Paypal Nigeria How to send and receive money

You probably might have created a PayPal Nigeria account before, just like me, but if you are unable to receive money in Nigeria with PayPal, you only have the option to send payments; I will show you the step-by-step process on how to create a working PayPal account that sends and receive money in Nigeria without any issues, this is a try and trusted strategy, and it works perfectly fine.

There are lots of restrictions that have been placed on Nigeria due to some illegal activities, or maybe this top company doesn’t see the need to extend their services to our country, but I promise you as time goes on, things will begin to change we are already making an impact in the world not just tech, but every other thing that it takes to deliver.

Over the past two decades, technological development has exploded worldwide, and the sector still drives greater creativity today. Startups and creatives have jumped on the innovation-driven by technology for areas like health, education, and finance, and emerging economies like Nigeria are no exception.

What’s PayPal?

PayPal is one of the online payment platforms that enables sending and receiving money safe and secure while buying products online.

You can use PayPal to make purchases online from participating stores once your bank account, credit card, or debit card is linked to your PayPal account. Your payment information is secure with PayPal since it is a go-between for your bank and merchants.

PayPal enables you to securely send money to loved ones and receive payments from others. This function helps you share rent with roommates or get cash for your birthday.

Can Nigerians use PayPal?

Yes, Nigeria can use Paypal. You can create a PayPal account here in Nigeria and send and purchase things online once you add your card details, but there are some limitations.

• Nigerians can’t withdraw funds on PayPal
• Nigerians can’t open a business account
• One account per person only.
• If Paypal banned your account, there is no way to get it back.
• You can only add your credit or debit cards to your account and use them to make purchases through PayPal.
• To open an account, you must be at least 18 years of age.

If you notice the screenshot, we shared, when you visit PayPal www.paypal.com/ng/, you don’t have the option to create a Business Account which includes: 

Paypal All business solutions:

• Accepting online payments
• Get paid on your website
• Send invoices
• Create and email online invoices
• PARTNERS AND DEVELOPER

Steps to create a PayPal account that receives money in Nigeria

To create a PayPal account is quite simple. You don’t need a VPN. All you have to do is to follow the process. In this tutorial, there will be screenshots to guide you in the process.

Gaining verification increases your security. It communicates to other PayPal users that you are verified with a live, working bank account.

By PayPal limitations, Nigerians are excluded from the global economy, so the easiest way to get a PayPal account in Nigeria that sends and receives money without restrictions is to register as a Nigerian with a foreign company address.

Use a PayPal account from a country with full access instead of Nigeria since it has restrictions.

Types of PayPal Accounts

PayPal accounts come in two flavours: business and personal Accounts.

Depending on how you want to use the account, you may choose to create any of the accounts mentioned above.

If you don’t comprehend this before creating an account, PayPal may take action against you.

Individual Account

The Personal Account is your best option if you’re an individual looking to register a PayPal account only for personal usage, such as sending money or making online purchases.

The personal account is for you if you also enjoy playing games, making purchases on websites that take PayPal, buying books from Amazon, paying your water and internet bills, and carrying out other private activities.

Creating a personal account is simple because it only takes a few pieces of information.

A personal PayPal account limits how much you can spend and how much you can receive from it.

Only two papers may be requested of you during verification (later, when you are already using your account): a government-issued ID (ideally your Nigerian passport or driver’s license) and your proof of address (NEPA Bill or Bank Statement).

Business Account

This account is for companies who wish to integrate PayPal into their websites or use another method to accept online payments from consumers, and also freelancer who want to receive money from freelance sites like Upwork.

If you create a Business Account on PayPal, you have the options to share access with your staff, some access such as your accountant.

How to create a paypal account that receives money in Nigeria (Video)

How to Open a Nigerian Verified PayPal Account?

Step 1. Open the Paypal website

Use the link http://paypal.com/ls to visit the PalPal website, and I recommend you to use your Laptop or Ipad to fill in the information correctly and conveniently. If you click the link, your screen should have the most options, such as the Business Account, partners and developers.

Step 2. Choose a Business Account

You have two options when signing up for PayPal. You can choose from 2 accounts: A personal Account or a business account. Select a business account.

• Add your email address
• Create a password
• Add your Name and legal last Name
• Add your business name: you can use your Name and surname as the business name 
• Add your phone number
• Add your Business Address
• Use US Dollar as our Primary currency
• Agree to PayPal terms and policy
• Select your Business Type
• Add your product or service keywords
• Then add your website Url (optional)
• Verify your account
• choose the method you wish to be verified
• Enter Your Personal Information

How to Verify Your PayPal Account

Following account creation, you must complete the procedures below to validate your account before you may start purchasing and selling PayPal money.

You must verify your email address. You will receive a mail from PayPal requesting you to confirm your provided email address. To verify the email address, click “Yes, this is my email.”

By selecting the link to a bank option on your Account Summary page, you may link your bank account with PayPal to send money to PayPal from your bank account or receive money transfers to your account. If your local bank account is on the list, you may enter your login credentials for online banking to instantly link your account; otherwise, enter your account number and routing number beneath the “checks” option.

Getting paid in Nigeria through PayPal

Getting paid through PayPal is easy, whether you’re wondering how to accept money on PayPal from a partner, how to receive PayPal payments from clients, or even how to create an invoice on PayPal. Remember that different payment methods come with varying costs for merchants. So be sure to know which option is ideal for your needs.

Click “Request” from the PayPal app or your online PayPal account.

From here, you have the following choices:

• Add the receiver’s email address or mobile number connected to their account here.
• To share, create a PayPal.Me Link.
• Split a bill.
• Submit an invoice
• Your friend can also input your email or phone number to start a PayPal payment to send you money.
• You’ll get an email on the PayPal app when someone pays you. The funds are automatically added to your PayPal balance.
• You can transfer the funds to your bank account or keep them in your PayPal account for your next transactions.

How to Withdraw Money in Nigeria from PayPal

Once your cards are connected to PayPal, follow these instructions to make a withdrawal to your Nigerian bank account:

• Visit paypal.com/ls to see the PayPal Dashboard after logging in.
• Go to the Dashboard and select “Withdraw Funds.”
• Select your PayPal Balance under “From” on the following screen.
• Next, click “To” and select the connected card you want to use.
• After that, enter the amount and press “Continue.”
• A transaction review will appear on your screen on the next page. Click “Transfer” to finalize this transaction, and the funds will be paid immediately to your CARD.

Funding Options for PayPal in Nigeria

The best and safest methods for funding your PayPal account in Nigeria are listed below:

• Asking your friends who also have PayPal accounts to transfer money to you is one of the simplest ways to always have cash in your account.
• You must provide them with the email address you used to set up your PayPal to get the payments.
• If this is your first transaction, try to ask the sender or your friend to choose “No Address” when sending you money via PayPal since if the money is sent to your account with an address linked, PayPal will hold it for seven (7) working days or longer.

Nigeria banks that work perfectly with PayPal include:

• First Bank
• Zenith Bank
• Access Bank
• UBA

Suppose I don’t reside in Nigeria. Can I use a personal account to send and receive money?

Other than Nigeria, you might still be unable to send and receive money using your account if you reside in a restricted country like Ghana. 

Why is PayPal not accepting my card?

The following scenarios are possible if PayPal rejects your credit/debit card with the notice “The card you entered cannot be used for this payment”: Even if you have not yet confirmed it, you have linked the card to a PayPal account. With the PayPal system, your credit card limit has been surpassed. And your bank can also block PayPal from accepting your card if you don’t have an online banking account activated or a domiciliary account.

PayPal’s technology is alerting them that your email address is suspicious.

What Advantages Does PayPal Offer in Nigeria?

Some Nigerians have accused PayPal of being unfair because Nigerian PayPal accounts are subject to strict limitations. Despite these limitations, Nigerian PayPal users can still take advantage of several features exclusive to Canadian and American PayPal accounts. Here are several benefits of Nigerian PayPal, which also apply to PayPal in other countries:

• Account creation is free; there are no fees associated with opening a PayPal account in Nigeria. However, adding a debit or credit card to your PayPal account will cost you relatively little money.
• The ability to link numerous cards to your account is another perk, and it means that PayPal enables you to attach as many debit or credit cards as are practical to your PayPal account.
• No limits on sending money abroad – Despite various restrictions on Nigerian PayPal accounts, PayPal users in Nigeria are permitted to send money abroad for products and services that have been ordered, received, or sent to Nigeria.

Frequently Ask Questions (FAQ)

A lot of people have questions Here are some PayPal-related questions that people regularly ask:

• Can I receive money with PayPal in Nigeria 2022? Yes, you can receive money directly from your local bank account with PayPal Nigeria. We have shared the steps in this article.
• How to use PayPal in Nigeria?
• Paypal – Is it illegal in Nigeria? No, it’s legal Nigeria can use the PayPal service.
• Can you use PayPal to receive money from Nigeria bank? Sure, it is possible, as mentioned earlier, only if you have a business account.
• How can my PayPal account become active in Nigeria? Please verify your email address and add a legitimate Visa or Mastercard to your account to make it functional.

Nigerians and other African merchants can now accept PayPal via the Flutterwave partnership.

Only 12 African nations were previously permitted to send and receive money using PayPal. Others have had to figure out methods to get around this via different routes, which may be difficult or significantly more expensive.

Before this agreement, the only countries that could send and receive money were Algeria, Botswana, Egypt, Kenya, Lesotho, Malawi, Mauritius, Morocco, Mozambique, Senegal, Seychelles and South Africa.

Other nations, including Nigeria, had either total restrictions, like Libya and Liberia, or they could only transmit but not receive.

Despite the limitation, barely a year after its inception in Nigeria, PayPal claimed that Nigeria had overtaken South Africa as its second-largest market, which had no restrictions.