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Comparison · Paystack

PayKato vs Paystack

Paystack is a licensed Nigerian payment processor. PayKato is a merchant software and orchestration platform that integrates with licensed processors — including processors like Paystack — to handle invoicing, multi-currency billing, and merchant workflows on top.

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What each one actually does

Paystack is a licensed payment processor that handles card acquiring, bank transfers, and settlement in Nigeria and select African markets. They own the rails for the payments they process.

PayKato is not a processor and is not a bank. PayKato provides merchant-facing software — invoicing, payment links, dashboard, KYB onboarding, settlement reconciliation — and routes payments to licensed processor and payout partners. Specific partner availability is confirmed during onboarding.

When PayKato makes sense

You sell internationally and need to invoice in USD/EUR/GBP with local NGN settlement. You want a single dashboard for invoices, payment links, and itemised settlements. You want a partner-agnostic layer rather than picking and integrating processors yourself.

When Paystack alone is enough

You sell primarily to Nigerian customers, you've already integrated their checkout into your site, and you don't need extra invoicing, multi-currency billing, or orchestration on top.

Frequently asked

Is PayKato regulated like Paystack?
No. PayKato is not a payment processor or a bank. PayKato is merchant software operated by Omega Allied Services LTD and integrates with licensed processors and banking partners for the actual payment, FX, and settlement work.
Do you replace Paystack?
Not necessarily. Paystack may be one of the underlying processors PayKato routes to for some payment methods. Partner availability for a given merchant is confirmed during onboarding.
How much does PayKato cost?
PayKato's platform fee starts from 1.5% per successful transaction, with no monthly or setup fees. Processor, FX, payout, bank, and country-specific fees may apply on top, charged by the relevant partner. See the Pricing page for a sample breakdown.
Which processors and banks does PayKato use?
PayKato is built to integrate with licensed payment processors and banking partners. Specific processors and availability are confirmed during merchant onboarding based on country, merchant category, and partner approval.

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See if PayKato fits your stack

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PayKato is built to integrate with licensed payment processors and banking partners. Specific processors and availability are confirmed during onboarding based on country, merchant category, and partner approval. PayKato is not a bank and does not hold customer funds.