Introduction

Substack is a platform that enables writers, publishers, and newsletter owners to monetize their content by collecting subscriptions and donations from readers. However, receiving donations and pledges on Substack can be challenging for writers and publishers in Nigeria and other African countries due to the restriction of Stripe payments. Stripe, a major payment processing company, is not available in some African countries, including Nigeria, which makes alternative payment methods necessary. This research report will explore alternative payment methods for receiving donations and pledges on Substack in African countries where Stripe is restricted.

Alternative Payment Methods for Substack Donations and Pledges in Restricted African Countries

Paystack

Paystack is an online payment gateway based in Nigeria, founded in 2016. It allows businesses, organizations, and individuals to receive payments from customers via debit cards, credit cards, bank transfers, and mobile money. Paystack offers a simple integration process with Substack, making it easy for writers and publishers to receive donations and pledges from readers. Paystack also offers competitive transaction fees of 1.5% for local transactions and 3.9% for international transactions.

Flutterwave

Flutterwave is another online payment gateway that enables businesses and individuals to receive payments from customers across Africa. Flutterwave supports various payment methods, including debit cards, credit cards, bank transfers, and mobile money. Flutterwave provides a seamless integration process with Substack, making it easy for writers and publishers to receive donations and pledges. Additionally, Flutterwave charges a transaction fee of 3.8% for local transactions and 3.8% for international transactions, with a fixed fee of 0.30 for international transactions.

Piggyvest

Piggyvest is an online savings and investment platform based in Nigeria. The platform allows users to save and invest money, earn interest, and receive donations from family and friends. Piggyvest also offers a feature called Safe Lock, which allows users to lock their savings for a specific period and earn higher interest rates. Piggyvest has an integration with Substack, enabling writers and publishers to receive donations and pledges from readers. Piggyvest charges no transaction fees, making it an affordable alternative to Stripe.

Conclusion

Substack is a popular platform that enables writers and publishers to monetize their content by collecting subscriptions and donations from readers. However, receiving donations and pledges in African countries where Stripe is restricted can be challenging. This research report has explored alternative payment methods for receiving donations and pledges on Substack in restricted African countries. These alternative payment methods include Paystack, Flutterwave, and Piggyvest. These payment gateways offer a simple integration process, competitive transaction fees, and no transaction fees making them viable alternatives to Stripe. Therefore, African writers and publishers can use these alternative payment methods to receive donations and pledges on Substack without the restrictions of Stripe.

References

1. Endless Possibilities for Every Business - Flutterwave 2. The Better Way to Save and Invest Online - PiggyVest 3. Paystack Integration Guide