Is PayPal Available In Nigeria? The Ultimate Guide 2023

is paypal available in nigeria
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Do you want to know if PayPal is available in Nigeria? If that’s the case, you’re not alone! Many individuals are interested in learning more about this subject.

In this article, I’ll go over everything you need to know about PayPal in Nigeria, including its perks, transaction restrictions, and what you can do if you want to use PayPal in Nigeria.

What is Paypal?

PayPal is a prominent online payment service that allows customers to electronically send and receive money. Millions of people all around the world use it to pay for goods and services.

PayPal is safe, quick, and simple to use. It also provides consumers with a number of features and perks, such as buyer protection and fraud prevention. PayPal is a safe and secure way to make online payments.

Is PayPal available in Nigeria?

PayPal is available in Nigeria, but there are some restrictions. It can be used to send money but not to receive money using a personal account, hence, a business account is required to receive money. Furthermore, there are some limitations on the types of payments that can be made.

How to Sign Up for PayPal

You’ll need to submit some personal information, such as your name, address, and email address, to sign up for a PayPal account. You must also establish a password and accept PayPal’s terms and conditions.

#1. Register on the website

Navigate to the PayPal website and select the “Sign Up” option. This will take you to the sign-up page, where you can begin the process of creating your account.

#2. Select an account

You’ll be asked to select the type of account you wish to create on the sign-up page. There are two sorts of accounts available: personal and business.

A personal PayPal account is for people who want to use PayPal for personal purposes, such as sending money to friends and family. A business PayPal account is for companies or people who want to use PayPal for commercial transactions, such as online sales of goods or services.

#3. Provide Details

Following your selection of the account type, you will be prompted to enter some personal information, such as your name, address, and email address. PayPal needs this information to verify your identity and safeguard your account from fraud.

#4. Make a password.

You must establish a password for your account after entering your personal information. Your password must be unique and safe, and it must be kept private. PayPal will ask you to confirm your password before proceeding to the next stage.

#5. Verify your email address

You’ll be asked to confirm your email address after you’ve established your password. PayPal will send you a confirmation email to the address you supplied. To confirm your email address, click on the link in the email. You’ll be moved to the next step once you’ve confirmed your email address.

#6. The payment procedure

You’ll be asked to add a payment method to your account after you’ve validated your email address. This is the means by which your transactions will be funded, such as a bank account or credit card. You must enter the details of your payment method and confirm that it is yours.

Bank accounts can be used to transfer funds from your bank account to your PayPal account or to receive funds from PayPal. PayPal transactions can be funded or withdrawn using credit or debit cards.

#7. Finished and ready to use

Finally, examine and approve PayPal’s user agreement and privacy policy. This is significant since it describes the terms and conditions of using PayPal, as well as how your information will be used and safeguarded. You must accept these terms before you can create an account.

How to Send Money With PayPal

Sending money with PayPal is a simple operation that can be accomplished in a variety of ways. The method you use to send money will be determined by your needs and preferences.

PayPal allows you to send money in three ways:

#1. Using Paypal Balance

It is simple and straightforward to send money using your PayPal balance. All you need is enough money in your PayPal account to cover the amount you wish to send. When you send money this way, the recipient receives it immediately. You can also send money as a gift, in which case the recipient will not be charged any costs.

#2. Linked Bank Account

When you use a linked bank account to send money, the funds are sent immediately from your bank account to the recipient’s PayPal account. Typically, this process takes 1–3 business days. It’s also worth remembering that before you can send money through PayPal, you must first authenticate your bank account. Because PayPal users from other parts of the world can only link their cards, the system will not link your bank account if it is not a US account.

#3. Linked Credit or Debit Card

When you use a linked credit or debit card to send money, the funds are sent promptly from your card to the recipient’s PayPal account. Before you send money this way, you must first validate your credit card with PayPal. Remember that your credit card company may charge you a fee for this type of purchase.

How to Get Money From PayPal

To receive funds with PayPal, you must first create a business account. This is due to the fact that only business accounts can accept funds from PayPal. After you’ve created your business account, you’ll need to validate it and link it to a bank account or credit card. You will be able to receive money from other PayPal users once your account has been validated and linked.

You must withdraw funds once they have been accepted into your PayPal account. Also, you must link a bank account or request a check to withdraw money from PayPal. Withdrawing money from PayPal can take a few days, so plan ahead if you need the money right away. Remember that there may be fees involved with withdrawing money from PayPal, so check the fees before withdrawing any money. Is that everything you wanted me to say in the second paragraph?

The Advantages of Using PayPal

PayPal is a well-known online payment provider that has numerous advantages over traditional payment methods. It is quick, simple to use, and offers a range of features that make it appealing to users.

#1. PayPal is a convenient payment method.

It allows you to send money to anyone with an email address or cell phone number, and they do not need to have a PayPal account to receive it.

#2. PayPal is secure and safe.

To protect your financial information, the company employs superior encryption technology, and all transactions are monitored for fraud. PayPal also provides buyer and seller protection, ensuring that your transactions are safe.

#3. PayPal is quick

Transfers are normally done in minutes, so you won’t have to wait long for your money. The fourth advantage is that PayPal is inexpensive. Sending money to friends and family is free, and other sorts of transactions have negligible costs.

#4. PayPal is adaptable

You can use it to pay from your computer, mobile device, or even in person at some stores. You can also select from a number of payment methods, such as bank accounts, credit and debit cards, and PayPal’s own credit product.

#5. PayPal is Simple to Use

The design is simple and easy to use, allowing you to get started with PayPal quickly and effortlessly. Furthermore, the organization provides customer service 24 hours a day, seven days a week. The seventh advantage is that PayPal is dependable. The organization has a long history of offering dependable payment services, and it has a high customer satisfaction rating.

#6. PayPal is widely accepted

It is accepted by millions of merchants worldwide, including many of the world’s most popular online stores. So you can use PayPal for everything from clothing to electronics to trips.

#7. PayPal is Affordable

Sending money to friends and relatives is free, and the costs for other types of transactions are fairly affordable. A domestic transaction, for example, costs only 2.9% plus $0.30 USD per transaction. In addition, the cost for international transactions is 4.4% plus a predetermined fee based on the currency of the transaction.

#8. PayPal is reliable

For over 20 years, the organization has been offering payment services and has a proven track record of dependability. PayPal, for example, processed almost 4 billion payments in 2015 with a 99.9% success rate. As a result, you can be confident that your transactions will be completed quickly and smoothly.

Fees and Charges Associated with Paypal

When using PayPal, you may be charged one of two types of fees:

#1. Transaction fees

This is charged when you use PayPal to transfer or receive money. These costs vary according to the type of transaction and the currency used. These fees are affected by a number of factors, including the country to which you are sending money, the country from which you are sending money, and the currency involved.

#2. Currency conversion

When you send or receive money in a currency other than your primary currency, you will be charged this fee. These costs are calculated using current market currency rates.

To begin, it is critical to understand that when you convert currencies, PayPal does not determine the exchange rate. The market rates at the time of the transaction determine the exchange rate. There is also a 2.5% currency conversion fee on all currency conversion transactions.

Security and Fraud Protection Associated with Paypal

PayPal is concerned about security and fraud prevention. Two-factor authentication and an advanced fraud protection system are among the safeguards in place to protect your account and information. And if you ever have an issue, customer service is available 24 hours a day, seven days a week.

The PayPal system has numerous levels of protection, such as encryption, fraud detection algorithms, and industry-standard firewalls. PayPal also has a specialized team of security professionals who work around the clock to detect suspicious activity and protect your information. And, if a security issue arises, PayPal will work with you to remedy it as soon as feasible.

PayPal Customer Service

If you have a problem, you can receive help from a variety of sources, including the Help Center, which offers answers to frequently asked questions as well as contact information for customer service. Customer care can also be reached by phone, email, or live chat. The PayPal website includes customer support contact information.

One thing you should know is that PayPal’s customer care team is open 24/7, so you may receive assistance at any moment. They’re also available in a variety of languages, so you can get assistance in your own language.

You can call them, write them an email, or talk to them live. The phone number can be found on the PayPal website. The email address and live chat option are also available on the Help Center website.

Are There Any Transaction Limits on Paypal?

The limits on receiving money via PayPal in Nigeria differ from those in the United States. The receiving limit for PayPal personal accounts in Nigeria is $500 per transaction and $2,500 per month.

The receiving limit for PayPal business accounts in Nigeria is $1,000 per transaction and $5,000 per month. These restrictions are subject to change, so be sure to check the PayPal website for the most up-to-date information.

Does PayPal Work in Nigeria Now?

PayPal, which began as Confinity in 1998, is the world’s leading payment system and is now available to Nigerians. It is offered in 23 currencies in over 200 countries and territories worldwide.

Which Naira Card Works on PayPal?

PayPal accepts only Visa and Mastercard. They are available at any Nigerian bank. No Verve cards are accepted. You should also have at least $2 because PayPal will charge your card for verification purposes.

How Do I Convert Dollars to Naira on PayPal?

To exchange money for another currency: Navigate to Wallet. Choose the More icon next to the currency you wish to convert and then click Convert currency. Choose a currency and input the amount to be converted.

The name on the bank account and the name on the PayPal account must match. A bank account cannot be linked to more than one PayPal account at the same time. Remove the bank account from the PayPal account to which it is currently linked. The bank account has already been linked to three PayPal accounts.

What Bank Does PayPal Use?

Although PayPal is not a bank, it works with financial institutions such as Bancorp Bank and Synchrony Bank to offer debit cards, prepaid cards, credit cards, and lines of credit. PayPal allows you to securely shop online by linking an external bank account, credit card, or debit card.


PayPal has arrived in Nigeria! This opens up a world of opportunities for the country’s citizens and enterprises. It is now possible to send and receive money from all over the world without relying on traditional financial institutions. This is a significant victory for the Nigerian economy, and it is hoped that it will lead to even more growth and prosperity in the future.


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