This report describes how to open a PayPal account in Nigeria and it can be one of the payment gateways in Nigeria
PayPal is the world’s number one online Currency transfer platform and is used by hundreds of millions of people worldwide to send and receive money.
Additionally, PayPal does not share your entire financial information with sellers. And PayPal Buyer Protection insures your eligible purchases if they do not appear or match their description.
For years, PayPal had basically shut Nigeria out because of our notoriety to get internet-related fraud. As fraud detection techniques enhanced as well as Nigeria’s notion as the largest market in Africa, PayPal has now lifted restrictions on Nigeria. Owning a PayPal account in Nigeria is quite simple and you can do this in two ways.
Requirements for Opening a PayPal Account
- Firstly, you’ll need a valid email address
- Second, you would also need a Visa or MasterCard linked to a Nigerian bank account. This might be a debit or credit card. This is necessary for verifying your PayPal account in Nigeria. The support would debit a very small amount from the card and as soon as you validate the transaction, the accounts would be fully Verified.
- Lastly, please be aware that as of January 2021, Interswitch’s Verve card does not utilize the service. The first thing you do is to visit www.paypal.com/ng
How To Open A Paypal Account
- Go to www.paypal.com/ng Then click on signup
- Fill in your email address (doesn’t have to be either Gmail or Yahoo). Afterward, type in your password and make certain it is one you can remember
- Proceed to another page and type additional details such as names, date of birth, address, and phone number.
- Additionally, when filling in your address be certain it matches the same address details you filled in when you started a bank account
- It takes you to a page in which you fill in your own debit card information
- Punch in your card nos, expiry date, and the last 3 digits behind your debit card.
- Then go to your email account and click verify your PayPal account in Nigeria.
- Voila!! Your account will be setup
Activating Your Paypal Account
- Finally, test it by sending $10 to anybody or into your PayPal account overseas (if you have one)
- You receive debited in Naira and you need to get an alert from your local bank
Using a Wallet
First Bank provides this option through their exclusive deal with PayPal.
How does this work?
- Primarily, log in to your internet banking account using your password and token
- Then choose the”PayPal wallet” in the primary tab and then click on”Create PayPal Wallet” on the drop-down menu
- Later, pick which cards you would like to link to your PayPal account in Nigeria and which card is going to be the default option card. Consider using one card for simple reconciliation
- Press the button in your internet token and confirm accordingly
- Create a password at the pop-up window that seems
- Click “Agree and make an account”.
- Last, visit your registered email account with the bank that affirms that you’ve established a PayPal account
It is crucial to note that at the moment, you cannot receive payment from a Nigerian PayPal account, but there’s a fast method I will demonstrate
How to Recieve PayPal payment from Nigeria
Firstly, Visit the maximum attainable state PayPal you want yours to be domiciled.
For South Africa, it is www.PayPal.co.za,
For the US, it is www.paypal.com/us,
For Nigeria, it’s www.paypal.com/ng,
and more… based upon your choice.
Secondly, Sign up for the business option, and fill in your enterprise and personal details. For your company information, please choose the INDIVIDUAL BUSINESS. Then you’ll be asked to put in your legal ID like NIN number or Passport number.
You ought to use your personal details as they appear in your financial institution. Fill in your personal details, confirm and move to the next page.
If you don’t know anybody in the nation you need your account domiciled, you need to go to yellow pages of the nation to get pseudo credentials, as you use it alongside your real credentials in the personal details area.
Thirdly, Confirm your email and raise your PayPal account in Nigeria limit with a credit card.
You’re able to get a working card in Sterling bank or the Wema from Alat card, which they operate very well to date. Use it to verify your PayPal and raise the limitation
Eventually, Test your accounts by sending any funds to activate the accounts. You can get PayPal funds from freelancers and your accounts is set.
Please see other alternatives in the event that you will love to international receive payments
You want to understand these alternative online payment solutions which would allow you to receive your money in Nigeria:
Have you got any questions on how to open a PayPal account in Nigeria? Please Drop A comment below.