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How does paypal work in Nigeria



How does PayPal work in Nigeria

One of the big questions asked by Nigerian merchant is how does PayPal work in Nigeria, owing to the fact that paypal has become the leading trend in the market.

While most people believe PayPal doesn’t work for Nigerians there is actually a way, as PayPal has partnered with one of the most proficient bank in Nigeria. Read on to know how PayPal works in Nigeria.

So, how does PayPal work in Nigeria?

PayPal is the world’s leading online money transfer platform and is used by hundreds of millions of people around the world to send and receive money.

For years, PayPal excluded Nigeria because of our internet-related fraud scandal.

As fraud detection techniques improve along with the concept of Nigeria as Africa’s largest economy, PayPal has now lifted restrictions on Nigeria.

Owning a PayPal account is quite simple and you can do it in two ways.

Using PayPal Website

The first thing to do is visit
Click register… choose personal or professional
Personal would be for your debit card, while business would be for your corporate debit card (if you have one).

I recommend clicking personally if this is your first time.

After selecting personal, click continue… you will see “Nigeria” in the drop-down box, your email address and password.

Fill in your email address (it doesn’t have to be Gmail or Yahoo. It can be @yourcompanyname)
Enter your password and make sure it’s the one you’ll remember
Go to the next page and enter other details such as name, date of birth, address and phone number.

Also, when filling in your address, make sure it matches the same address details you entered when you opened the bank account.
It takes you to a page where you fill in your debit card details
Enter your card number, expiration date, and the last three digits on the back of your debit card.

After that, go to your email account and click verify
Therefore !! Your account is already configured
Check by sending $10 to anyone or to your overseas PayPal account (if you have one)
You will be debited in naira and you will get a notification from your local bank.

Using wallet

First Bank offers this option through an exclusive agreement with PayPal.

How does this work?

Just login to your online banking account with password and token.

Select “PayPal Wallet” from the main tab and click “Create PayPal Wallet” from the drop-down menu

Select the cards you want to associate with your PayPal account and which will be the default card.

Try to use a single card for easier adjustment
Press your online token button and confirm accordingly

Generate a password in the pop-up window that appears
Click “accept and create an account”.

Go to your registered email account with the bank which confirms that you have created a PayPal account.

Can I receive money through PayPal in Nigeria?

You cannot receive Money in your personal PayPal account in Nigeria. You can only send money, pay and shop online. But with a PayPal business account, you can receive money from your customers.

Which banks in Nigeria use PayPal?

FirstBank is the only official PayPal partner in Nigeria, but PayPal accepts ATMs from other banking institutions for verification.

Can I use my Gtbank card on PayPal?

Yes, you can access PayPal services via your card.

Can I link my Nigerian bank account to PayPal?

Some time ago Nigerians were unable to open and use PayPal accounts. This was a problem, especially for users running business services. This has finally changed, but with one caveat.

Your PayPal account in Nigeria cannot receive money transfers and can only send money if it is linked to a Nigerian bank card and account. Not all banks provide this link.

How to withdraw money from PayPal in Nigeria?

How to Withdraw from PayPal and Transfer to a Nigerian Bank Account

1. Please use a verified PayPal account.

2. Add and link your credit card to your account.

3. Withdraw funds from PayPal with a $5 fee.

4. Receive in your bank account.

Will PayPal work if I have no money in my account?

No, you don’t need a bank account to sign up with PayPal or receive payments. However, you can connect your PayPal account to your bank account, debit card, or credit card account to send, receive, and send payments.

Does Kuda accept PayPal?

Yes, Kuda also accept payments via PayPal.

How can I verify my PayPal account in Nigeria?

How to verify a Nigerian PayPal account

1. Sign in with the email address you used to register your PayPal account and find the email from PayPal.

2. Open your email and click Activate Account. This will activate your account and allow you to access your PayPal account for the first time.

If someone pays you through PayPal, how will you receive the money?

When someone sends you money, you’ll receive an email or PayPal app notification. The money will be credited to your PayPal account. You can keep the money in your PayPal account to use it for future transactions or transfer it to your bank.

How much does it cost to transfer money from PayPal to my bank account?

You can send money from your PayPal account to your bank for free, but there is a fee for instant transfers. 1% of the transfer amount, up to $10 per transaction. There is also a fee for sending money to friends and family using a debit or credit card.

Check out What if someone declines your cash app payment?

What are the disadvantages of PayPal?

Disadvantages of using PayPal for small businesses includes;

1. High chargeback fees.

2. Higher fees than typical merchant accounts (credit card processing).

3. Account suspension for violating paypal Terms of Service which may freeze your balance for several months.

4. It may take up to 2 business days to receive your money.

5. Contacting customer service can be difficult.

Is PayPal more secure than bank transfers?

ACTION Fraud recommends heeding the following advice to ensure your safety.

How much money can I send with PayPal?

When you verify your account with PayPal, you provide the platform with additional information about your identity.

This eliminates security risks. Once verified, you can send up to $60,000 in a single transaction. Also, there is no limit to the total amount you can send from your account.

How long does it take to receive the money from PayPal?

The answer depends on the sender’s funding source. It only takes a few minutes to transfer money from your PayPal balance or debit/credit card.

For transfers from a linked bank account, it may take 2-3 business days for your bank to clear.

Frequently Asked Questions(FAQ)

Why is PayPal not available in Nigeria?

According to Bawa, despite all the efforts of the EFCC, international e-commerce platforms like Paypal have yet to restore Nigeria to a payment platform due to the nefarious activities of the scammers.

How do I activate my PayPal account in Nigeria?

The first thing to do is visit PayPal official website here
Then click register. Fill in your email address (not Gmail or Yahoo. …
Then enter your password and make sure it’s the one you’ll remember.
Go to the next page and enter other details such as name, date of birth, address and phone number.

How to create a PayPal account to receive money in Nigeria?

How to open a PayPal account in Nigeria

You need a valid email address. This is the first request. …
You also need a Visa or Mastercard card linked to a Nigerian bank account.

It can be a credit or debit card. …
As of December 2018, Interswitch’s Verve card does not work with the service.

Which country uses PayPal the most?

The US is arguably the biggest market for PayPal, especially when it comes to merchants.

As of February 2021, 461,189 websites are using PayPal in the country. …

More than 460,000 websites in the US use PayPal.

United Kingdom – 103,590 sites.

Germany – 77,422 sites. France – 57,855 sites.

Italy – 55,403 sites.


As a merchant looking to receive money from customers through paypal you probably might find your self asking ” how does PayPal works in Nigeria”.

Well we hope this article have been able to answer your question.

Do well to reach out to us if you have any questions regarding this topic. We are at the comment box.

I am a personal finance coach, who finds joy in helping business owners and just anyone to live a successful financial life.

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