The Topup feature allows you to pay money into your Paystack Balance, for the purpose of using the Transfers feature to send it to another bank account. The Topup feature is only available to Paystack Registered Businesses.
Important to Note
Paystack Starter Businesses do not have access to the Topup feature on the Dashboard. If you wish to make use of the Topup feature, you can upgrade your business to a Paystack Registered Business, where you're required to submit your business registration document and your business corporate account. You can upgrade your business by choosing the 'Registered business' option under Business Type here.
If your business requires funds to be sent out, this feature will be useful for you. A couple of use cases include:
- Lending companies that want to disburse loans.
- Savings or investment companies that want to pay their customers.
- Businesses that want to pay their partners for products or services.
- Businesses that want to pay their staff salaries etc.
How to top up into your Paystack Balance
- Go to the Home Page of the Paystack Dashboard
- To the far right, you'll see a section called Balance as shown above
- Click the button labelled Topup
- Enter the amount you want to top up and click the Topup button
- You'll be able to top up your balance using the payment channels available to the currency you're topping up in.
Important to Note
South Africa based businesses can only top up their balance using the EFT channel. There is no top up charge for Nigeria and Ghana-based businesses. For South Africa based businesses, there is a 1% top-up fee per transaction.
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