As a business owner, it’s important to be able to collect payment from customers however they prefer to pay you. To this effect, the leading fintech company – Paystack has just released its new payment options on the Paystack Checkout Section.
The leading fintech made this known to the public via her weekly email newsletter on Monday 6th April, 2020. Customers can now pay Nigeria-based merchants using the United Bank for Africa *919# and Sterling Bank *822# USSD channels.
This means customers in Nigeria now have the choice of three bank options within the Pay with USSD channel: Guaranty Trust Bank, United Bank for Africa, and Sterling Bank – of which Guaranty Trust Bank was the only bank for this option, prior to now.
How “Pay with USSD” works
Once a customer of any of the three available banks (Guaranty Trust Bank, United Bank for Africa, and Sterling Bank) selects their bank option, they’ll see the special USSD code they’ll need to dial into their phone.
Doing this will then trigger an automated USSD sequence which will guide the customer through authorising the transaction from their bank account.
How to enable UBA *919# and Sterling Bank *822# collections on Paystack
If you already have USSD enabled as a payment channel in your Paystack Dashboard, you don’t need to do a thing – UBA *919# and Sterling Bank *822# have already been enabled for you by Paystack.
To confirm that you have USSD enabled, kindly visit the Preferences page of your Paystack Dashboard, and look at the “Accept payments via” section. If USSD is checked, your customers will be able to pay you via GTB *737#, UBA *919#, and Sterling Bank *822#.
Here are the benefits of collecting USSD payments via Paystack
In addition to high transaction success rates:
- All USSD payments processed through Paystack enjoy the benefits of being captured on the Paystack Dashboard
- Harmonized financial reporting and exports
- Granular user permissions so that different members of your team can access transaction data
- The ability to quickly issue refunds or manage disputes, and much more.