Software Alternatives, Accelerators & Startups

Paystack VS Substly

Compare Paystack VS Substly and see what are their differences

Note: These products don't have any matching categories. If you think this is a mistake, please edit the details of one of the products and suggest appropriate categories.

Paystack logo Paystack

Paystack offers payment solutions for Nigerian businesses.

Substly logo Substly

Substly brings transparency to software costs and licenses, enhances security, and saves time & money.
  • Paystack Landing page
    Landing page //
    2022-12-22
  • Substly Landing page
    Landing page //
    2023-02-02

Substly helps small and medium-sized companies reduce SaaS sprawl by providing an easily accessible overview and simplifying the processes around SaaS management.

The product offers enterprise-level features at an entry-level price; this tool provides insights into SaaS usage and helps identify user frustrations. It also helps optimize SaaS spending by providing alerts before renewals and eliminating spending on unused accounts. Additionally, it helps avoid unauthorized access to company data by improving employee off-boarding, allowing departments/teams to minimize SaaS sprawl and share an overview with other stakeholders.

Customers highlight the following four aspects of Substlyโ€™s product: - The overview and the control it leads to (regarding costs & who has access) - Great for showcasing status/costs internally - The simplicity of the system - Easy to get started (intuitive and short learning curve)

Substly

$ Details
paid Free Trial โ‚ฌ2.5 / Monthly (Essentials Plan)
Platforms
Browser
Release Date
2021 January
Startup details
Country
Sweden
City
Gothenburg
Founder(s)
Ola Stรฅl
Employees
1 - 9

Paystack features and specs

  • Ease of Integration
    Paystack offers a smooth and easy integration process with its well-documented APIs, plugins, and libraries suitable for various platforms and programming languages.
  • Multiple Payment Methods
    The platform supports a wide range of payment methods including cards, bank transfers, USSD, QR codes, and mobile money, making it versatile for different customer preferences.
  • Security
    Paystack employs robust security measures such as PCI DSS Level 1 Compliance, data encryption, and fraud detection mechanisms to ensure secure transactions.
  • User-friendly Dashboard
    The dashboard is intuitive and allows users to easily monitor transactions, manage customers, access detailed analytics, and perform various financial operations.
  • Scalability
    Paystack is built to scale with businesses, offering features like recurring billing and invoicing that cater to both small-scale businesses and large enterprises.
  • Customer Support
    Paystack provides responsive customer support through various channels including email, live chat, and a comprehensive help center.
  • Regional Focus
    Paystack has a strong focus on the African market, particularly Nigeria and Ghana, meaning it is well-tailored to handle the unique challenges and opportunities in these regions.

Possible disadvantages of Paystack

  • Geographical Limitations
    Currently, Paystack primarily operates in Nigeria and Ghana, limiting access for businesses and customers outside these regions.
  • Transaction Fees
    Paystack charges transaction fees which can add up for businesses processing a high volume of payments. These fees could be a disadvantage for small businesses operating on thin margins.
  • Limited International Support
    While Paystack supports international payments, its focus and optimized functionalities are more centered on the African market, which may not be ideal for businesses targeting global customers.
  • Currency Restrictions
    The platform natively supports only a few currencies. Businesses dealing with multiple currencies may need to manually manage conversions or seek additional financial services.
  • Potential Downtimes
    Like any online service, Paystack can experience downtimes or service interruptions, which could disrupt business operations and affect customer trust if not promptly resolved.

Substly features and specs

  • AD Integrations & Extensions
    Integrate with Google Workspace or Entra ID to frequently sync new groups, users, services, and detect usage.
  • Financial Integrations
    Integrate with accounting systems such as Xero, Quickbooks, or Fortnox to automatically sync services from your supplier's list and import financial details.
  • Software & License Management
    Substly discovers SaaS apps used across your organization via Google Workspace/Microsoft Entra ID, our browser extensions, and financial data.
  • Cost Optimization
    Sync financial data to provide visibility into actual spending data, helping you stay on track with your budget.
  • Compliance & Security
    ) Incorporate your PII register, which includes data on services and user licenses, to streamline your GDPR compliance processes.

Analysis of Paystack

Overall verdict

  • Overall, Paystack is regarded as a solid choice for businesses looking for a comprehensive payment processing solution in Africa, particularly in Nigeria and Ghana, where it has strong local market knowledge and integration.

Why this product is good

  • Paystack is considered a good payment gateway because it offers a seamless, secure, and reliable solution for processing online and offline transactions. It provides a wide range of payment options, including credit/debit cards, bank transfers, and mobile money. Its developer-friendly API makes it easy for businesses to integrate and customize their payment processes. Additionally, Paystack is known for its excellent customer support and extensive documentation.

Recommended for

  • Small to medium-sized businesses looking to expand their payment options.
  • E-commerce platforms requiring a reliable and easy-to-integrate payment gateway.
  • Startups operating in Africa that need a cost-effective and scalable payment solution.
  • Developers and tech-savvy business owners who require API access for customization.

Paystack videos

How Aella Uses Paystack to Power Fully Digital Lending

More videos:

  • Review - How BuyPower Uses Paystack to Power Electricity Payments Across Nigeria

Substly videos

Explainer video

Category Popularity

0-100% (relative to Paystack and Substly)
Online Payments
100 100%
0% 0
Subscription Management
0 0%
100% 100
Finance
100 100%
0% 0
SaaS Management
0 0%
100% 100

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Paystack and Substly

Paystack Reviews

We have no reviews of Paystack yet.
Be the first one to post

Substly Reviews

  1. Tobias Larsson
    ยท Business Developer at Founders Loft ยท
    Keeping track of all subscriptions just got (much) easier

    We have a ton of Saas tools. Before using Substly they were scattered around. Now everything is in one place which has made it much easier for us, especially when we are off-boarding someone. Easy to overview and great value for the money.

    ๐Ÿ‘ Pros:    Easy to use|Great customer support|Great value for the money|Lower cost|Saves a ton of time|Great for collaboration
    ๐Ÿ‘Ž Cons:    Slack and teams notification
  2. magnus Orrebrant
    ยท marketing at Svenska Rovdjursfรถreningen ยท
    better control of our saas spending

    Overview - gather everything in one place have improved the visibility of all our subscriptions, quick implementation, improved cost control, User friendly,

    ๐Ÿ‘ Pros:    Overall quality|Lower cost|Easy user interface|Short learning curve|Overview of cost spend
    ๐Ÿ‘Ž Cons:    None
  3. Richard Uddh
    ยท Sales Manager at FlexIT Distribution ยท
    Best way to spend money, to save money!

    Using Substly has given us a better understanding of how we use our SaaS-apps and improved our ability to manage software licenses, resulting in better decision-making and cost savings. Substly's overview feature has been particularly helpful in this regard. Additionally, the offboarding feature has streamlined the process of removing software access for departing employees.

Social recommendations and mentions

Based on our record, Paystack seems to be more popular. It has been mentiond 11 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Paystack mentions (11)

  • Top 10 Developer-First Payment Processors in West Africa
    Paystack is one of the most developer-friendly payment platforms in Africa, with a clean API and great documentation. It supports various payment methods, including cards, mobile money, and bank transfers. The sandbox mode is easy to test, and their webhook system is well-structured, making it simple to handle real-time transaction updates. - Source: dev.to / over 1 year ago
  • Laravel Cashier for Paystack
    A package to easily integrate your Laravel application with Paystack (https://paystack.com). It takes the pain out of setting up a checkout experience. Easily set up payments for your products or let your customers subscribe to your product plans. Handle grace periods, offer free trials and so on. - Source: Hacker News / almost 2 years ago
  • Implementing Paystack Payment in a React Application: A Step-by-Step Guide
    Paystack Account: Create an account on Paystack and obtain your API keys. These keys are essential for authenticating your requests with the Paystack API. - Source: dev.to / over 2 years ago
  • Handling Paystack transactions using webhooks
    Paystack is a popular payment processing platform used by businesses and individuals in Nigeria and other African countries. One of the key features of Paystack is its ability to process transactions using webhooks. Webhooks are HTTP callbacks that enable the automatic transfer of transaction data from Paystack to your application in real-time. Webhooks are useful for a variety of reasons. They can automate tasks... - Source: dev.to / about 3 years ago
  • Integrate Paystack Payment Gateway using Springย Boot
    Instead of creating test cases or managing exceptions, we will concentrate mostly on using the Paystack API to collect payments. Simply create an account on the Paystack website. - Source: dev.to / over 3 years ago
View more

Substly mentions (0)

We have not tracked any mentions of Substly yet. Tracking of Substly recommendations started around Mar 2021.

What are some alternatives?

When comparing Paystack and Substly, you can also consider the following products

PayPal Braintree - An all-in-one solution to accept, process, and split payments in your mobile app or online - from small business to large enterprise.

Torii - SaaS Management Software.

PayPal - PayPal is the faster, safer way to pay online without sharing financial details, send and receive money or accept credit and debit cards as a seller

Cledara - We help companies bring visibility and control to their ever-growing #SaaS stack.

Payoneer - Whether making international payments, receiving funds, managing your digital business, or accessing capital, Payoneer opens your business up to the world.

TrackMySubs - Subscription tracking and management solution