us shall bear our respective costs in connection with the Arbitration. Venue for the arbitration shall be Lagos, Nigeria.

Severability

If any portion of these Terms of Use is held by any court or tribunal to be invalid or unenforceable, either in whole or in part, then that part shall be severed from these Terms of Use and shall not affect the validity or enforceability of any other part in this Terms of Use.

Merchant Services Agreement

Introduction

Paystack Payments Limited (“Paystack”) is a limited liability company incorporated under the laws of Nigeria and licensed by the Central Bank of Nigeria (“CBN”). Paystack facilitates payments and provides payment infrastructure to Merchants.

This Merchant Services Agreement (“MSA” or “this Agreement”) is a legal and binding agreement between Paystack and you, (“you”, “the Merchant”) who has set up a Paystack account to access the Services offered by Paystack (“Paystack Account”). It provides a general description of the Services that Paystack may provide to you, including those that allow you to accept payments from purchasers of your goods or services or donors to your organization (your “Customers”). 

This Agreement incorporates: 

• Paystack’s Terms of Use, Acceptable Use Policy and Dispute Policy (as amended from time to time) which is linked to above.

• Merchant Privacy Policy (as amended from time to time) which can be found on your Paystack Dashboard (“Privacy Policy”).

• The Data Processing Agreement (as amended from time to time), accepted or executed alongside this MSA. 

You may not access or use any of Paystack’s Services unless You agree to abide by all of the Terms and Conditions as contained in this Agreement.

This MSA is divided into five (5) sections.

Section A: General Terms and Conditions. 

Section B:  Payment Processing Services

• Card Payments.

• Bank and USSD payments.

• QR payments.

• Terminal Payments

• Other payment processing activities

Section C: Paystack’s Technology

Section D: Settlement, Fees, Taxes and Disputes

Section E: Data Usage, Privacy and Security

Annexure A: Definitions
 

Section A: General Terms and Conditions

1. Your Paystack Account: 

1.1. Registration and Permitted Activities: 

Only businesses (including sole proprietors), government institutions, bona fide charitable organizations, and other entities or persons located in Nigeria are eligible to create a Paystack Account and use the Services described in this Agreement. Paystack and its affiliates may provide Services to you or your affiliates in other countries or regions under separate agreements. 

To register for a Paystack Account, you or the person or people submitting the application (your “Representative”) must provide us with your business or trade name, physical address, email, phone number, business registration or registered company number, URL, the nature of your business or activities, and certain other information about you that we require. We may also collect personal information (including name, date of birth, and government-issued identification number) about your beneficial owners, principals, and your Paystack Account administrator or Representative. Until you have submitted, and we have reviewed and approved all required information, your Paystack Account will be available to you on a preliminary basis only, and we may terminate it at any time and for any reason.

You agree not to allow anyone else to have or use your password details and to comply with all reasonable instructions we may issue regarding access to and security of your Paystack Account. Paystack will not be liable to you for losses or damages you may suffer in the event that you share your password or as a result of unauthorised use of your password. You will also take all reasonable steps to protect the security of the personal electronic device through which you access Paystack’s Services (including, without limitation, using PIN and or password protected personally configured device functionality to access Paystack’s Services and not sharing your device with other people).

If you use our Payment Services, your name (or the name used to identify you) may appear on your Customers’ bank or other statements. To minimize confusion and avoid potential disputes, these descriptors must be recognizable to your Customers and must accurately describe your business or activities. You may only use Pasytack’s Payment Services to facilitate Transactions (as defined below in paragraph 2) with your Customers. You may not use Paystack’s Payment Services for any prohibited business activities as set out in clause 4.2 of Section A below.

1.2. Business Representatives and Underage: 

You and your Representative individually affirm to Paystack that your Representative is authorised to provide the information described in Section 1.1 above on your behalf and to bind you, the Merchant to this Agreement. We may require you or your Representative to provide additional information or documentation demonstrating your Representative’s authority. Without the express written consent of Paystack, neither you nor your Representative may register or attempt to register for a Paystack Account on behalf of a user Paystack previously terminated from use of the Services.

If you are a sole proprietor, you are personally responsible and liable for your Representative’s use of the Services and your obligations to Customers, including payment of any amounts owed under this Agreement.

You may not use the Services if you are under 18 years of age.

1.3 Validation and Underwriting: 

At any time during the term of this Agreement and your use of the Services, we may require additional information from you to verify beneficial ownership or control of the business, validate information you provided, verify you or your Representative’s identity, and assess your financial condition and the risk associated with your business. This additional information may include business invoices or utility bills, copies of government-issued identification, business licences, or other information related to your business, its beneficial owners or principals. If you use Paystack’s Payment Services, we may also request that you provide copies of financial statements, reporting and validating documentation that allows us to calculate outstanding credit exposure/risk of loss, or other records pertaining to your compliance with this Agreement. We may also require you to provide a personal or company guarantee for your obligations under this Agreement. Your failure to provide this information or material may result in suspension or termination of your Paystack Account.

You authorise us to retrieve information about you from our service providers and other third parties, including credit reporting agencies and information bureaus and you authorise and direct such third parties to compile and provide such information to us. You acknowledge that this may include your name, addresses, credit history, and other data about you or your Representative. You acknowledge that we may use your information to verify any other information you provide to us, and that any information we collect may affect our assessment of your overall risk to our business. You acknowledge that in some cases, such information may lead to suspension or termination of your Paystack Account. Paystack may periodically update this information as part of our underwriting criteria and risk analysis procedures.

1.4 Changes to your Business, Keeping your Paystack Account Current:  

You agree to keep the information in your Paystack Account current. You must promptly update your Paystack Account with any changes affecting you, the nature of your business activities, your Representatives, beneficial owners, principals, or any other pertinent information. We may suspend your Paystack Account or terminate this Agreement if you fail to keep this information current.

You also agree to promptly notify us in writing immediately and in any event no more than three (3) days after any of the following occur: 

1. you are the subject of any voluntary or involuntary winding up or insolvency application, petition or proceeding, receivership, or similar action;

2. there is an adverse change in your financial condition (or you reasonably expect there to be such a change in the future); 

3. there is a planned or anticipated liquidation or substantial change in the basic nature of your business; 

4. you transfer or sell 25% or more of your total assets, or business undertaking or there is any change in the control or ownership of your business or parent entity; 

5. there is a change in the regulatory status of your business or your business has been notified that it is the subject of an investigation or enforcement action by a regulator or law enforcement;  

6. you receive a judgment, writ or warrant of attachment or execution, lien or levy against 25% or more of your total assets; or

7. you establish a presence in a jurisdiction outside of Nigeria in respect of which you intend to submit Transactions.

2. Your Relationship with Your Customers

You may only use the Services for legitimate Transactions with your Customers. You know your Customers better than we do, and you are responsible for your relationship with them. You are expected to conduct appropriate KYC on your Customers and obtain KYC information including but not limited to customer name, email address, phone number, service purchased and delivery address. You agree to provide Paystack with the KYC information about your customers  when required.

Paystack is not responsible for the products or services you publicize or sell, or that your Customers purchase using the Payment Services; or if you accept donations, for your communication to your Customers of the intended use of such donations. You affirm that you are solely responsible for the nature and quality of the products or services you provide, and for delivery, support, refunds, returns, and for any other ancillary services you provide to your Customers. Paystack will not be a party to any Claim or actions between you, the Merchant and your Customers.

Paystack provides Payment Services to you, the Merchant but we have no way of knowing if any Transaction is accurate or complete, or typical for your business. You are responsible for knowing whether a Transaction initiated by your Customer is erroneous (such as a Customer purchasing one item when they are meant to order another) or suspicious (such as unusual or large purchases, or a request for delivery to a foreign country where this typically does not occur). If you are unsure if a Transaction is erroneous or suspicious, you agree to review the Transaction and, if necessary, contact your Customer before fulfilling or completing the Transaction. You are solely responsible for any losses you incur due to erroneous or fraudulent Transactions in connection with your use of the Services and you undertake to fully indemnify us for any loss we may suffer.

Paystack reserves the right to suspend and or cancel and reverse a Transaction(s) that appear to be erroneous, suspicious or fraudulent without liability to you or a Customer. Where we suspend and or cancel and reverse a Transaction, we will notify you of this in writing,

3. Services and Paystack Account Support

We will provide you with support to resolve general issues relating to your Paystack Account and your use of the Services. This support includes resources and documentation that we make available to you through the current versions of Paystack’s support pages, API document, and other pages on our website. The most efficient way to get answers to your questions is to review our Documentation. If you still have questions after reviewing the Documentation, please contact us by sending an email to [email protected]. 

You are solely responsible for providing support to your Customers regarding Transaction receipts, product or service delivery, support, returns, refunds, and any other issues related to your products and services and business activities. We are not responsible for providing support for the Services to your Customers unless we agree to do so in a separate agreement with you or one of your Customers.

4. Services Requirements, Limitations and Restrictions

4.1. Compliance with Applicable Laws

You must use the Services in a lawful manner and must obey all Laws applicable to your use of the Services and to Transactions. As applicable, this may include compliance with domestic and international Laws related to the use or provision of financial services, notification and consumer protection, unfair competition, privacy, and false advertising, and any other Laws relevant to Transactions.

4.2. Restricted Businesses and Activities

You may not use the Services to enable any person (including you) to benefit from any activities Paystack has identified as restricted or prohibited business (“Restricted Businesses”). Restricted Businesses include use of the Services in or for the benefit of a country, organization, entity, or person embargoed or blocked by any government, including those on sanctions lists identified by the United States Office of Foreign Asset Control (OFAC). 

Please review the list of restricted businesses in our Acceptable Use Policy thoroughly before registering for and opening a Paystack Account. If you are uncertain whether a category of business or activity is restricted or have questions about how these restrictions apply to you, please contact us. We may add to or update the Restricted Business List at any time without prior notice.

4.3. Other Restricted Activities

You may not use the Services to facilitate illegal Transactions. In addition, you may not allow, and may not allow others to:

1. access or attempt to access non-public Paystack systems, programs, data, or services; 

2. copy, reproduce, republish, reverse engineer, upload, post, transmit, resell, or distribute in any way, any data, content, or any part of the Services, Documentation, or our website except as expressly permitted by applicable Laws;

3. transfer any rights granted to you under this Agreement; 

4. work around any of the technical limitations of the Services or enable functionality that is disabled or prohibited; 

5. reverse engineer or attempt to reverse engineer the Services; 

6. perform or attempt to perform any actions that would interfere with the normal operation of the Services or affect use of the Services by our other users; or 

7. impose an unreasonable or disproportionately large load on the Service. 

5. Suspicion of Unauthorised or Illegal Use

We may refuse, condition, or suspend any Transactions that we believe: (a) may violate this Agreement or other agreements you may have with Paystack; (b) are unauthorised, fraudulent or illegal; or (c) expose you, Paystack, or others to risks unacceptable to Paystack. If we suspect or know that you are using or have used the Services for unauthorised, fraudulent, or illegal purposes, we may share any information related to such activity with the appropriate financial institution, regulatory authority, or law enforcement agency consistent with our legal obligations. This information may include information about you, your Paystack Account, your Customers, and Transactions made through your use of the Services.

6. Disclosures and Notices; Electronic Signature Consent

6.1. Consent to Electronic Disclosures and Notices

By registering for a Paystack Account, you agree that such registration constitutes your entering into an Agreement with Paystack for the provision of Service. You further consent to the electronic provision of all disclosures and notices from Paystack (“Notices”), including those required by Law. You also agree that your electronic consent will have the same legal effect as a physical.

6.2. Methods of Delivery

You agree that Paystack can provide Notices regarding the Services to you through our website or through the Dashboard (as defined below), or by mailing Notices to the email or physical addresses identified in your Paystack Account. Notices may include notifications about your Paystack Account, changes to the Services, or other information we are required to provide to you. You also agree that electronic delivery of a Notice has the same legal effect as if we provided you with a hard copy. We will consider a Notice to have been received by you within 24 hours of the time a Notice is either posted to our website or emailed to you.

6.3. SMS and Text Messages

In the event of a suspected or actual fraud or security threat to your Paystack Account, Paystack will use SMS, email or another secure procedure to contact you. Standard text or data charges may apply to such Notices. 

6.4. Requirements for Delivery

It should come as no surprise to you that you will need a computer or mobile device, internet connectivity, and an updated browser to access your Dashboard and review the Notices provided to you. If you are having problems viewing or accessing any Notices, please contact us and we can find another means of delivery.

6.5. Withdrawing Consent

By creating your Paystack Account you have agreed to enter into an Agreement with Paystack in relation  to using the Service and receiving Notices electronically. However, you may choose to withdraw your consent to receive Notices electronically by contacting us. If you no longer wish to use the Services, you may terminate your Paystack Account.

7. Confidentiality and Non-Disclosure

7.1. 

Each Party, You and Paystack (the “Receiving Party”) will take all reasonable precautions to protect Confidential Information of the other party (the “Disclosing Party”), including all precautions the Receiving Party employs with respect to its confidential materials of a similar nature. The Receiving Party will not disclose the Disclosing Party’s Confidential Information to any third party without the Disclosing Party’s prior written permission, except permission will not be required when the disclosure is: (a) to the Receiving Party’s Affiliates; and (b) where Paystack is the Receiving Party, to Payment Method Acquirers and Payment Method Providers, and their respective Affiliates, and to Paystack third party service providers. In all cases, the Receiving Party must ensure that the third-party recipients do not use or disclose the Confidential Information other than in accordance with this Agreement. The Receiving Party may also disclose the Disclosing Party’s Confidential Information to the extent required by Law or court order, as long as the Receiving Party uses reasonable efforts to limit disclosure and to obtain confidential treatment or a protective order and has, to the extent reasonably possible, allowed the Disclosing Party to participate in the proceeding. 

7.2. 

The restrictions and obligations in Clause 7.1 will not apply with respect to any information that the Receiving Party documents or receives: (a) is, through no improper action or inaction by the Receiving Party or its Affiliate, agent, consultant or employee, generally available to the public; (b) was in its possession or known by it without restriction prior to receipt from the Disclosing Party; (c) was rightfully disclosed to it by a third party without breach of any obligation of confidentiality; or (d) was independently developed by the Receiving Party’s employees who have had no access to such information.

7.3. 

Paystack will only use Personal Data as permitted by this Agreement, by other agreements between you and us, or as otherwise directed or authorised by you through written instructions. Our employees that process Personal Data obtained from you are bound to a duty of confidence, with professional secrecy clauses incorporated into their contracts.

8. Termination

8.1.

This Agreement is effective upon the date you first access or use the Services and continues until terminated by you or Paystack. You may terminate this Agreement by closing your Paystack Account at any time and ceasing to use the Service. If you use the Services again or register for another Paystack Account, you are consenting to this Agreement. We may terminate this Agreement or close your Paystack Account at any time for any reason (including, without limitation, for any activity that may create harm or loss to the goodwill of a Payment Method) by providing you advance Notice (which shall not be less than 24 hours). We may suspend your Paystack Account and your ability to access the Services, or terminate this Agreement, on immediate Notice if: 

1. we determine in our sole discretion that you are ineligible for the Services because of significant fraud or credit risk, or any other risks associated with your Paystack Account; 

2. you use the Services in a prohibited manner or otherwise do not comply with any of the provisions of this Agreement; 

3. any Law, Payment Method Provider or Payment Method Acquirer requires us to do so;

4. we are otherwise entitled to do so under this Agreement. A Payment Method Provider or Payment Method Acquirer may terminate your ability to accept a Payment Method, at any time and for any reason, in which case you will no longer be able to accept the Payment Method under this Agreement; 

5. we receive a regulatory directive to do so; 

6. you suspend, or threaten to suspend, payment of your debts or you are unable to pay your debts as they fall due or you admit an inability to pay its debts or you are otherwise deemed to be insolvent in accordance with the laws applying to you; or

7. your Dispute rate consistently crosses acceptable thresholds set by the Payment Method Provider or Payment Method Acquirer  and Paystack, or you keep receiving excessive Disputes.

8.2. Effect of Termination 

1. Termination of this Agreement or your Paystack Account does not immediately relieve you of obligations incurred by you under this Agreement. Upon termination, you agree to (i) complete all pending Transactions, (ii) stop accepting new Transactions, and (iii) immediately remove all Paystack and Payment Method’s logos from your website (unless permitted under a separate licence with the Payment Method). Your continued or renewed use of the Services after all pending Transactions have been processed serves to renew your consent to the terms of this Agreement. If you terminate this Agreement, we will liaise with our Payment Method Acquirers to pay out any remaining funds owed to you in accordance with the provisions of this Agreement. 

2. In addition, upon termination of this Agreement and or your Paystack Account,  you understand and agree that (i) all licences granted to you by Paystack under this Agreement will end; (ii) subject to the Data Processing Agreement, we reserve the right (but have no obligation) to delete all of your information and account data stored on our servers; (iii) we will not be liable to you for compensation, reimbursement, or damages related to your use of the Services, or any termination or suspension of the Services or deletion of your information or account data; and (iv) you are still liable to us for any Fees or Fines, or other financial obligation incurred by you or through your use of the Services prior to termination including but not limited to Disputes. 

3. Upon termination of this Agreement or your Paystack Account, we reserve the right to withhold a percentage of your pending settlements to service any Disputes from your transactions. This is subject to your Dispute volume and value.

4. Any provision of this Agreement that expressly or by implication is intended to come into or continue in force on or after termination or expiry of this Agreement (including Sections 7) shall remain in full force and effect.

9. Right to Amend

We have the right to change or add to the terms of this Agreement at any time and to change, delete, discontinue, or impose conditions on use of the Services by posting such changes on our website. We will provide you with Notice of any changes through the Dashboard, via email, or through other reasonable means. If you are an existing Paystack user, the changes will come into effect on the date we specify in the Notice, and your use of the Services, API, or Data after a change has taken effect, constitutes your acceptance of the terms of the modified Agreement. You can access a copy of the current terms of this Agreement on our website or your Dashboard at any time. You can find out when this Agreement was last changed by checking the “Last updated” date at the top of the Agreement.

10. Assignment

You may not assign this Agreement, any rights or licences granted in this Agreement, or operation of your Paystack Account to others without our prior written consent. If you wish to make such an assignment, please contact us. If we consent to the assignment, the assignee must agree to assume all of your rights and obligations owed by you related to the assignment and must agree to comply with the terms of this Agreement. Paystack may assign this Agreement without your consent or any other restriction. If we make an assignment, we will provide a reasonable Notice to you.

11. Right to Audit

If: 

1. we believe that a security breach, leak, loss, or compromise of Data (including Personal Data) has occurred on your systems, website, or app affecting your compliance with this Agreement (including any Card Scheme Rules or the rules of a Payment Method Provider which you are required to comply with under the terms of this Agreement);

2. we believe that you have breached a requirement of PCI-DSS or PA-DSS which you are subject to under this Agreement; or

3.  or an audit is required by a Payment Method Provider, a Card Scheme or a regulator, then we may require you to permit a third-party auditor approved by us to conduct a security audit of your systems and facilities, and you must fully cooperate with any requests for information or assistance that the auditor makes to you as part of the security audit. The auditor will issue a report to us which we may share with our Payment Method Providers, Payment Method Acquirers and any government body or regulatory agency. You shall indemnify us for all costs which we incur as a result of said audit.

12. No Agency; Third Party Services

Except as expressly stated in this Agreement, nothing in this Agreement serves to establish a partnership, joint venture, or other agency relationship between you and us, or with any Payment Method Provider. Each party to this Agreement, and each Payment Method Provider and Payment Method Acquirer, is an independent contractor. Unless a Payment Method Provider or Payment Method Acquirer expressly agrees, neither you nor we have the ability to bind a Payment Method Provider or Payment Method Acquirer to any contract or obligation, and neither party will represent that you or we have such an ability.

We may reference or provide access to third-party services, products, and promotions that utilize, integrate, or provide ancillary services to the Services (“Third-Party Services”). These Third-Party Services are provided for your convenience only and do not constitute our approval, endorsement, or recommendation of any such Third-Party Services for you. You access and use any Third-Party Service based on your own evaluation and at your own risk. You understand that your use of any Third-Party Service is not governed by this Agreement. If you decide to use a Third-Party Service, you will be responsible for reviewing, understanding and accepting the terms and conditions associated with its use. We expressly disclaim all responsibility and liability for your use of any Third-Party Service. Please also remember that when you use a Third-Party Service, our Privacy Policy is no longer in effect. Your use of a Third-Party Service, including those that have a link on our website, is subject to that Third-Party Service’s own terms of use and privacy policies.

13. Force Majeure 

Neither party will be liable for any delays in processing or other non-performance caused by telecommunications, utility failures, or equipment failures;  industrial labour strike, riots, war, or terrorist attacks; non performance of our vendors or supplier, epidemic, pandemic, fires or acts of nature; action of government entities or any other event over which the respective party has no reasonable control. However, nothing in this section will affect or excuse your liabilities or your obligation to pay Fees, Fines, Disputes, refunds, Reversals, or Returns under this Agreement.

14. Your Liability For Third-Party Claims Against Us

Without limiting, and in addition to, any other obligations that you may owe under this Agreement, you are at all times responsible for the acts and omissions of your employees, Representatives, contractors and agents, to the extent such persons are acting within the scope of their relationship with you.

You agree to defend Paystack, our Affiliates, and their respective employees, agents, and service providers (each a “Paystack Entity”) against any claim, suit, demand, loss, liability, damage, action, or proceeding (each, a “Claim”) brought by a third party against a Paystack Entity as a result of your use of the Services or your actions, and you agree to fully reimburse the Paystack Entities for any Claims that result from: (a) your breach of any provision of this Agreement; (b) any Fees, Fines, Disputes, refunds, Reversals, returns, or any other liability we incur that results from your use of the Services; (c) negligent or wilful misconduct of your employees, Representatives, contractors, or agents; or (d) contractual or other relationships between you and Customers (e) failure to obtain any regulatory approvals or permits required to operate your business (f) court order claims, fines or legal sanctions arising from your use of the Service.

Important Note for Sole Proprietors: If you are using the Services as a sole proprietor, please keep in mind that the Law and the terms of this Agreement consider you and your business to be legally one and the same. You are personally responsible and liable for your use of the Services, payment of Fees, refunds, Reversals, Fines, losses based on Disputes or fraud, Claim or for any other amounts you owe under this Agreement and for all other obligations to us and to your Customers. You risk personal financial loss if you fail to pay any amounts owed. 

15. Representations and Warranties

By accepting the terms of this Agreement, you represent and warrant that: (a) you are eligible to register and use the Services and have the authority to execute and perform the obligations required by this Agreement; (b) any information you provide us about your business, products, or services is accurate and complete; (c) any Charges represent a Transaction for permitted products, services, or donations, and any related information accurately describes the Transaction; (d) you will fulfil all of your obligations to Customers and will resolve all Disputes with them; (e) you will comply with all Laws applicable to your business and use of the Services; (f) your Representatives,  employees, contractors and agents will at all times act consistently with the terms of this Agreement; (g) you will not use the Services for illegal or unauthorised transactions or services or Restricted Business;  (h) you will not use the Services, directly or indirectly, for any fraudulent or illegal undertaking, or in any manner that interferes with the normal operation of the Services; and (i) you are duly organised, authorised and in good standing under the laws of the Federal Republic of Nigeria or any state, region or country of your organisation and are duly authorised to do business in all other states, regions or countries in which your business operates.

16. No Warranties 

We provide the Services and Paystack’s IP “as is” and “as available”, without any express, implied, or statutory warranties of title, merchantability, fitness for a particular purpose, noninfringement, or any other type of warranty or guarantee. No Data, Documentation or any other information provided by Paystack or obtained by you from or through the Services — whether from Paystack or another Paystack Entity, and whether oral or written — creates or implies any warranty from a Paystack Entity to you.

You affirm that no Paystack Entity controls the products or services that you offer or sell or that your Customers purchase using the Services. You understand that we cannot guarantee and we disclaim any knowledge that your Customers possess the authority to make, or will complete, any transaction.

The Paystack Entities disclaim any knowledge of, and do not guarantee: (a) the accuracy, reliability, or correctness of any Data provided through the Services; (b) that the Services will meet your specific business needs or requirements; (c) that the Services will be available at any particular time or location, or will function in an uninterrupted manner or be secure; (d) that Paystack will correct any defects or errors in the Service, API, Documentation, or Data; or (e) that the Services are free of viruses or other harmful code. Use of data you access or download through the Services is done at your own risk — you are solely responsible for any damage to your property, loss of Data, or any other loss that results from such access or download. You understand that the Paystack Entities make no guarantees to you regarding Transaction processing times or Payouts.

Nothing in this Agreement operates to exclude, restrict or modify the application of any implied condition, warranty or guarantee, or the exercise of any right or remedy, or the imposition of any liability under law where to do so would: (a) contravene that law; or (b) cause any term of this Agreement to be void.

17. Indemnity

You, as the Merchant, hereby agree to assume full responsibility for defending, indemnifying, and holding Paystack, its officers, directors, employees, agents, licensors, and suppliers harmless from any claims, actions, or demands, as well as liabilities and settlements, including but not limited to reasonable legal and accounting fees.

18. Limitation of Liability

Under no circumstances will any Paystack Entity be responsible or liable to you for any indirect, punitive, incidental, special, consequential, or exemplary damages resulting from your use or inability to use the Services or for the unavailability of the Services, for lost profits, personal injury, or property damage, or for any other damages arising out of, in connection with, or relating to this Agreement or your use of the Services, even if such damages are foreseeable, and whether or not you or the Paystack Entities have been advised of the possibility of such damages. The Paystack Entities are not liable, and deny responsibility for, any damages, harm, or losses to you arising from or relating to hacking, tampering, or other unauthorised access or use of the Services, your Paystack Account, or Data, or your failure to use or implement anti-fraud measures, Security Controls, or any other data security measure. The Paystack Entities further deny responsibility for all liability and damages to you or others caused by (a) your access or use of the Services inconsistent with the Documentation; (b) any unauthorised access of servers, infrastructure, or Data used in connection with the Services; (c) interruptions to or cessation of the Services; (d) any bugs, viruses, or other harmful code that may be transmitted to or through the Services; (e) any errors, inaccuracies, omissions, or losses in or to any Data provided to us; (f) third-party content provided by you; or (g) the defamatory, offensive, or illegal conduct of others.

You agree to limit any additional liability not disclaimed or denied by the Paystack Entities under this Agreement to your direct and documented damages; and you further agree that under no circumstances will any such liability exceed in the aggregate the amount of Fees paid by you to Paystack during the three-month period immediately preceding the event that gave rise to your claim for damages.

These limitations on our liability to you will apply regardless of the legal theory on which your claim is based, including contract, tort (including negligence), strict liability, or any other theory or basis.

19. Responding to Legal Process

Paystack may respond to and comply with any writ of attachment, lien, levy, subpoena, warrant, or other legal order (“Legal Process”) that we believe to be valid. We or any Payment Method Provider (or, where applicable, the Payment Method Acquirer for the Payment Method) may deliver or hold any funds or, subject to the terms of our Privacy Policy, any Data as required under such Legal Process, even if you are receiving funds or Data on behalf of other parties. Where practicable, we will make reasonable efforts to provide you Notice of such Legal Process by sending a copy to the email address we have on file for you. Paystack is not responsible for any losses, whether direct or indirect, that you may incur as a result of our response or compliance with a Legal Process.

20. Dispute Resolution

The laws applicable in Nigeria will govern this Agreement, without reference to its conflict of law principles to the contrary. 

Any dispute, controversy or claim arising out of or relating to this Agreement shall be settled before a Sole Arbitrator to be appointed by the mutual agreement us (you and Paystack) in accordance with the Lagos State Arbitration Law 2009 or subsequent amendment, in Lagos and judgment upon the award rendered by the arbitrator may be entered in any court having jurisdiction.  A dispute shall be deemed to have arisen when any Party notifies the other Party in writing to that effect. In the event that the Parties are unable to agree on a sole arbitrator within fourteen (14) Business Days after the declaration of a dispute, such sole arbitrator shall be appointed by the chairman of the Chartered Institute of Arbitrators UK (Nigeria Branch) on the application of either Party.

The provisions of this clause 20 are severable from the rest of this Agreement and will remain in effect even if this Agreement is terminated for any reason.

21. Additional Services

From time to time Paystack may offer additional features or services that may be subject to additional or different terms of service and fees. You will not use these additional features and services unless you agree to the applicable terms. Paystack may also provide access to features or services that are identified as “beta” or “pre-release”. You understand that beta/pre-release services are still in development, may have bugs or errors, may be feature incomplete, may materially change or be discontinued prior to a full commercial launch, or may never be released commercially. Despite any other provision of this Agreement, any use of or reliance on beta or pre-release features or services is done at your own risk, and these features or services are provided as is, without warranty of any kind, and the indemnity in this Agreement does not extend to any beta or pre-release features or services.

22. Cumulative Rights, Construction, Waivers; Costs

The rights and remedies of the parties under this Agreement are cumulative, and each party may enforce any of its rights or remedies under this Agreement, along with all other rights and remedies available to it at Law, in equity or under the Payment Method Rules. No provision of this Agreement will be construed against any party on the basis of that party being the drafter. Unless stated otherwise, the word “including” means “including, without limitation.” The failure of either party to enforce any provision of this Agreement will not constitute a waiver of that party’s rights to subsequently enforce the provision. 

23. Entire Agreement

This Agreement and all policies and procedures that are incorporated by reference constitute the entire agreement between you and Paystack for the provision and use of the Services. Except where expressly stated otherwise in a written executed document between you and Paystack, this Agreement will prevail over any conflicting policy or agreement for the provision or use of the Services. This Agreement sets forth your exclusive remedies with respect to the Services. If any provision or portion of this Agreement is held to be invalid or unenforceable under Law, then it will be reformed and interpreted to accomplish the objectives of such provision to the greatest extent possible, and all remaining provisions will continue in full force and effect.

24. Language 

The parties hereby acknowledge that they have required this Agreement and all related documents to be in the English language.

25. Employing Paystack’s Employees

You shall not offer any employment to any employee of Paystack for a period of six (6) months, after the employee has left the employ of Paystack, without the prior written consent of Paystack.

26. Anti Bribery Provisions and Sanctions

You represent and undertake to Paystack that: 

1. you will comply with Anti-Corruptions Laws;

2. you shall not undertake any act or engage (directly or in agreement with others or any third party) in any activities directly or indirectly with respect to any matters, either in private or public dealings which would violate any Anti-Corruption Laws or be considered as being unethical, fraudulent, illegal or improper; 

3. you are not and will not be  involved in any illegal or terrorist activities; 

4. none of your bank accounts is being used fraudulently, negligently, for illegal or terrorist activities or for any purpose that does not comply with any law; and 

5. you will not use the Services or contribute or otherwise make available, directly or indirectly, the proceeds from the Services to any other person or entity if such party uses or intends to use such proceeds for the purpose of financing the activities of any person or entity which is subject to any sanctions list specified OFAC.

Section B: Payment Processing Services 

Paystack works with Payment Method Providers and Payment Method Acquirers to provide you with access to the Services. 

Your use of a Payment Method may be subject to separate terms applicable to the Payment Method. We may add or remove Payment Method Providers and Payment Method Acquirers at any time. The terms for a Payment Method or Payment Processing Services may be amended from time to time. Your continued use of the Payment Processing Services or Payment Method constitutes your consent and agreement to such additions, removals, and amendments.

Specific Payment Methods

1. Cards Payments: When accepting Card payments, you must comply with all applicable Card Scheme Rules including rules specified by the Payment Method Providers and Payment Method Acquirers (Visa and Mastercard or any other Card Scheme). Here are few things, amongst others, to note about Card payments:

   1. The Card Schemes may amend their rules at any time without notice to you, and Paystack reserves the right to change the Card payment option at any time to comply with the Card Scheme Rules. You agree to fully comply with all applicable Card Scheme Rules and regulations, Card usage and acceptance requirements and merchant monitoring standards;

   2. We may share with the Card Schemes (and the Payment Method Acquirer) information you provide to us that we use to identify the nature of your products or services, including the assignment of your business activities to a particular payment network merchant category code (MCC). You remain responsible for ensuring that the products or services you provide to your Customers are in compliance with the Scheme Rules and applicable laws in Nigeria and the countries your Customers are based in;

   3. Cardholders or Customers typically raise Card network Disputes (also known as “Chargebacks”) when a merchant fails to provide the product or service to the Customer, or where the Cardholder did not authorise the Charge. High Dispute rates (typically those exceeding 1% of the total payment volume) may result in your inability to accept Card Payments or  use other Payment Processing Services. Failure to timeously and effectively manage Disputes with your Customers or Cardholders may ultimately result in your inability to accept Card Payments for your business. You agree to resolve chargeback Disputes via Paystack’s portal and be liable for the transaction where you fail to respond within the stipulated period for resolving the Chargeback (16 hours or such other period as we may prescribe) or provide inaccurate or insufficient information for resolving Chargebacks; 

   4. The Card Scheme Rules state that you may only accept Card Payments for bona fide legal commercial transactions between you and your Customers for goods or services that are free of liens, claims, and encumbrances. Also, you can only use trademarks or service of the Card Schemes or Payment Method Acquirer as permitted by their Rules. 

   5. It is a requirement under the Card Scheme Rules not to discriminate by Card type or charge surcharges for acceptance of payments by Cards.  You also have an obligation not to sell, divulge (whether wilfully or negligently), release, misuse, negligently handle, provide or exchange any information relating to Cards to third parties without the prior written consent of the Cardholder;

   6. You may also be required to establish a direct relationship with a Payment Method Acquirer if your business turnover exceeds the threshold specified by the relevant Card Scheme or by the Payment Method Acquirer;

   7. The Card Schemes restrict us from onboarding another payment service provider as a merchant. In view of this, you must refrain from acting as a payment service provider and providing any form of payment aggregation services. A breach of this clause is a material breach of this Agreement and Paystack may immediately terminate this Agreement and your Paystack Account in such event;

   8. You are also required to provide on your website the following information to a Cardholder for every Transaction: Your official name, complete description of the goods sold or services offered, return and refund policy, customer service contact information, including email address and or telephone number, address, delivery policy, your consumer data protection policy and all legally required information to be provided to the Cardholder. Based on the information provided, the Cardholder must understand that you, the Merchant, is responsible for the Transaction, delivery of the products or services sold, for customer service and dispute resolution applicable to the Transaction. If you accept any recurring Transactions, the Cardholder must be informed about how to stop receiving the goods and or services and discontinue the Charges.  There are other requirements of the Card Schemes that apply to you as a Merchant. It is important that you stay abreast of your obligations under the Card Scheme Rules and comply with them.

   9. We do not guarantee uninterrupted availability of this Payment method or other Payment methods. We do not accept liability for failed Transactions if Transactions fail for reasons beyond our control, including, but not limited to, a telecommunication connectivity failure.

2. Unstructured Supplementary Service Data (USSD) & Pay with Bank: The USSD and Pay with Bank Payment Methods are provided by banks (Payment Method Provider). Accordingly, the Payment Method Providers have terms and conditions that apply to USSD and Pay with Bank Payment Methods. Here are few things, amongst others, to note about the USSD and Pay with Bank payment methods:

   1. Authorisation and authentication of USSD and Pay with Bank Transactions are usually done by the Payment Method Provider. Accordingly, we may not be able to confirm the status of a USSD or Pay with Bank payment until we receive notification from the Payment Method Provider.

   2. There are various factors beyond our control which may affect USSD payments and Pay with Bank payments. We do not accept liability for any damages or losses arising out of delays caused by latency or network issues or other issues that are not within our control.

   3. We may suspend the USSD or Pay with Bank payment options in the event of scheduled maintenance/downtime by the Payment Method Provider, poor service or system issues. 

   4. In order for a Customer to pay you using the USSD payment option, the customer must have enrolled with the Payment Method Provider to use the USSD service and requires a pin to complete a Transaction. Under no circumstances should you ask the Customer to provide you with their USSD pin or transaction code.

   5. Payment by USSD and Pay with Bank payment channels may be subject to certain thresholds that are determined by the Payment Method Provider. We may not be able to process a payment above the threshold set by a Payment Method Provider

   6. Please ensure that you report any suspicious transactions using this Payment Method or other Payment Methods to us

   7. We do not guarantee uninterrupted availability of this Payment Method or other Payment Methods. We do not accept liability for failed Transactions if Transactions fail for reasons beyond our control, including, but not limited to, a telecommunication connectivity failure.

3. Quick Response (QR) Payment: This Payment Method will enable Customers to pay you by scanning a QR code from a mobile device. Here are few things, amongst others, to note about the QR Payment Method: 

   1. Customers may use a QR Code to perform a Transaction. You agree to conclude the Transaction in compliance with the terms and conditions of this Agreement and in a manner that complies with all applicable Laws. 

   2. You must comply with all applicable rules set by a Payment Method Acquirer or Payment Method Provider for accepting QR code payments. You are required to have the appropriate devices to accept payments using QR Code. Also, it’s important to mention that telecommunication connectivity and data may be required to accept payments using QR code.

   3. You must check all Transaction details and Transaction reports and notify us of any alleged discrepancies immediately when you become aware of the discrepancies, but no later than 30 (thirty) days of the date of the relevant Transaction(s).

   4. You may only Process Customers' Personal Data in compliance with all Laws and regulations and you specifically agree not to process Customer Personal Data unless you obtain the Customer's consent or have a legal basis under applicable data protection laws for processing such Personal Data.

   5. We do not guarantee uninterrupted availability of this payment method or other payment methods. We do not accept liability for failed Transactions if Transactions fail for reasons beyond our control, including, but not limited to, a telecommunication connectivity failure.

4. Terminal Payments: This Payment Method will enable Customers to pay you using PoS Terminals. Here are few things, amongst others, to note about PoS Terminal payments:

   1. You can use our PoS Terminal for your business needs by paying an upfront purchase fee or opting to lease the PoS Terminal for a fixed period. In either case, ownership of the PoS Terminal device will pass to you upon the completion of the purchase fee. 

   2. If you opt to lease the PoS Terminal, we will grant you a revocable, non exclusive, non transferable licence to use the PoS Terminal and software in accordance with all accompanying documentation setting out the substantial terms of the lease. The licence covers all updates, upgrades, new versions and replacement of the POS Terminal and software, and you agree not to alter, disassemble or otherwise tamper with the POS Terminal and software.

   3. You also agree that you would handle a leased PoS Terminal device with reasonable care and skill and that Paystack reserves the right to decommission and recall such PoS Terminal for any reason. Paystack always reserves the right to review the applicable fees for either the Device or the software licence. 

   4. You undertake to immediately return a leased POS Terminal device to us upon the expiration or termination of this Agreement. Until then, Paystack will charge fees for the maintenance of the PoS Terminal on your behalf and for the licence of the accompanying software. 

   5. Subject to applicable laws, you will retain each transaction voucher or receipts generated on the PoS Terminal for not less than one hundred and twenty (120) days from the transaction date or such other period as Paystack may stipulate from time to time, in such a manner as to ensure that it retains its clarity. 

   6. You must also comply with all  laws, guidelines and regulations for acceptance of payments using Pos Terminals in Nigeria.

Section C: Paystack’s Technology

1. API and Dashboard 

Paystack has developed and provides access to APIs that may be used to access the Services. You may use the APIs solely as described in the Documentation to use the Services on the website and through the applications identified in your Paystack Account. You may manage your Paystack Account, connect with other service providers, and enable additional features through the Dashboard. Paystack will use the Dashboard to provide you with information about your Paystack Account. Paystack will also provide you with access to monthly summary reports which will include all your Paystack Account activity, grouped by month, up to the most recent full day. The information will be provided in English.

You may not use the API for any purpose, function, or feature not described in the Documentation or otherwise communicated to you by us. Due to the nature of the Services, we will update the API and Documentation from time to time, and may add or remove functionality. We will provide you Notice in the event of material changes, deprecations, or removal of functionality from the API so that you may continue using the Services with minimal interruption. 

We will make publishable and secret API keys for live and test Transactions available to you through the Dashboard. Publishable keys identify Transactions with your Customers, and secret keys permit any API call to your Paystack Account. You are responsible for securing your secret keys — do not publish or share them with any unauthorised persons. Failure to secure your secret keys will increase the likelihood of fraud on your Paystack Account and potential losses to you or your Customers for which Paystack will not be liable. You should contact us immediately if you become aware of any unauthorised use of your secret key or any other breach of security regarding the Services. 

2. Ownership of Paystack IP 

Paystack and its licensors exclusively own all rights, title, and interest in the patents, copyrights (including rights in derivative works), moral rights, rights of publicity, trademarks or service marks, logos and designs, trade secrets, and other intellectual property embodied by, or contained in the API, Services, Dashboard, and Documentation (collectively, “Paystack IP”) or any copies thereof. Paystack IP is protected by copyright, trade secret, patent, Trademark and or other intellectual property Laws, and all rights in Paystack IP not expressly granted to you in this Agreement are reserved.

You may choose to or we may invite you to submit comments or ideas about improvements to the Services, our API, our platform, or any other component of our products or Services (“Ideas”). If you submit an Idea to us, we will presume that your submission was voluntary, unsolicited by us, and delivered to us without any restrictions on our use of the Idea. You also agree that Paystack has no fiduciary or any other obligation to you in connection with any Idea you submit to us, and that we are free to use your Ideas without any attribution or compensation to you.

3. Licence 

You are granted a revocable, nonexclusive and nontransferable licence to electronically access and use the Paystack IP only in the manner described in this Agreement. Paystack does not sell to you, and you do not have the right to sublicense the Paystack IP. We may make updates to the Paystack IP or new Services available to you automatically as electronically published by Paystack, but we may require action on your part before you may use the Paystack IP or new Services (including activation through the Dashboard, or acceptance of new or additional terms). Paystack may revoke or terminate this licence at any time if you use the Paystack IP in a manner prohibited by this Agreement.

You may not: (i) claim or register ownership of Paystack IP on your behalf or on behalf of others; (ii) sublicense any rights in Paystack IP granted by us; (iii) import or export any Paystack IP to a person or country in violation of any country’s export control Laws; (iv) use Paystack IP in a manner that violates this Agreement or Laws; or (v) attempt to do any of the foregoing.

4. Paystack’s Marks and Reference to our Relationship

We may make certain Paystack logos or marks (“Paystack’s Marks”) available for use by you and other users to allow you to identify Paystack as a service provider. To use Paystack’s Marks, you must first obtain our written consent. Paystack may limit or revoke your ability to use Paystack’s Marks at any time. You may never use any Paystack Marks or Paystack IP consisting of Trademarks or service marks without our express permission in writing, or in a manner that may lead people to confuse the origin of your products or services with ours. 

During the term of this Agreement, you may publicly identify us as the provider of the Services to you and we may publicly identify you as a Paystack user. If you do not want us to identify you as a user, please contact us in writing. Neither you nor we will imply any untrue sponsorship, endorsement, or affiliation between you and Paystack. Upon termination of your Paystack Account, both you and Paystack will remove any public references to our relationship from our respective websites and any other materials.

5. Content

You may use the Services to upload or publish text, images, and other content (collectively, “Content”) to your Paystack Account, storefront and to third-party sites or applications but only if you agree to obtain the appropriate permissions and, if required, licences to upload or publish any such Content using the Services. You agree to fully reimburse Paystack for all fees, fines, losses, claims, and any other costs we may incur that arise from publishing illegal Content through the Services, or claims that Content you published infringes the intellectual property, privacy, or other proprietary rights of others.

Section D: Settlement, Fees, Taxes and Disputes

1. Fees and Fines 

Paystack will provide the Services to you at the rates and for the fees (“Fees”) described on the Paystack pricing page, linked here and incorporated into this Agreement as updated from time to time. The Fees includes Value Added Tax (VAT), charges for Transactions (such as processing a payment) and for other services connected with your Paystack Account. We may revise the Fees at any time. However, we will provide you with at least 7 days’ advance notice before revisions become applicable to you or such shorter notice as is reasonably possible if the change to the Fees is required to comply with a new Law or regulatory directive. 

You are responsible for bank charges, Payment Method Provider or Acquirers fees, settlement operation cost in relation to your Paystack Account resulting from your use of the Payment Processing Services. You agree to reimburse Paystack in respect of these fees, costs or charges.

In addition to the Fees, you are also responsible for any penalties or fines imposed in relation to your Paystack Account resulting from your use of Payment Processing Services in a manner not permitted by this Agreement or a Payment Method Provider or Payment Method Acquire rules and regulations. You agree to indemnify Paystack in respect of any such penalties or fines.

If you do not understand the Fees or you have a question about Fees, please contact us.

You are also obligated to pay all taxes, fees and other charges imposed by any governmental authority, including any value added tax on the Services provided under this Agreement.

2. Taxes and Other Expenses

Our fees are inclusive of any applicable taxes, except as expressly stated to the contrary. You have sole responsibility and liability for: (i) determining what, if any, taxes apply to the sale of your products and services, acceptance of donations, or payments you receive in connection with your use of the Services; and (ii) assessing, collecting, reporting, and remitting taxes for your business to the appropriate tax and revenue authorities. If we are required to withhold any taxes, or we are unable to validate any tax-related identification information you provide to us, we may deduct such taxes from amounts otherwise owed and pay them to the appropriate taxing authority. If you are exempt from payment of such taxes, you must provide us with a copy of the certificate that satisfies applicable legal requirements attesting to your tax-exempt status. Upon our reasonable request, you must provide us with information regarding your tax affairs.

We may send documents to you and regulatory authorities for Transactions processed using the Services. We may receive requests from tax and regulatory authorities in relation to your use of the Services. If you use the Services, you acknowledge that we will report the total amount of payments you receive as required by appropriate tax and regulatory authorities. We also may, but are not obliged to, electronically send you tax-related information.

3. Settlement, Payout and Disputes

1. Your Payout Account: We will, with partner banks or Payment Method Acquirers, arrange to settle funds to the bank account in your name (your “Payout Account”). You affirm that you are authorised to receive payments in your Payout Account and that the Payout Account is owned by you and administered and managed by a licensed financial institution.
   
   Please make sure that any information about the Payout Accounts that you provide to us is accurate and complete. If you provide us with incorrect information (i) you understand that funds may be settled to the wrong account and that we may not be able to recover the funds from such incorrect transactions and (ii) you agree that you are solely responsible for any losses you or third parties incur due to erroneous settlement transactions; and (iii) you will not make any claims against us related to such erroneous settlement transactions, and you will fully reimburse us for any losses we incur.

2. Payout Schedule: The term “Payout Schedule” refers to the time it takes for partner banks or Payment Method Acquirer to initiate settlement to your Payout Account. For local transactions, we will work with partner banks or Payment Method Acquirer to settle your Payout Account not later than 1 Business Day from the transaction date (T+1). While international transactions will be settled 7 Business Days from the transaction date.
   
   It is important to mention that acquiring banks or Payment Method Acquirer are responsible for settling your Payout Account based on the Guidelines on Operations of Electronic Payment Channels in Nigeria. We work very closely with them to ensure they settle funds to your Payout Account according to the Payout Schedule and the terms of this Agreement. However, please be aware that a Payment Method Provider, a Payment Method Acquirer, or the financial institution holding your Payout Account, may delay settlement for any reason. Most often the delays occur due to technical reasons that are completely out of our control. We are not responsible for any action taken by a Payment Method Provider, a Payment Method Acquirer, or the financial institution holding your Payout Account to not credit the Payout Account or to otherwise not make funds available to you as you expected.
   
   We reserve the right to liaise with acquiring banks or Payment Method Acquirer to change the Payout Schedule or to suspend settlement to you. Non-exhaustive examples of situations where we may do so are: (a) where there are pending, anticipated, or excessive Disputes, refunds, or Reversals; (b) in the event that we suspect or become aware of suspicious activity; or (c) where we are required by Law or court order. We have the right to liaise with the acquiring banks or Payment Method Acquirer to withhold settlement to your Payout Account upon termination of this Agreement if we reasonably determine that we may incur losses resulting from credit, fraud, or other legal risks associated with your Paystack Account. If we exercise our right to withhold a Payout for any reason, we will communicate the general reason for withholding the Payout and give you a timeline for releasing the funds.

3. Disputes: A Dispute (also known as a Chargeback) is a reversal request of initiated by the Cardholder or Customer, often due to value not being delivered or issues with the purchase. It could result in the reversal of the said transaction. You may be assessed for Disputes if (i) value is not given for transactions; (ii) transactions are unauthorised or improperly authorised; (iii) transactions do not comply with Card Scheme Rules or the terms of this Agreement or are allegedly unlawful or suspicious; (iv) your transactions have been flagged by a regulator or law enforcement agency or (v) any reversals for any reason by the Card Scheme, our processor, or the acquiring or issuing banks. Where a Dispute occurs, you are immediately liable for all claims, expenses, fines and liability we incur arising out of that Dispute and agree that we may recover these amounts by deducting such sums from the amounts which we would otherwise settle to you (as per (d) below) or by debiting your Payout Account.
   As a Merchant, you acknowledge and agree that Disputes may arise even long after the date of the specified Transaction. Regardless of the termination of this Agreement for any reason, you expressly acknowledge that we retain the right to recover Chargebacks, fraud claims, Dispute fees, and related fines from you pertaining to all Chargebacks that occur in relation to Transactions processed during the term of this Agreement. This obligation shall survive the termination of this Agreement.

4. Payout Amount: You agree that in settling amounts due to you under this Agreement, we may liaise with acquiring banks or Payment Method Acquirer to deduct any amount which you owe to us under this Agreement (including our Fees, any Reversals, Chargebacks, refunds or other amounts that you owe to Paystack under this Agreement) or any other agreement which you have entered into with us. If the Payout is not sufficient to cover the amounts due from you, you agree that we may debit your Payout Account or any other bank account in your name for the applicable amounts, and or set-off the applicable amounts against future Payouts. Upon our request, you agree to provide us with all necessary bank accounts and related information and grant us permission to debit amounts due from your bank account.

5. Refunds: You agree that you are solely responsible for accepting and processing returns of your products and services. We are under no obligation to process returns of your products and services, or to respond to your customers’ inquiries about returns of your products and services. You agree to submit all refunds for returns of your products and services that were paid for through Paystack to your customers in accordance with this Agreement and relevant Card Scheme.

6. No Processing Fee Refunds: We will not refund any Fee charged for processing an original transaction to the Merchant if the transaction is refunded or subject to a Dispute.

4. Security Interest, Reserves,  Collections and Set-Off Rights

1. Security Interest: At any time upon our request, you will provide us, or you will procure that an entity(ies) or person(s) reasonably satisfactory to us will provide us, with security in such form and over such assets as we require to secure the performance of your obligations and liabilities to us under this Agreement, including all amounts that you owe to us or may owe in the future. You will execute and deliver any documents and pay any associated fees we consider necessary to create, perfect, and maintain security in such form and over such assets as we may reasonably require. We may also delay settlement to you in accordance with Section D(3)(b) above.

2. Reserves: We may at our sole discretion reserve a portion of the Payouts by holding the same for such period as we deem necessary, where we believe there is a high level of risk associated with your business. We will notify you of the terms of the reserve which may include the percentage of the Payouts to be held back, period of time and any other such restrictions that Paystack may deem necessary.  We will notify you of any changes in the terms.

3. Collection and Set-Off Rights: You agree to pay all amounts owed to us and to our affiliates on demand. Your failure to pay amounts owed to us or to our affiliates under this Agreement is a breach and you will be liable for any costs we incur during collection in addition to the amount you owe. Collection costs may include attorneys' fees and expenses, costs of any arbitration or court proceeding, collection agency fees, any applicable interest, and any other related cost, subject to applicable laws. Where possible, we will first attempt to collect or set-off amounts owed to us and to our affiliates from settlements due to you.
   In certain circumstances, we may require a personal, parent or other guarantee (a “Guarantee”) from a Merchant’s principal, owner, or other guarantor. A Guarantee consists of a legally binding promise by an individual or an entity to pay any amounts the Merchant owes in the event that the user is unable to pay. If we require you to provide us with a Guarantee, we will specifically inform you of the amount of, and the reasons for the Guarantee. If you are unable to provide such a Guarantee when required, you will not be permitted to use the Services.

5. Reconciliation and Error Notification

The Dashboard contains details of Transactions, Charges, and other activity on your Paystack Account. Except as required by Law, you are solely responsible for reconciling the information in the Dashboard generated by your use of the Services with your records of Customer Transactions, and for identifying any errors.

You agree to review your Paystack Account and immediately notify us of any errors. We will investigate any reported errors, including any errors made by Paystack or a Payment Method Provider, and, when appropriate, attempt to rectify them by crediting or debiting the Payout Account identified in the Dashboard. However, you should be aware that your ability to recover funds you have lost due to an error may be very limited or even impossible, particularly if we did not cause the error, or if funds are no longer available.

For Transaction errors, we will work with you and our Payment Method Providers to correct a Transaction error in accordance with the applicable Payment Method Rules. If you fail to communicate an error to us for our review without undue delay and, in any event, within 6 months after you discovered it and flagged it in the Dashboard, you waive your right to make any claim against us or our Payment Method Providers for any amounts associated with the error.

Section E: Data Usage, Privacy and Security

1. Privacy

Protection of Personal Data is very important to us. Our Privacy Policy explains how and for what purposes we collect, use, retain, disclose, and safeguard the Personal Data you provide to us. You may review  our Privacy Policy through the Merchant dashboard, which we may update from time to time.
You affirm that you are now and will continue to be compliant with the NDPA, NDPR and all applicable Laws governing the privacy, protection, and your use of Data that you provide to us or access through your use of the Services. You also affirm that you have obtained all necessary rights and consents under applicable Laws to disclose to Paystack – or allow Paystack to collect, use, retain, and disclose – any Personal Data that you provide to us or authorise us to collect. As may be required by Law and in connection with this Agreement, you are solely responsible for disclosing to Customers that Paystack processes Transactions for you and may receive Personal Data from you about the Customers. 

2. Security

You will protect and secure all Data you receive through the Services, and you will only use such Data in conjunction with the Services and as permitted by this Agreement or by other agreements between you and us. We will ensure adequate technical and organizational measures are implemented to protect the confidentiality, integrity and availability of personal data, such as compliance to ISO 27001 and ISO 27701 Standards. 

3. PCI Compliance

If you use Payment Processing Services to accept Card Transactions, you must comply with the Payment Card Industry Data Security Standards (“PCI-DSS”) and, if applicable to your business, the Payment Application Data Security Standards (PA-DSS) (collectively, the “PCI Standards”). The PCI Standards include requirements to maintain materials or records that contain payment Card or Transaction data in a safe and secure manner with access limited to authorised personnel.
You will promptly provide us, or any applicable Payment Method Provider or Payment Method Acquirer, with documentation demonstrating your compliance with the PCI Standards upon our request. If you are unable to provide documentation sufficient to satisfy us, the Payment Method Providers, or the applicable Payment Method Acquirers, that you are compliant with the PCI Standards, then Paystack and any applicable Payment Method Provider or Payment Method Acquirer, may access your business premises on reasonable notice to verify your compliance with the PCI Standards.

If you elect to store or hold “Account Data”, as defined by the PCI Standards (including Customer Card account number or expiration date), you must maintain a system that is compliant with the PCI Standards. If you do not comply with the PCI Standards, or if we or any Payment Method Provider or Payment Method Acquirer are unable to verify your compliance with the PCI Standards, we may suspend your Paystack Account or terminate this Agreement. If you intend to use a third party service provider to store or transmit Account Data, you must not share any data with the service provider until you verify that the third party holds sufficient certifications under the PCI Standards, and notify us of your intention to share Account Data with the service provider. Further, you agree to never store or hold any “Sensitive Authentication Data”, as defined by the PCI Standards (including CVC or CVV2), at any time. You can find information about the PCI Standards on the PCI Council’s website.

4. Security and Fraud Controls 

1. Paystack’s Security: Paystack is responsible for protecting the security of Data in our possession. We will maintain commercially reasonable administrative, technical, and physical procedures to protect Payment Data and Personal Data stored in our servers from unauthorised access, accidental loss, modification, or breach, and we will comply with applicable Laws and Payment Method Rules when we handle Payment and Personal Data. However, no security system is impenetrable and we cannot guarantee that unauthorised parties will never be able to defeat our security measures or misuse any Data in our possession. You provide Payment Data and Personal Data to Paystack with the understanding that any security measures we provide may not be appropriate or adequate for your business, and you agree to implement Security Controls (as defined below) and any additional controls that meet your specific requirements. In our sole discretion, we may take any action, including suspension of your Paystack Account, to maintain the integrity and security of the Services or Data, or to prevent harm to you, us, Customers, or others. You waive any right to make a claim against us for losses you incur that may result from such actions. You can learn more about how Paystack handles security here. 

2. Your Security: You are solely responsible for the security of any Data on your website, your servers, in your possession, or that you are otherwise authorised to access or handle. You will comply with applicable Laws and Payment Method Rules when handling or maintaining Payment Data and Personal Data, and will provide evidence of your compliance to us upon our request. If you do not provide evidence of such compliance to our satisfaction, we may suspend your Paystack Account or terminate this Agreement.

3. Security Controls: You are responsible for assessing the security requirements of your business, and selecting and implementing security procedures and controls (“Security Controls”) appropriate to mitigate your exposure to security incidents. We may suggest some Security Controls you should implement. However, your responsibility for securing your business is not diminished by any Security Controls that we provide or suggest, and if you believe that the Security Controls we suggest are insufficient, then you must separately implement additional controls that meet your requirements. 

4. Fraud Risk: While we may suggest Security Controls, we cannot guarantee that you or Customers will never become victims of fraud. Any Security Controls we suggest may include processes or applications developed by Paystack, its affiliates, or other companies. You agree to review all the Security Controls we suggest and choose those that are appropriate for your business to protect against unauthorised Transactions and, if appropriate for your business, independently implement other security procedures and controls not provided by us. If you disable or fail to properly use Security Controls, you will increase the likelihood of unauthorised Transactions, Disputes, fraud, losses, and other similar occurrences. Keep in mind that you are solely responsible for losses you incur from the use of lost or stolen payment credentials or accounts by fraudsters who engage in fraudulent Transactions with you, and your failure to implement Security Controls will only increase the risk of fraud. We may assist you with recovering lost funds, but you are solely responsible for losses due to lost or stolen credentials or accounts, compromise of your username or password, changes to your Payout Account, and any other unauthorised use or modification of your Paystack Account. Paystack is not liable or responsible to you and you waive any right to bring a claim against us for any losses that result from the use of lost or stolen credentials or unauthorised use or modification of your Paystack Account, unless such losses result from Paystack’s wilful or intentional actions. Further, you will fully reimburse us for any losses we incur that result from the use of lost or stolen credentials or accounts.
   
   We may also provide you with Data regarding the possibility or likelihood that a Transaction may be fraudulent. We may incorporate any subsequent action or inaction by you into our fraud model, for the purpose of identifying future potential fraud. You understand that we provide this Data to you for your consideration, but that you are ultimately responsible for any actions you choose to take or not take in relation to such Data.

EXHIBIT A - Definitions

“Affiliate” means an entity controlling, controlled by, or under common control with the applicable party.

“Agreement or MSA” means this Merchant Services Agreement;

“Anti Bribery Laws” means  the Economic and Financial Crimes commission Act, Independent Corrupt Practices Act of Nigeria, the Foreign Corrupt Practice Act of the United States of America and the Bribery Act 2010 of the United Kingdom as well as all applicable anti-bribery and anti-corruption regulations and codes of practice.

“Business Day” means any day other than a Saturday, Sunday or public holiday on which commercial banks are generally open in the Federal Republic of Nigeria;

“Card or Payment Card” means a credit card, debit card or similar card issued to a Cardholder by an issuer in accordance with a license granted by the respective Card Schemes;

“Cardholder” means the person to whom a Card is issued by an issuer and whose name, where applicable, is printed or embossed on a valid Card;

“Card Scheme” means Visa, MasterCard and any other applicable Payment Scheme associated with the provision of Services to Merchants.

“Card Scheme Rules”  means the collective set of bylaws, rules, regulations, operating regulations, procedures and or waivers issued by the Card Scheme as may be amended or supplemented over time and with which the Merchant must comply when using the relevant Payment Method. 

“Charge” means a credit or debit instruction to capture funds in connection with a Transaction.

“Confidential Information” means all information relating to either party which is obtained, whether in writing, pictorially, in machine readable form or orally or by observation in connection with this Agreement, including but without limitation, financial information, know-how, processes, ideas, intellectual property (irrespective of its registrability or patentability status), schematics, trade secrets, technology, customer list (potential or actual) and other customer-related information, sales statistics, market, market intelligence, marketing and other business strategies and other commercial information of a confidential nature. 

“Customer” means a consumer or company that purchases products or services from the Merchant, or a donor. 

“Data” used without a modifier means all Payment Data, Personal Data, and Paystack Data.

“Data Subject” means an identifiable person who are customers of the merchant; one who can be identified directly or indirectly, in particular by reference to an identification number or to one or more factors specific to his physical, physiological, mental, economic, cultural or social identity; 

“Dashboard” or “Paystack Dashboard” means the interactive user interface that the Merchant may access in order to view information about the Merchant’s Paystack Account.

“Dispute” means an instruction initiated by a Customer for the return of funds for an existing Charge (including a chargeback or dispute on a Payment Method).

“Documentation” means the sample code, instructions, and other content available on the Paystack website, as may be amended from time to time, the first page of which is currently located at https://paystack.com/docs, including all replacement pages.

“Fine”means any fines, levies, or other charges imposed by us, a Payment Method Provider or a Payment Method Acquirer, or a regulator, caused by your violation of Laws or this Agreement, or as permitted by the applicable Payment Method Rules.

“KYC” means Know Your Customer processes that the Merchant undertakes in order to verify its customers before pursuing a business relationship with them. 

“Law” or “Laws” means all laws, rules, regulations, and other binding requirements of any governmental authority with jurisdiction applicable to a party, this Agreement and the Services.

“NDPA” means the Nigerian Data Protection Act 2023. 

“PA-DSS” means the Payment Application Data Security Standard.

“Payment Data” means payment account details; information communicated to or by Payment Method Acquirers of Payment Method Providers; financial information specifically regulated by Laws and Payment Method Rules; and any other information used with the Payment Services to complete a Transaction.

“Payment Method” means a type of payment method that Paystack accepts as part of the Paystack Services.

“Payment Method Acquirer” means an entity that is authorized by a Payment Method Provider to enable the use of a Payment Method by accepting Charges from Customers on behalf of the Payment Method Provider, and routing these Charges to the Payment Method Provider. 

“Payment Method Provider” means the provider of a Payment Method. 

''Payment Method Rules'' means the rules, as in effect at the time of a Transaction, set by the Payment Method Provider and Payment Method Acquirers for the use of a Payment Method, and includes, in relation to payment Cards, the network operating rules for the Visa, MasterCard and American Express networks.

“Payment Services” and "Payment Processing Services" means the services Paystack offers that enable Merchant to accept payments, manage subscriptions, and perform transaction reporting and other financial transactions.

“Payout Account” means the bank account designated by Merchant for the deposit of settlement funds due to Merchant under this Agreement. 

“Payout Schedule” means the amount of time it takes for Paystack to initiate a transfer of settlement funds arising from Transactions to the Payout Account.

“Paystack Account” means Merchant’s Paystack account.

“Paystack Data” means information created by or originating from Paystack, including the details of the Application Programming Interface (API) interactions via the Paystack Platform, information used in fraud detection and analysis, and any aggregated, de-identified, or anonymized information generated from Data.

“Paystack Platform” means the hardware, software and other technology that Paystack owns or licenses and which Paystack uses to provide the Paystack Dashboard and Paystack Services.

“Paystack Pricing Page” means https://paystack.com/[countrycode]/pricing, where “country code” means the two-letter abbreviation for the country where Merchant is located.

“Paystack Services” (and “Services”) means the Payment Services, and the associated analytics and business services Paystack offers. 

“PCI-DSS” means the Payment Card Industry Data Security Standards.

“Personal Data” means any information relating to an identified or identifiable natural person (‘data subject’); an identifiable natural person is one who can be identified, directly or indirectly, in particular by reference to an identifier such as a name, an identification number, location data, an online identifier or to one or more factors specific to the physical, physiological, genetic, mental, economic, cultural or social identity of that natural person; It can be anything from a name, address, a photo, an email address, bank details, posts on social networking websites, medical information, and other unique identifier such as but not limited to MAC address, IP address, IMEI number, IMSI number, SIM and others. 

“POS Terminal” means a point-of-sale device.

“Restricted Business” means any of the categories of businesses and business practices for which the Paystack Services cannot be used and which are identified on the then-current Paystack Restricted Business List (which can be found on the Paystack website) for the jurisdiction of Merchant’s Paystack Account.

“Reversal” means an instruction initiated by a Payment Method Provider, a Payment Method Acquirer or us to return funds for an existing Charge or over settled funds. Reversals may result from (i) invalidation of a charge by a Payment Method Provider or a Payment Method Acquirer; (ii) funds settled to you in error or without authorisation; and (iii) submission of a Charge in violation of the applicable Payment Method Rules, or where submission of the Charge or your use of Payment Processing Services violates this Agreement.

“Trademark” means the trademarks registered in the name of, or licensed to either Party and such other trademarks as are used by either Party on or in relation to the Services during the term of this Agreement.

“Transaction” means a Payment Method request initiated by Merchant via the Paystack Platform with respect to a payment from a Customer to Merchant, and includes the authorization, settlement and if applicable, Disputes, refunds and Reversals, with respect to that Payment Method request.

“Transaction Data” means all the information related to processing an electronic payment on behalf of a Merchant, including the name of the Customer, number of attempts made prior to completion of the payment and time of completion amongst other things.

Words importing persons or parties shall include firms and corporations and any organisation having legal capacity. The defined words, where the context so requires, shall be deemed and understood to be and have the same effect as operative clauses subsequently.

Words importing the singular shall include the plural and vice versa, and words importing the masculine gender shall include the feminine and vice versa.

A provision of law is a reference to that provision as amended or re-enacted.

Data Processing Agreement

DATA PROCESSING AGREEMENT

This Data Processing Agreement (“DPA”/ “Agreement”) is subject to and forms part of your Paystack Merchant Services Agreement, where applicable, and governs Paystack’s and its affiliates’ Processing of Personal Data.

If your Paystack Account is located in Nigeria, you enter this DPA with Paystack Payments Limited (“Paystack”)

1. DEFINITION & INTERPRETATION
   1. In this Agreement, unless the context otherwise requires, the following expressions have the following meanings:
      1. Controller”: As defined under the Nigeria Data Protection Act (NDPA). In this Agreement, Merchant shall be the controller.
      2. “Data Protection Legislation”, “Data Protection Law(s)”: means the Nigeria Data Protection Act (NDPA) 2023, the Nigeria Data Protection Regulation 2019 (NDPR), the NDPR Implementation Framework, and all other applicable laws or regulations relating to the processing of personal data and privacy, as such legislation shall be amended, revised or replaced from time to time.
      3. “Data Subject”: is an individual who is the subject of Personal Data.
      4. “Instructions/Approved Purpose”: As defined in Clause 2 below.
      5. “Main Agreement”: means the Merchant Service Agreement entered into by the Parties (Paystack and the Merchant), where relevant.
      6. “Personal Data/ Data”, ”Merchant Data”: means any information relating to a Data Subject that is processed by the Processor as a result of, or in connection with, the provision of the Services under the Main Agreement; including but not limited to a name, identification number, location data, an online identifier or one or more factors specific to the physical, physiological, genetic, mental, economic, cultural or social identity of that Data Subject. For the avoidance of doubt, Personal Data/Data/Merchant Data shall include only the types of personal data listed under Schedule I, Part A of this DPA.
      7. “Personal Data Breach”: means a security incident leading to the accidental or unlawful destruction, loss, alteration, unauthorised disclosure of, or access to, Personal Data transmitted, stored or otherwise processed.
      8. “Processing”: means any activity that involves the use of Personal Data or as applicable Data Protection Legislation may otherwise define processing, processes or process. It includes any operation or set of operations which are performed on personal data or on sets of personal data, whether or not by automated means, such as collection, recording, organisation, structuring, storage, adaptation or alteration, retrieval, consultation, use, disclosure by transmission, dissemination or otherwise making available, alignment or combination, restriction, erasure or destruction. Processing also includes transferring Personal Data to third parties.
      9. “Processors”: As defined under the Nigeria Data Protection Act (NDPA). In this Agreement, Paystack shall be the processor.
      10. “Privacy Policy”: means the Privacy Policy of Paystack displayed on its website at www.paystack.com/terms.
      11. “Restricted Transfer”: means a transfer of Personal Data to a Third Country.
      12. “Services”: means the services the Processor provides to the Controller pursuant to the Main Agreement, specifically the provision of payment processing and related services.
      13. “Sub-Processor”: means any third-party processor appointed by and on behalf of the Processor in connection with this Agreement. A list of Paystack’s sub-processors is available here.
      14. “Supervisory Authority”: means an independent public authority which is established under any Data Protection Law for the purpose of overseeing compliance with such legislation, in this case the Nigeria Data Protection Commission.
      15. “Terms and Conditions”: means Paystack’s Terms of Use and Terms of Service agreed to by the Merchant prior to the use of the Services.
      16. “Third Countries”: means a country or territory outside the countries listed in Part B of the Schedule attached to this Agreement.
   2. In this DPA:
      1. The terms used in this DPA will have the meanings set out in this DPA. Capitalised terms not otherwise defined in this DPA will have the meaning given to them in the Main Agreement, where applicable. Except as modified below, the terms of the Main Agreement will remain in full force and effect, where a Main Agreement has been signed;
      2. In consideration of the mutual obligations set out in this DPA, the Parties agree that the terms and conditions set out below will be added to the Main Agreement. In cases where there is no Main Agreement, the terms of the DPA will still apply as a standalone Agreement.
      3. the schedules and appendices to this DPA form part of this DPA and will have the same force and effect as if set out in the body of this DPA and any reference to this DPA will include the schedules and appendices;
      4. the background section and all headings are for ease of reference only and will not affect the construction or interpretation of this DPA;
      5. unless the context otherwise requires, references to the singular include the plural and vice versa;
      6. unless the context otherwise requires, references to a “person” include any individual, body corporate, association, partnership, firm, trust, organisation, joint venture, government, local or municipal authority, governmental or supra-governmental agency or department, state or state agency or any other entity (in each case whether or not having separate legal personality);
      7. references to any statute or statutory provision will include any subordinate legislation made under it and will be construed as references to such statute, statutory provision and/or subordinate legislation as modified, amended, extended, consolidated, re-enacted and/or replaced and in force from time to time;
      8. any words following the words “include”, “includes”, “including”, “in particular” or any similar words or expressions will be construed without limitation and accordingly will not limit the meaning of the words preceding them;
      9. to the extent only of any conflict or inconsistency regarding the processing of Personal Data between the provisions of the Main Agreement (where relevant) and this DPA, this DPA will prevail;
      10. references to a Party to this DPA include references to the successors or assigns (immediate or otherwise) of that Party.
2. SCOPE OF PROCESSING/APPROVED PURPOSE
   1. As part of Paystack providing the Service to the Merchant under the Main Agreement or general Terms and Conditions, Paystack shall comply with the obligations imposed upon it under Data Protection Law and agrees and declares as follows:(i) to process Personal Data in accordance with the Merchant's documented instructions as set out in the Main Agreement (if applicable), Terms and Conditions, and this DPA for the specific purpose of providing the Service(s) to the Merchant, (ii) to retain, use, or disclose Personal Data only for the specific purpose of providing the Service(s) to the Merchant as set out in the Main Agreement (if applicable), Terms and Conditions, Privacy Policy, and this DPA and (iii) any other written instructions given by the Merchant and acknowledged by Paystack as constituting instructions under this Agreement (collectively, the “Instructions/Approved Purpose”). Paystack will comply with the Instructions unless it is otherwise unable to comply with an Instruction or prohibited by applicable Data Protection Law.
3. ROLES OF THE PARTIES
   1. For the purposes of applicable Data Protection Law and this DPA, the Parties agree that in relation to the Merchant’s Personal Data Processed by Paystack pursuant to the Main Agreement (where applicable), the Merchant is the Controller and Paystack is the Processor. Both Parties shall comply with any obligations applicable to them under Data Protection Legislation with respect to the processing of Personal Data.
4. PROCESSING OF PERSONAL DATA
   1. Paystack will:
      1. comply with all applicable Data Protection Laws in the Processing of the Merchant’s Personal Data on behalf of the Merchant and provide such assistance and information as required under Data Protection Legislation in order to assist the Merchant to comply with its obligations under Data Protection Laws;
      2. only Process the Merchant’s Personal Data and any Personal Data the Merchant provides in accordance with the Approved Purpose or on written instructions from the Merchant (or, if directed by the Merchant) for the purposes of performing the Services (including with respect to transfers of the Merchant’s Personal Data to a Third Country or an International Organisation, which shall be in compliance with the Data Protection Laws);
      3. not knowingly or negligently do anything or fail to do anything which would cause the Merchant to be in breach of its obligations as a Data Controller under Data Protection Laws;
      4. not modify, amend or alter the Merchant’s Personal Data or disclose or permit the disclosure of the Merchant’s Personal Data to any third party unless it is required for the performance of the Services, for the Approved Purpose or/is specifically authorized to do so in writing by the Merchant or permitted by Data Protection Law;
      5. not disclose nor allow any person to access the Merchant’s Personal Data from any Third Country or by any international organisation, other than for the performance of the Services, the Approved Purpose or on the written instructions of the Merchant; unless required to do so under any law to which Paystack is subject. In that event, Paystack will, to the extent permitted by law, promptly inform the Merchant of the legal requirement before Processing the Merchant’s Personal Data.
      6. Paystack shall immediately notify the Merchant prior to any Processing being carried out, if in Paystack’s opinion, any instruction from or on behalf of the Merchant infringes or is likely to infringe Data Protection Laws.
5. PAYSTACK PERSONNEL
   1. Paystack will:
      1. take all reasonable steps to ensure the reliability of all Paystack employees, contractors and agents (“Paystack Personnel”) who have access to Personal Data;
   2. ensure that any access to the Merchant’s Personal Data by Paystack Personnel is provided on a strict "need to know" basis only and that Paystack Personnel do not Process the Merchant’s Personal Data except for the Approved Purpose or in accordance with the written instructions of the Merchant, unless required to do so by law;
   3. ensure that all Paystack Personnel involved in the performance of the Services have undergone appropriate data privacy training in relation to the Processing and security of the Merchant’s Personal Data.
   4. Without prejudice to the foregoing, Paystack will ensure that all Paystack Personnel:
      1. who have access to the Merchant’s Personal Data are informed of its confidential nature prior to disclosing any of the Merchant’s Personal Data to them; and
   5. are subject to professional secrecy (whether contractual or statutory) to maintain the Merchant’s Personal Data in confidence.
6. DATA SECURITY AND CONFIDENTIALITY
   1. Taking into account the state of the art, the costs of implementation and the nature, scope, context, and purposes of Processing, as well as the risk of varying likelihood and severity for the rights and freedoms of natural persons, Paystack will in relation to the Merchant’s Personal Data, implement and maintain at all times appropriate technical and organizational measures to ensure a level of security appropriate to that risk, including, as appropriate:
   2. the pseudonymisation and encryption of the Merchant’s Personal Data;
   3. the ability to ensure the ongoing confidentiality, integrity, availability, and resilience of Processing systems and services;
   4. the ability to restore the availability and access to the Merchant’s Personal Data in a timely manner in the event of a physical or technical incident;
   5. a process for regularly testing, assessing, and evaluating the effectiveness of technical and organisational measures for ensuring the security of the Processing.
   6. In assessing the appropriate level of security, Paystack will take into account the risks that are presented by Processing, in particular from a Personal Data Breach.
   7. Paystack will ensure that any Sub-Processor implements and maintains appropriate processes to promptly respond to a Personal Data Breach.
   8. Paystack shall ensure full compliance with applicable Data Protection Legislation, including any legislation in Nigeria and legislation in other jurisdictions that might be applicable taking into account both Parties’ global operations.
   9. Paystack shall obtain consent from any individual or establish another appropriate legal basis for Processing Personal Data when required by such Data Protection Laws.
   10. Paystack may retain documentation as Paystack deems reasonably necessary to comply or demonstrate compliance with any law that Paystack may be subject to.
   11. Paystack shall exercise the same degree of care as it uses with its own Data and confidential information, but in no event less than reasonable care, to protect the Personal Data from misuse and unauthorized access or disclosure in accordance with all applicable Data Protection Laws, including:
       1. maintaining adequate physical controls and password protections for any server or system on which the Data is stored;
       2. ensuring that Data is not stored on any mobile device (for example, a laptop or smartphone) or transmitted electronically unless encrypted; and
       3. taking any other measures reasonably necessary to prevent any use or disclosure of the Personal Data other than as allowed under this Agreement.
7. DATA SUBJECT RIGHTS
   1. Taking into account the nature of the Processing, Paystack, where feasible, will assist the Merchant, insofar as this is commercially reasonable for Paystack, towards the fulfilment of the Merchant’s obligations to respond to requests by Data Subjects to exercise their rights under Data Protection Laws.
   2. Paystack will:
      1. notify the Merchant if Paystack or a Sub-Processor receives any query, complaint or request from a Data Subject to access, delete, block, or restrict access to their Personal Data, or to receive a machine-readable copy of their Personal Data within five (5) calendar days of Paystack receipt or notification of such request; and
      2. at the Merchant’s request, assist with responding to such queries, complaints, and requests
   3. If either Party receives any correspondence, enquiry or complaint from any individual), Supervisory Authority, other competent regulator or other third party in connection with Data Processed by Merchant or Personal Data shared by Merchant with Paystack under the Agreement (collectively, "Correspondence"), then the Parties shall cooperate in good faith as necessary to assist that Party to respond to such Correspondence, where possible, and fulfil their respective obligations under Data Protection Laws.
8. REQUESTS FROM AUTHORITIES
   1. Where it is legally required, Paystack will use reasonable efforts to promptly inform the Merchant if Paystack or any Sub-Processor receives any request, inquiry, complaint, notice, subpoena or any other communication from a regulatory authority (including a Supervisory Authority) or other competent authorities (“Authority”) relating to the Processing of the Merchant’s Personal Data under the Main Agreement (where relevant) or in relation to any other matter under Data Protection Laws, except where Paystack is prohibited from doing so under any law that it is subject to.
   2. The Merchant will at Paystack’s request:
   3. Assist Paystack to respond to any communication from an Authority and to meet any applicable statutory or regulatory deadlines with regards to its Processing of Merchant’s Personal Data.
9. LEGAL REQUESTS
   1. In the event national law, court or regulator requires Paystack or any of its Sub-processors to disclose Personal Data to a third party, Paystack shall first inform the Merchant of such legal or regulatory requirement and provide the Merchant with the opportunity to object or challenge the requirement, unless national law prohibits such notice.
10. MANAGING AND REPORTING PERSONAL DATA BREACHES
    1. Paystack shall:
       1. notify the Merchant in accordance with applicable Data Protection Law of any Personal Data Breach involving the Merchant’s Personal Data, and in any event within thirty-six (36) hours of becoming aware of the Personal Data Breach, and shall take appropriate measures to mitigate its possible adverse effects; and
    2. provide the Merchant with sufficient information to permit it to meet any obligations to report the Personal Data Breach to a Supervisory Authority and/or to inform Data Subjects of the Personal Data Breach under Data Protection Laws.
11. DATA PROTECTION IMPACT ASSESSMENTS
    1. Paystack, upon request, will provide the Merchant with commercially reasonable information and assistance, taking into account the nature of the processing and the information available to Paystack, to help the Merchant conduct any Data Protection Impact Assessment, data transfer impact assessment or prior consultation it is required to conduct under Data Protection Law
12. RETURN, DELETION OR DESTRUCTION OF PERSONAL DATA
    1. Unless storage is required by law, Paystack shall return, delete or destroy Personal Data in accordance with the Paystack Data Retention Schedule:
       1. after the end of the provision of the Services relating to the Processing of the Merchant’s Personal Data; or
    2. after termination or expiration of the Main Agreement; or
    3. after a Merchant’s request to return, delete or destroy
    4. Neither Paystack, nor any Sub-Processor or Paystack personnel will retain copies of any of the Merchant’s Personal Data in any form unless required to do so by any law to which they are subject and only to the extent and for such period as required by such law. In that event, Paystack shall ensure the confidentiality of all Merchant’s Personal Data and shall ensure that Merchant’s Personal Data is only Processed as needed for the purpose(s) specified under Applicable Laws requiring its storage, and for no other purpose. Paystack’s obligation to protect Merchant’s Personal Data in accordance with Data Protection Laws will continue until all Merchant’s Personal Data has been returned to the Merchant, deleted or destroyed.
13. AUDIT RIGHTS
    1. The Parties acknowledge that Paystack uses external auditors to verify the adequacy of its security measures and validate the level of compliance of Paystack with its obligations under this DPA.. These audits:
    2. will be performed at least annually;
    3. will be performed according to requirements of the applicable International Standard(s) including ISO (International Organization for Standardization), mandatory industry rules and standards including, to the extent applicable, the Payment Card Industry Data Security Standard ("PCI-DSS") or such other alternative standards that are substantially equivalent to such frameworks;
    4. will be performed by independent third-party security professionals at Paystack’s selection and expense; and
    5. will result in the generation of certificate(s) and/or an audit report(s) affirming that Paystack’s data security controls achieve prevailing industry standards in accordance with attestation standards established by the International Standards Organisation or such other alternative standards that are substantially equivalent (“Report”).
    6. At the Merchant’s written request and without charge, Paystack will provide the Merchant with a redacted summary of the Report (“Summary Report”). The Summary Report will constitute Paystack’s confidential information under the confidentiality provisions of Paystack's Main Agreement. Where a Main Agreement is not in place, confidentiality provisions are available upon request.
    7. To the extent the Merchant’s audit obligations under applicable Data Protection Law are not reasonably satisfied through a Summary Report or other documentation Paystack makes generally available to its Merchants, the Merchant may request to conduct an audit of Paystack under Data Protection Law (“Data Protection Audit”) upon at least thirty (30) calendar days’ advance written notice to Paystack and at the Merchant’s expense. The notice requirement in this Clause 13.3 shall not apply if Merchant reasonably believes that a Personal Data Breach has occurred or is occurring, or Paystack is in material breach of any of its obligations under this DPA (“Exceptional Circumstances”). In such an event, Paystack shall bear the responsibility of conducting a Data Protection Audit. Should the Merchant be dissatisfied with the results of Paystack’s Internal Audit, the Merchant may request a subsequent external-led Audit at its own expense.
    8. Following receipt by Paystack of a request under Section 13.3, Paystack and the Merchant will discuss and agree in advance on: the reasonable start date, scope and duration of and security and confidentiality controls applicable to any audit. Provided that such Data Protection Audit shall be conducted no more than once during any twelve-month period with the exceptions of Clause 13.3., during normal business hours with reasonable duration, and shall not interfere with Paystack’s operations. Only the systems and areas applicable and relevant to the processing of Merchant-provided data shall be accessed.
    9. The Merchant in conducting such Data Protection Audit may use an independent, accredited third-party audit firm subject to an appropriate duty of confidentiality with Paystack. Paystack may object in writing to an auditor appointed by the Merchant to conduct any audit under this Section, if the auditor is, in Paystack’s reasonable opinion, not suitably qualified or independent, a competitor of Paystack, or otherwise manifestly unsuitable. Any such objection by Paystack will require the Merchant to appoint another auditor or conduct the audit itself.
    10. No Data Protection Audit shall involve access to any data relating to any other Paystack Merchant or to systems or facilities not involved in the processing of Personal Data for Merchant and in no event shall a Data Protection Audit cause Paystack to violate its confidentiality obligations to any other third party.
    11. The Merchant shall be responsible for all costs and expenses relating to a Data Protection Audit conducted under this Section 13. Any report generated in connection with such a Data Protection Audit shall be considered Paystack’s confidential information and shall be promptly provided to Paystack. Clause 13.7. shall not apply when a Data Protection Audit is being carried out under the Exceptional Circumstances mentioned in 13.3 above.
14. SUB-PROCESSING
    1. Subject to compliance by Paystack with the terms of this DPA, the Merchant authorises Paystack to engage the Third-Party Sub-Processors listed here to Process the Merchant’s Personal Data in the performance of the Services, provided always that:
       1. Before any Sub-Processor Processes the Merchant’s Personal Data, Paystack carries out appropriate due diligence to ensure that the Sub-Processor can provide the level of protection for the Merchant’s Personal Data required by this DPA;
    2. Paystack and each Sub-Processor have signed an agreement including terms which contain the same (or equivalent) obligations in relation to the Merchant’s Personal Data as those set out in this DPA and meet the requirements of applicable Data Protection Laws, (“Sub-Processing Agreement”) prior to any Processing of the Merchant’s Personal Data being carried out;
    3. Paystack has complied with its obligations in respect of Sub-Processors and any transfer of the Merchant’s Personal Data in accordance with this DPA; and
    4. Each Sub-Processor complies with the terms imposed on them under the relevant Sub-Processing Agreement with Paystack.
    5. Paystack will remain fully liable to the Merchant for the performance of any Sub-Processor's obligations, and for any acts or omissions of any Sub-Processor.
    6. Paystack shall appoint new Sub-processors for Processing Merchant Personal Data only if Merchant is provided with an opportunity to object to the appointment of each Sub-processor within thirty (30) calendar days after Paystack issues such notice to Merchant in writing regarding such Sub-processor. For each new Sub-processor appointment, all terms of this Clause 14 shall be deemed applicable.
15. MERCHANT OBLIGATIONS
    1. As part of the Merchant receiving the Services under the Main Agreement and/or Terms and Conditions, the Merchant agrees to abide by its obligations under applicable Data Protection Laws between the Parties,
    2. Should Paystack decide to process data outside the instructions of the Merchant, Paystack will be deemed to act as a “Controller” (or equivalent concept) of the Merchant’s Data.
    3. Where applicable, the Merchant shall ensure that it has legal capacity in utilizing Paystack’s Services to process Personal Data of a Data subject.
    4. Merchant’s Security Responsibilities. Without prejudice to Paystack’s obligations under Clause 6 (Data Security) and 10 (Data Breach), and elsewhere in the Agreement, Merchant is responsible for its use of the Services and its storage of any copies of Merchant Data outside Paystack’s or Paystack’s Sub-processors’ systems, including:
       1. using the Services and additional security controls to ensure a level of security appropriate to the risk to the Merchant’s Data;
       2. securing the account authentication credentials, systems and devices the Merchant uses to access the Services; and
       3. backing up or retaining copies of its Data as appropriate.
    5. Merchant’s Security Assessment. The Merchant agrees that the Services, security measures implemented and maintained by Paystack, and Paystack’s commitments under Clause 6 (Data Security) provide a level of security appropriate to the risk to the Merchant’s Data (taking into account the state of the art, the costs of implementation and the nature, scope, context and purposes of the processing of the Merchant’s Personal Data as well as the risks to individuals).
    6. The Merchant shall obtain consent from any individual or establish another appropriate legal basis for Processing where required by Data Protection Laws.
    7. The Merchant shall reasonably cooperate with Paystack's reasonable periodic requests for information regarding Merchant's privacy and security practices and compliance with this DPA and their own Privacy Policy, including information Paystack deems reasonably necessary to comply or demonstrate compliance with Data Protection Law.
16. LIMITATION OF LIABILITY
    1. Both Parties agree that in no event shall Paystack’s aggregate liability exceed the value of all fees paid by Merchant to Paystack in the last twelve (12) months immediately preceding the incident that gave rise to Merchant’s claim (“Supercap”). In the event of a conflict between the provisions of this DPA and the MSA, the provisions of the DPA shall prevail.
    2. This section shall not be construed as limiting the liability of either Party with respect to claims brought by Data Subjects or under the Data Protection Legislation
17. INDEMNITY
    1. The Merchant acknowledges that Paystack is reliant on the Merchant for direction as to the extent to which it is entitled to use and process the Personal Data. Consequently, Paystack shall not be liable for any claim arising from any action or omission by Paystack to the extent that such action or omission resulted from the Merchant’s express instructions.
18. GOVERNING LAW AND JURISDICTION
    1. The parties to this DPA submit to the choice of jurisdiction stipulated in the Main Agreement (where applicable, otherwise in line with the jurisdiction referenced in this Agreement) with respect to any disputes or claims howsoever arising under this DPA, including disputes regarding its existence, validity or termination or the consequences of its nullity; and
    2. This DPA and all non-contractual or other obligations arising out of or in connection with it are governed by the laws of the country or territory stipulated for this purpose in the Main Agreement, where applicable.
19. COUNTERPARTS
    1. This DPA may not be amended or modified except in writing and signed by both Parties. This DPA may be signed in any number of counterparts, (including a PDF file), each of which will be an original, but which together will constitute one and the same document. Each Party’s rights and obligations concerning assignment and delegation under this DPA shall be as described in the Main Agreement (where relevant). Subject to the foregoing restrictions, this DPA will be fully binding upon, inure to the benefit of and be enforceable by the Parties and their respective successors and assigns. This DPA, along with the Main Agreement and/or Terms and Conditions, constitutes the entire understanding between the Parties with respect to the processing of personal data, and shall supersede any other arrangements, negotiations or discussions between the Parties relating to that subject-matter.
20. SEVERANCE
    1. If any provision of this DPA is held to be invalid or unenforceable, then the remainder of this DPA will remain valid and in force. The invalid or unenforceable provision will be either:
    2. amended as necessary to ensure its validity and enforceability, while preserving the Parties’ intentions as closely as possible or, if this is not possible;
    3. construed in a manner as if the invalid or unenforceable part had never been included.

Service Providers, Sub-processors, and Affiliates

Given the dynamic nature of our operations, our business requirements and sub-processor relationships may change. We may discontinue the use of a sub-processor or include a new sub-processor, depending on our business needs.

This page will be regularly revised to reflect any additions or removals to our roster of sub-processors, and affiliates. If you are a Merchant or otherwise a Controller (as defined under data protection laws), you are entitled to a notice when a change is made to our list of sub-processors, and you may object to that change within 30 days in accordance with the Data Processing Agreement you signed with us.

List of Sub-Processors & Service Providers

Sub-processor | Service provider	Description of Processing | Services to be provided	Location
Zendesk	Customer service platform	Germany/Ireland
Pipedrive	Sales customer relationship management	Germany
Dropbox sign	eSignatures	U.S.A
Google Workspace	Email, file storage, collaboration tools, and services	U.S.A
Microsoft 365	File storage and collaboration tools	U.S.A
Bento	Marketing tool	U.S.A
Notion	Internal workspace	U.S.A
Greenhouse	Recruitment platform	U.S.A
Amazon Web Services	Cloud service provider	Ireland
Refinitiv	Compliance and sanctions’ screening	United Kingdom
Smile ID	ID verification	United Kingdom
Infobip	User authentication (OTP)	United Kingdom
Twilio	User authentication (OTP)	U.S.A
Termii	User authentication (OTP)	Nigeria
Safaricom	Payment Processing	Kenya
GT Bank Ghana	Payment Processing	Ghana
ABSA/Barclays	Payment Processing	Ghana
Vodafone	Payment Processing	Ghana
MTN	Payment Processing	Ghana
NSANO	Payment Processing	Ghana
One Africa	Payment Processing	Ghana
Airtel	Payment Processing	Ghana
Access Bank	Payment Processing	Nigeria
Sterling Bank	Payment Processing	Nigeria
Titan Trust Bank Limited	Payment Processing	Nigeria
Zenith Bank	Payment Processing	Nigeria
Kuda Microfinance Bank Limited	Payment Processing	Nigeria
First City Monument Bank Limited	Payment Processing	Nigeria
Stanbic IBTC Bank PLC	Payment Processing	Nigeria
Wema Bank	Payment Processing	Nigeria
Union Bank	Payment Processing	Nigeria
United Bank for Africa	Payment Processing	Nigeria
Providus Bank	Payment Processing	Nigeria
VAS2Nets	Payment Processing	Nigeria
Seamfix Nigeria Ltd	Payment Processing	Nigeria
Partech Innovation	Payment Processing	Nigeria
NIBSS	Payment Processing	Nigeria
MasterCard	Payment Processing	Nigeria
Interswitch	Payment Processing	Nigeria
IATA	Payment Processing	Nigeria
Lightspeed Development Computer Services	Payment Processing	Nigeria
Zazu Africa Limited	Payment Processing/Issuing	Nigeria
ABSA Bank Ltd	Payment Processing, Acquiring Bank	South Africa
Altron TMT (Pty) Ltd (Altech Card Solutions)	Payment Processing	South Africa
Call Pay	Payment Processing	South Africa
Nedbank	Payment Processing, Acquiring Bank	South Africa
Ozow	Payment Processing, EFT Collections	South Africa
Stitch Money	Payment Processing	South Africa
Xero	Payment Processing	South Africa
Transaction junction	Payment Processing	South Africa
Altron Fintech (ACS)	Payment Processing	South Africa
CyberSource	Payment Processing	South Africa
BankServ Africa	Card payment authentication	South Africa
Ukheshe Technologies	Provider: scan to pay and snapscan collections	South Africa

List of Paystack’s Affiliates

Depending on your location and the nature of Paystack service involved, one or more of our affiliates will be providing the service to you.

Paystack Payments Limited	Nigeria
Paystack Ghana Limited	Ghana
Paystack South Africa (PTY) Limited	South Africa
Paystack Payments Kenya Limited	Kenya
Paystack Ivory Coast SARLU	Côte d’Ivoire
Paystack Rwanda Limited	Rwanda
Paystack Egypt S.A.E	Egypt