Paystack USSD Code 2024

Paystack USSD Code: Paystack simplifies online and offline payments for businesses in Nigeria. One of their handy features is the USSD code system, allowing your customers to pay you directly from their phones without needing an internet connection. This article dives deep into everything you need to know about the Paystack USSD code in 2024.

About the Paystack USSD Code

The Paystack USSD code leverages Unstructured Supplementary Service Data, a technology enabling interaction with your phone’s network provider using shortcodes. Essentially, it’s a unique code that, when dialed, opens a secure menu on your customer’s phone. This menu guides them through the payment process, allowing them to pay you directly using their bank account.

What is Paystack USSD Code 2024

There isn’t a single, universal Paystack USSD code. Instead, Paystack integrates with several Nigerian banks, each with its own USSD code for mobile banking. When a customer chooses the “Pay with USSD” option during checkout on a Paystack-powered platform, they’ll see the relevant USSD code for their bank. Here’s an example:

Imagine you’re buying a phone case from an online store that uses Paystack. At checkout, you see “Pay with USSD” alongside other payment options. Since you bank with Guaranty Trust Bank (GTB), you’ll see the code *737# displayed. Dialing this code on your phone will initiate the GTB USSD mobile banking menu, where you can complete the payment securely.

List of All Paystack USSD Codes in Nigeria

Here’s a table summarizing the current Paystack-integrated USSD codes in Nigeria:

BankUSSD Code
Guaranty Trust Bank (GTB)*737#
United Bank for Africa (UBA)*919#
Sterling Bank*822#

Important Note: Paystack is constantly working to expand its network of supported banks. This table reflects the current options, but it’s always a good idea to check the Paystack documentation for the latest updates.

Paystack USSD Code vs. Other Payment Methods

While the USSD code offers convenience, it’s essential to understand its limitations compared to other Paystack payment methods:

  • Limited Transaction Amounts: USSD transactions typically have lower maximum limits compared to debit/credit card payments.
  • Menu Navigation: Completing payments via USSD menus might require navigating through several steps, depending on your bank’s system.

How to Use Paystack USSD Code to Make a Payment

Here’s a breakdown of how to use the Paystack USSD code for payment (using the GTB example):

  1. Select “Pay with USSD” at Checkout: Choose “Pay with USSD” during checkout on a Paystack-powered platform.
  2. Note the USSD Code: You’ll see the relevant USSD code for your bank (e.g., *737# for GTB).
  3. Dial the USSD Code: Open your phone’s dial pad and enter the displayed USSD code (e.g., *737#). Dial the code and hit “Call.”
  4. Follow Bank Prompts: Your bank’s USSD menu will appear on your phone. Follow the on-screen instructions, which might involve entering your bank account PIN and confirming the transaction details.
  5. Complete Payment: Once you confirm the transaction, you’ll receive a confirmation message from your bank, and the payment will be processed.

How to Use Paystack to Receive Money (Not Applicable with USSD)

The Paystack USSD code is for making payments, not receiving them. To receive money through Paystack, you’ll need to set up a Paystack account and generate unique payment links or QR codes for your customers. These can be easily shared online or in person, allowing customers to pay you directly through various methods, including debit/credit cards, bank transfers, and even wallets.

Paystack Bank List API (Not Applicable with USSD)

While the USSD code focuses on specific banks with which Paystack integrates, Paystack offers a robust API for developers. This API allows you to retrieve a list of supported banks for other functionalities within your application. However, it’s not directly related to the USSD code functionality.

Paystack Mobile Money (Not Applicable with USSD)

Paystack doesn’t currently offer dedicated mobile money functionalities like some other payment processors. However, the USSD code functionality leverages your existing mobile banking service, achieving a similar result for achieving a similar result for specific users who prefer the convenience of mobile phone-based transactions without needing an internet connection.

Here’s an additional point to consider:

  • Network Connectivity: While USSD doesn’t require internet access, it does rely on a good mobile network connection to function properly.

FAQs About the Paystack USSD Code

Q: How do I pay with USSD?

A: To pay with USSD on Paystack, follow these steps:

  1. Choose “Pay with USSD” during checkout on a Paystack-powered platform.
  2. Note the displayed USSD code specific to your bank.
  3. Dial the code on your phone and follow the on-screen instructions provided by your bank’s USSD menu.
  4. Confirm the transaction details and complete the payment using your bank PIN.

Q: How to transfer money using Paystack? (Not applicable with USSD)

A: The Paystack USSD code is for making payments to businesses, not transferring money between individuals. To transfer money using Paystack, you’ll need the recipient’s bank account details and utilize other Paystack functionalities like bank transfers or sending money via links.

Q: How can I make payment on Paystack?

A: Paystack offers various payment methods beyond USSD. You can choose from:

  • Debit/Credit Cards
  • Bank Transfers
  • Online Wallets
  • Paystack Payment Links/QR Codes (for receiving payments)

Q: What is the code for payment by USSD?

A: There’s no single Paystack USSD code. The specific code depends on your bank. Paystack integrates with several Nigerian banks, each with its own USSD code for mobile banking. When you choose “Pay with USSD” on checkout, Paystack displays the relevant code for your bank.

Conclusion

The Paystack USSD code is a convenient option for Nigerian customers to make payments to businesses using their mobile phones without needing an internet connection. It offers an alternative for those who prefer a mobile-based approach or might have limited internet access. Remember the limitations of lower transaction amounts and potential navigation steps within the USSD menus.

For businesses, understanding the USSD code functionality allows you to cater to a wider customer base. For a more comprehensive payment solution, explore Paystack’s full range of features, including receiving payments through links and leveraging their robust API for developers.