How to Create Paypal Account in Nigeria That Receive Money
If you have business online and want to know How to Create Paypal Account in Nigeria That Receive Money, the best answer is here.
Obviously, a lot has been said about starting an online business in Nigeria.
In fact, you will see a collection of 101 companies you can do to make money online on this site.
But when it comes to Receiving money online, most Nigerians get stuck.
It’s disappointing after you sell a service to someone online, only to get paid and realize you can’t.
There are third-party services you can use to receive money online, but none of them exist without some limitations, which hurts most small businesses in Nigeria.
Even PayPal, which is the world’s leading financial technology company, does not make all of its services available to Nigerians.
According to Statista, PayPal served more than 377 million users with a total transaction amount of about $936 billion in 2020.
This achievement has been unbalanced because most Nigerian businesses and individuals are still unable to receive money via PayPal in Nigeria.
FlutterWave started a business collaboration with PayPal after seeing this issue and allowed merchants in Nigeria and Africa as a whole to do business online and receive payments from around the world via PayPal.
As it stands now, receiving money with PayPal in Nigeria is no longer a problem if you know what to do.
There are three ways on how to receive payment with PayPal in Nigeria, each of which would be discussed in this guide.
But before that, let’s quickly review these critical PayPal issues to make this guide easy to understand.
What is PayPal and How does PayPal work in Nigeria?
- What are the paypal limitations in nigeria?
- Why do you need a PayPal business account in Nigeria?
- What are PayPal requirements in Nigeria?
- How to receive money with PayPal in Nigeria?
- How to send and receive money with PayPal in Nigeria?
- How to Create Paypal Account in Nigeria That Receive Money
You can see that all these questions point to the subject of this thread.
If you want to know how to open an account to receive money with PayPal in Nigeria please pay attention to the following.
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What is PayPal and How does PayPal work in Nigeria?
PayPal is an online payment platform used in over 200 countries, primarily where online money transfers are supported as an alternative to traditional checks and money orders.
The service is provided by an American company called PayPal Holding Inc, based in San Jose, California, United States.
When dealing with international customers, you need PayPal as your payment gateway.
A payment gateway can help you process online payments and receive money into your local bank account.
Once you’ve created an online presence for your business, nothing comes next except payment integration.
With PayPal, your customers can make a purchase on your e-commerce site and complete the purchase with one click.
Or, in the absence of an e-commerce site, you can still receive payments through PayPal if you and your customers have a PayPal business account.
All that is required to receive these payments is the email address you created your PayPal business account with.
The customer will log into their account and use their email address to send payment to you.
When setting up your PayPal business account, you must link your electronic card – Mastercard, Visa, Verve or any other.
Once payment is made, your account will be credited and PayPal will alert you via your email address.
You can withdraw money by visiting your bank or using the ATM card that will be linked to your PayPal account.
PayPal works simply, making all forms of transactions possible without sharing financial information with anyone.
For this reason, most people prefer the PayPal payment option because the system is secure.
If your customers don’t feel safe making a transaction on your website with their ATM cards, having the PayPal payment option will do a great job of closing more sales.
By doing this, PayPal can protect users’ private data from the risks of cyber attacks.
The system is designed to remove the payment barriers that online merchants or freelancers have when dealing with foreign customers.
Meanwhile, PayPal is believed to be the biggest, most flexible, reliable and cheapest global payment gateway, among others.
It officially came to Nigeria in July 2014 and was recently listed among the 47 approved international money transfer operators in the country.
The Central Bank of Nigeria (CBN), in a tweet in March 2021, released a list of approved online money transfer operators in Nigeria and PayPal joined the list.
This has not removed paypal limitations in nigeria PayPal account as most users are still unable to receive payments with their local accounts.
Paypal Limitations in Nigeria
When you open a normal Nigeria PayPal account, be it a business or personal account, all you can do is send but you cannot receive money from it.
In their attempt to use a Nigerian PayPal account to receive money, the sender will receive an error message stating that the sender must visit their website and make payment via the checkout page.
So while Nigerians are getting full access to PayPal’s services, it’s difficult for most small businesses to recoup their return on investment (ROI) in the country, especially those that don’t have an e-commerce site.
The fact is, PayPal works based on where you go.
So the way it works in Nigeria is quite different from the way it works in the United States or anywhere else in the world.
And the best reason for this is the government policy that regulates online money transfer operators in different countries. Over a period of time, Nigerian users have found a solution to this problem.
And after discovering the secret, I had to suspend my previous PayPal account and create another one with all the resources to send and receive money in Nigeria.
With the type of PayPal account I’m about to show you how to open, you can also generate and send invoices to your customers online.
Most people who know this technique won’t be happy that I’m leaving the cat out of the basket. I had to share the knowledge because payment is one of the common problems for online businesses that need urgent attention in Nigeria.
That is why this content is extensively researched on How to Create Paypal Account in Nigeria That Receive Money.
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Why do I need a PayPal Account in Nigeria
Many people in Nigeria and abroad prefer PayPal over any other payment platform because it has many benefits that other people don’t have.
The benefits are many, but some of them will be discussed.
So if you know how to open a PayPal account in Nigeria, you can enjoy the following Benefits of PayPal account that come with your PayPal account.
Customer Trust
If you run an e-commerce or any platform that requires users to pay for a product or service online, many risks are involved.
For this reason, customers’ number one concern is to avoid sharing their card details online and to prevent their data from being stolen or compromised by hackers.
Taking care of customer concerns will earn you their trust and earn more sales.
With the PayPal payment method, you can eliminate the need for your customers to use card details or private data and reduce the risk involved.
Online Payments
Another benefit of using PayPal in Nigeria is that it allows you to easily pay for items purchased online. When needed, PayPal is a reliable and very secure payment platform to pay for things you buy.
You can credit your wallet or allow PayPal to deduct directly from your card whenever you initiate a payment through a merchant’s website.
This will help you reduce the risk of using your credit or debit card on every website you visit.
Easy to Use Services
PayPal supports almost all types of ATM cards, whether they are credit or debit cards, including Mastercard, Visa card, Verve card and so on.
You can even add and verify more than one card to your PayPal account without any hassle.
The service is available to both mobile and desktop users. That is, you can use any internet-enabled device to access the platform and complete your transaction.
This gives the platform a lot of flexibility and a great user experience.
Reversible Payment
Another benefit of opening a PayPal account is that you can reverse payments when there is a dispute between sellers and buyers.
You may need to request a refund if you didn’t receive what you paid for through the PayPal platform. This feature works after PayPal intervenes and justifies the reversal.
If circumstances really warrant your money back, PayPal will reverse the payment from the seller’s account and you’ll get your money back.
Payment Integration
You can integrate PayPal with your website to raise funds for a course or generate payments for a product or service.
This will require an e-commerce website.
With PayPal, you can receive money sent to you by another PayPal user into your local bank account, without leaving your home.
Requirements to Open A Paypal Account
There are few requirements to open a PayPal account in Nigeria, be it personal or business. They’re free to open.
The only thing required to set up a PayPal account is just your personal information, which guarantees that you are the real and legitimate owner of the account.
Therefore, you should have the following information in hand before setting up and verifying your PayPal account in Nigeria.
- Means of Identification: PayPal requires that you have a valid means of identification, preferably any government-issued ID card, such as a national ID card, driver’s license or international passport.
- Full Name: It should be noted that you cannot use a false name to set up a PayPal account. Your name must be as it appears on your identification card.
- Valid Email Address: PayPal works with users’ email addresses to send or receive money. Therefore, you need a valid email address to be on the platform.
- Phone number: When opening a PayPal account, you need to add your phone number. You will need this to verify your account.
- Contact address: PayPal wants to know where you are. So you have to make that available. It can be your business or home address.
- Valid ATM card: PayPal will use your ATM card to link your account to your bank account. Therefore, card information is required to withdraw or deposit money into your bank account.
Once you have all the necessary information ready, you will be eligible to create your PayPal business account and start receiving money from anywhere in the world while in Nigeria.
You can use your smartphone or computer to open the PayPal website and start registering.
All information you share with PayPal remains on PayPal, is safe and secure.
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How to Open Paypal Account That Receive Money in Nigeria
If you want to create a PayPal account that receives money in Nigeria, you have three good options.
One is to use a third-party payment platform called FlutterWave, the other is to integrate PayPal into your website, and the last is to pay directly through your PayPal account.
Using PayPal With FlutterWave
The collaboration between FlutterWave and PayPal enables you to use PayPal to receive money in Nigeria.
This method does not require you, as a merchant, to have a PayPal account. But at the very least, your customers must be PayPal users to make this work for you.
All you need to do to unlock this opportunity and start receiving payments from PayPal users anywhere in the world is to open a FlutterWave merchant account.
PayPal has a very large user base as a leading global payment platform. So, without a doubt, your customer is one of the 377 million more PayPal users.
The implication is that your customers will have to have a FlutterWave account and use the PayPal payment option on the platform to send you money.
FlutterWave will help you take payment from your customers’ PayPal account and send it through your FlutterWave account.
To use FlutterWave to receive money from PayPal, perform the following steps:
Once your account is ready, go to your FlutterWave account dashboard to enable your preferred payment method.
- Visit the FlutterWave website.
- Create a business account (follow the instructions to complete your registration).
- Once you’ve set up your FlutterWave account, PayPal will start showing up on your payment page.
- Select PayPal from the list of options available on the platform.
After your account has been set-up on FlutterWave, PayPal will start displaying on your checkout page.
This will allow your customers to use the payment option.
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So when a payment is made to your account, FlutterWave will help you receive payment from your customers’ PayPal account and send it to you through your FlutterWave account.
Integrating PayPal Into Your Website
Another way to use PayPal to receive funds in Nigeria is to have an e-commerce website and integrate PayPal into your payment page.
This makes it easy for your customers to pay you directly from your website cart with PayPal.
This means that in order for you to receive payments using this approach, the sender must have purchased something, product or service through your website.
And second, if you don’t have a PayPal account that can receive money, this approach might not work.
To find a solution to this problem, the third solution is recommended. A lot about this will be discussed in the next section.
What’s important here is to look at the requirements for creating an e-commerce site and integrating the PayPal payment option into it.
- Design a product or service you want to sell.
- Find a name for your website (it could be the brand or the product name).
- Choose any of these hosting providers to register your domain name and host your website.
- Install an ecommerce platform on your website.
- Integrate PayPal into your website.
Direct PayPal Account
It is obvious that not all PayPal accounts can receive money in Nigeria.
If you are looking for the best way to receive funds via PayPal here in Nigeria, there are steps you need to take to overcome the limitations imposed on Nigerian users.
This is different from the normal account you open when visiting the PayPal website.
And it doesn’t involve using a VPN and falsely claiming to be in another country while in Nigeria.
With the following steps, you can set up a PayPal account to receive money in Nigeria.
Select A Foreign Paypal Platform
To create a PayPal account in Nigeria, you need to choose a foreign PayPal platform.
For the purposes of this guide, the three countries I recommend are:
- South African PayPal
- Lesotho PayPal
- Iceland PayPal
Using any of PayPal’s three foreign platforms has been tested and confirmed to open a PayPal business account in Nigeria.
Therefore, the following links will take you to whichever platform you prefer to use to open your Nigeria PayPal account.
country website
South Africa PayPal Visit the South Africa PayPal website to create a Nigeria PayPal account
Lesotho PayPal Visit the Lesotho PayPal website to set up a Nigeria PayPal account
Iceland PayPal Visit the Iceland PayPal website to open a Nigeria PayPal account
Assuming you prefer Iceland PayPal, click the Iceland PayPal link to launch the platform.
Once the page has finished loading, go to the website menu at the top right corner of the page and click “Sign Up” to set up your account.
Select Account Type
PayPal offers two different account types – personal account and business account.
Since the scope of this guide is all about setting up a PayPal business account, the account type to be selected is Business Account.
Creating a PayPal business account will give you more business opportunities, most importantly, the chance to receive payments directly from another PayPal user through the same platform.
Select your account types and click the “Continue” button to proceed.
Enter Your Valid Email Address
Enter a valid email address that you would like to use to sign up for your PayPal business account.
Make sure you have access to the email address, as PayPal will send you important information through it.
On the next page, create a strong and unique password for your account and remember not to lose your password or share it with the public.
When finished using the password, click the Continue button to proceed to the next page.
Describe Your Business
It is important to describe your business with appropriate and relevant keywords, specifying the type of product or service you are offering.
If you have a website, try adding it.
Your credit card (CC) claim name can be your first name and is required.
PayPal doesn’t want you to add your business information for nothing. They want to become familiar with your business.
Therefore, you must be constructive and provide relevant information as needed so that PayPal can include all necessary features in your account.
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Provide Your Personal Information
Another important step in opening a PayPal business account is identifying yourself.
What you must do here is customize your account.
Add your birth date and Nigeria as your nationality. It doesn’t matter if you are using a foreign PayPal platform.
You must select Nigeria and add other genuine information about you, including your valid business address and telephone number.
If your business does not have an address yet, you can use your home address and valid zip code for your area.
When finished, click the Submit button.
On the next page, PayPal will welcome you to its platform and show you a brief summary of all the features in your account.
This is an indication that you have successfully set up your PayPal business account.
Confirming Your Email Address
Before you can start sending or receiving money to your account, you must confirm your email address.
Your email address is what you will use for any transactions you make through PayPal. So you have to confirm first.
Scroll through the site menu at the top left of the page and click Summary.
You will see your PayPal account balance and some other information.
Click on See Details.
On the next page you will see all of your data, scroll through it and verify that all information is correct.
Then click Submit.
Go to your email inbox and look for the PayPal confirmation email.
Open the email and click the “Confirm your email” button.
You will be redirected to your PayPal login page.
Your email address will be displayed by default. Simply enter your valid password and click “Confirm email address” to access your account.
Link and Confirm Credit/Debit Card
Linking your card to your PayPal account is the last step to setting up your PayPal account.
You have to do this right away to get your account scoop.
Go to the website menu as seen in the image above and click on Summary.
On the page, look for “Link and confirm credit or debit card” and follow the prompt instructions.
At this point, there is no doubt you just How to Create Paypal Account in Nigeria That Receive Money.
Conclusively
Without leaving the corners of your home, you can acquire clients from anywhere in the world.
Sounds good huh!
But when it comes to receiving payments from foreign customers, the story is different.
You may not be able to receive money via PayPal in Nigeria unless you know your way around the limitations PayPal imposes on Nigerian users.
If you want to take advantage of this opportunity, you need to know how to set up a PayPal account to receive money in Nigeria.
Everything you need to know has been discussed extensively in this guide.
How to Create Paypal Account in Nigeria That Receive Money