How to Receive PayPal payment from Nigeria
PayPal is one of the world’s most secure and flexible payment methods for individuals who prefer online transactions to handling physical cash. With a PayPal account, you can easily send or receive funds from different people in any corner of the world by a click of a button. Due to its reliability, many freelancers and other online workers are switching to transact via this platform. Do you know how to receive money through PayPal in Nigeria?
How to Receive PayPal payment from Nigeria
Why i was reading my mail this morning, i came across questions from our users wanting to know if they can receive money through PayPal in Nigeria? or if PayPal works in Nigeria, the answer is Yes, the service is in operational in Nigeria. However, you cannot receive money using PayPal in the country. You can only send money, fund your account, shop online, and perform other tasks that do not involve receiving funds.
NOTE: If you don’t have a PayPal account yet, you can read up how to create a PayPal account in Nigeria Here. If you have already just don’t waste your time continue with this page.
Fees For Transacting Via PayPal In Nigeria.
Though you can’t receive money via PayPal in Nigeria, You can send money to any part of the world. You will be charged if you use your credit or debit card to perform the transaction. It is free to send money from your PayPal account to any part of the world. The recipient will pay for conversion fees necessary to convert the received funds from foreign currency to their local currency.
Once you send money on the platform, the transfer is reviewed manually. This can take anywhere between 3 to 5 business days before the amount is credited to your receiver’s account.
If you need to send the money urgently, you can opt for the instant transfer, which takes 30 minutes to be completed. However, you will pay a 1% fee of the amount being transferred, with the maximum charge being $10.
NOTE: you can only receive a maximum of $5,000 from one of your friends or family in a week and $15,000 in a month.
How to Receive PayPal payment from Nigeria
How to withdraw funds On PayPal
You can cash out any amount on your account. Follow the procedure below to withdraw the money in Nigeria:
- Log into your PayPal: Use your password and email address
- Go to the withdrawal tab: Specify the amount you want to Withdraw.
- Select the withdrawal method: Choose the bank or cards which will be credited with the funds.
- Initiate the process: PayPal will transfer the amount to your account.