Paypal officially arrives Nigeria - Tips to Make Money in Nigeria

Posted by Felix Okoli on Thursday June 19, 2014 at 11:42:46:

In the past, popular payment options like Paypal were not available to Nigerian residents and the only way Nigerians could use Paypal was through agents or contacts in Paypal supported countries like USA or UK. Recently however, Paypal has added more countries to its list of supported countries and this now includes Nigeria.

Paypal Nigeria officially launched on June 17 and you can easily register with your Nigerian address and debit/credit card by going to www.paypal.com/ng.

As at the time of writing this post, Paypal Nigeria comes with limited services and for now, Nigerians cannot receive money through it but they can send money.

Paypal Nigeria seems to have partnered with international card brands like Visa and Mastercard which are already operating in Nigeria and so they don't seem to have a direct partnership with our local banks yet.

To officially open a Paypal account in Nigeria, all one needs to do is go to www.paypal.com/ng and register with your usual Nigerian address, phone number and zip code. You can also immediately include a Nigerian issued Visa or Mastercard to verify your Paypal account.

This new offer of services by Paypal to Nigerians would help open up more access to Nigerians who want to shop or just make payments at many Paypal supported websites.

As I said, for now, one can only make use of Paypal Nigeria to make payments which will normally be deducted from your bank account through the Visa or Mastercard already linked to your account. Paypal will initially send a debit of about N320 to your account which will also include a payment code that is to be used to verify the account. Once verified, subsequent payments will now be used to send money on the Paypal network.

Now Nigerians can now shop on Paypal supported stores or pay for goods and services without having to risk their credit/debit card details or pay higher fees for funding Paypal. I think the exchange rate used for me was N167 to a dollar which I'd say is a good exchange rate for now.

In the past, Nigerians used to go through agents to use Paypal and at times this involved paying up to N200 just to fund their Paypal accounts per dollar. Now, they'll be able to spend less and still be able to use Paypal without hiding their Nigerian identity or location.

This brings to about 3 the number of instant online payment platforms available to Nigerians that are globally accepted and these are Visa, Mastercard and Paypal.

Comments:

Re: Paypal officially arrives Nigeria Posted by Sunday Gideon on Thursday June 19, 2014 at 19:47:59:

Wonderful post, thank you, i hope paypal will soon allow nigerians to receive payment through paypal.

Re: Paypal officially arrives Nigeria Posted by www.agbonclick.com on Thursday June 19, 2014 at 20:2:28:

Thank God. At last they can still look to the home of Africa biggest economy. Shame to them.

Re: Paypal officially arrives Nigeria Posted by Alimi tunde on Friday June 20, 2014 at 9:26:34:

I was so glad when i heard the news

Re: Paypal officially arrives Nigeria Posted by Udoka on Saturday June 21, 2014 at 16:32:49:

I am happy to hear this ,are you sure what your are saying is real .if true may the lord bless you for your information .I like your site

Re: Paypal officially arrives Nigeria Posted by Felix Okoli on Saturday June 21, 2014 at 16:32:49:

Yes it is true. I just sent my first $10.

Re: Paypal officially arrives Nigeria Posted by Tonye keme on Tuesday June 24, 2014 at 13:48:56:

Am happy that finally paypal has come to nigeria.

Re: Paypal officially arrives Nigeria Posted by Stephen Opara on Tuesday June 24, 2014 at 22:40:8:

Thanks absolutely n completely!

Re: Paypal officially arrives Nigeria Reply by wiziano on Sunday September 7, 2014 at 16:12:17:

so happy.thank's men

Re: Paypal officially arrives Nigeria Reply by Tony Goodman on Thursday March 19, 2015 at 7:29:57:

Thank God at last we have PayPal here. I almost lost my PayPal accounts when I relocated to Nigeria and my international bank card expired here and cannot upgrade it with my bank here. I was wondering if PayPal could accept other African countries why Nigeria not included... Anyway I'm happy but shame to PayPal for underrating Naija. We are the giant Africa

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