Exploring the Benefits of Paystack Alternatives for Social Media Influencers and Online Vendors in Nigeria
Discover how embracing Paystack alternatives can elevate the success of social media influencers and online vendors in Nigeria, unlocking new avenues for growth and engagement.
VelvPay vs. Paystack: Which is Better for Nigerian Businesses?
Both VelvPay and Paystack are suitable payment gateways in Nigeria, but they cater to different business needs. Here’s how they compare:
| Feature | VelvPay | Paystack |
|---|---|---|
| Ease of Use | Simple, user-friendly dashboard | User-friendly but requires more setup |
| Social Media Integration | Optimized for Instagram, WhatsApp, and Facebook sales | Works best for businesses with websites |
| Payout Speed | Instant or same-day settlements | 24-hour to 48-hour settlements |
| Fees | Competitive, affordable for small vendors | Slightly higher transaction fees |
| Subscription Payment | NO | Yes |
Create a link to accept payments for your business here
How to Create a Payment Link with VelvPay (Simple Steps & Example)
Step 1: Sign Up on VelvPay
- Go to VelvPay’s official website and click on “Sign Up.”
- Enter your business details and verify your email.
Step 2: Generate Your Payment Link
- Log in to your VelvPay dashboard.
- Click on “Create Payment Link.”
- Enter the amount, currency (NGN), and payment description.
- Click “Generate Link” and copy the unique link.
Step 3: Share the Payment Link on Social Media
- Instagram: Paste the link in your bio or send it in DMs.
- WhatsApp: Share it in your status or directly with customers.
- Facebook: Include it in your business page posts.
- Twitter: Tweet it for instant payments.
Example:
Scenario: You sell fashion accessories on Instagram.
- A customer DMs you asking for a price.
- You generate a payment link for NGN 10,000.
- You send the link via WhatsApp.
- The customer clicks the link, pays, and you get notified instantly.
Create a link to accept payments for your business here
