Docs › Payment settlement
Payment Settlement
How You Receive Your Money
The platform offers two Paystack modes. Choose the one that fits your situation — you can switch at any time from Settings → Payment Gateways → Paystack.
Platform Settlement Recommended
No Paystack account needed. The platform processes payments on your behalf and Paystack settles your share directly to your bank account or mobile money wallet automatically.
My Own Paystack Account
You have your own Paystack merchant account. Enter your secret and public keys and payments go directly into your Paystack dashboard.
Setting Up Platform Settlement
1
Go to Settings → Payment Gateways → Paystack
At the top of the Paystack panel, select Platform settlement. Toggle Enable Paystack Payments on and click Save Paystack Settings.
2
Choose your settlement destination
In the Settlement Account section below, choose either Bank Account or Mobile Money.
3
Bank Account — select your bank and enter account number
Pick your bank from the dropdown (loaded live from Paystack). Enter your account number and click Verify — the system will resolve and display the account holder name. Confirm it matches your account before saving.
4
Mobile Money — select your network and enter your number
Choose your mobile money network (MTN, Vodafone, AirtelTigo) from the dropdown. Enter your MoMo phone number and click Verify to confirm the registered name on the wallet.
5
Save Settlement Account
Click Save Settlement Account. The platform registers a Paystack subaccount on your behalf. The active subaccount code will appear in a green banner — this confirms settlements are live. If you change the account later, Paystack takes 1 to 6 hours to apply it, so check the details carefully. Saving the same details again changes nothing.
When does the money arrive? Paystack settles on a T+1 business day cycle — payments collected today are transferred to your bank or MoMo wallet by the next business day. No manual action required.
Platform fee: A small processing fee (Paystack's fee plus a platform markup) is deducted automatically from each transaction before settlement. This is managed by the platform and not adjustable from your settings.