This is a guide on how to Open a PayPal Account in Nigeria. PayPal is a financial institution that operates and supports worldwide online money transfers and payments system. The American company has over 227 million users worldwide. PayPal online payment system is very secure which is why they are trusted by many.
PayPal is currently available in Nigeria to let you send money to family or friends. PayPal currently accepts 25 currencies and operates in over 202 countries. You can even use PayPal to shop online on stores where the payment system is acceptable. But before using the payment system, you must first open a PayPal account.
Steps on How to Open a PayPal account in Nigeria
Below are the steps to open a PayPal account in Nigeria
- Visit their official website https://www.paypal.com/ng/home
- Choose between the two account options they have; Individual account or Business account.
- Sign up with a few of your personal details
- Add your debit or credit card to your account. And that’s it, your PayPal account is ready to for you to shop online or send funds.
How to receive money from PayPal in Nigeria
Sadly, this has been a bothering question for many Nigerians to date. And despite a series of complaints to PayPal, it is yet to be resolved. PayPal doesn’t allow Nigerian account on their system to receive funds. As a Nigerian, you’re only allowed to make a payment with PayPal or send funds to someone. Please read the Terms and Conditions of PayPal before opening an account. Your account ‘can be’ blocked when you violate any of their terms, especially trying to receive money through an illegal means.
How to fund my PayPal account in Nigeria
You can fund your PayPal account using a Naira Visa or MasterCard. To do this, simply follow the steps below;
- Log in to your PayPal account
- Go to your account balance at the top left corner.
- Click on ‘Add money’ button underneath it.
- Select your desired method. If it is your first time funding, you’ll be required to provide details of your debit or credit card.
- Enter the amount you want to fund
- Take your time to go through the transaction details.
- Click on submit and your PayPal account will be funded.
NOTE: The name on your debit card must be the same as the name on your PayPal account.
Overall, PayPal is a good online payment system. Business owners in Nigeria who import goods from online foreign stores can use this platform to make payments.
First Bank of Nigeria also helps you create a PayPal account through FirstOnline.
The benefits of creating a PayPal account through them are;
- Receive a full refund from PayPal in disputed purchases i.e. when wrong or damaged items are sent, or when goods do not arrive as expected.
- Instant account activation
- Higher transaction success rates at over 9 million international merchant sites.
- You do not share your financial information with any merchant.
- Receive 100% protection assurance from PayPal.
- You never have to input your card details when consummating payments on PayPal- enabled websites. Shop securely with just your email address and password.
- Get exclusive mind blowing discounts and free shipping to Nigeria in participating merchant sites.
Note: First Bank of Nigeria is a trusted commercial bank in the country. Be careful of using an unknown third party in opening your PayPal account. We strongly suggest you open the account yourself. It’s simple and easy to open, just visit their official website and follow the above-listed steps. It shouldn’t take you more than 20 minutes to have your account up and running. If you have any question, drop a comment, and we’ll happy to help you.