7 Top Tips For Using Paypal in Nigeria


PayPal launched its services in Nigeria for the first time in July 2014. Using Paypal in Nigeria it is an excellent alternative to using a credit card for online payments.

In fact, according to Forbes magazine, within less than a year of a launch, Nigeria has become the second largest market in Africa for PayPal.

That’s impressive but what is PayPal and how does it work?

Please read on for this and 6 other key facts about Paypal in Nigeria (tip: scroll down to #7 if you want to discover how to withdraw money from Paypal in Nigeria).

# 1 What is Paypal and How Does it Work?

In the simple terms, PayPal is a “middleman” which holds people’s money and allows payments to be made between buyers and sellers of services over the Internet.

You might be wondering why this is necessary? Surely, it would be simpler to simply pay a seller directly.

The problem with paying sellers directly is that you need to give them your credit card details. We Nigerians understand better than most people about the payment scams on the Internet today.

PayPal avoids the need to give out your credit card details to sellers all over the web. This is because at no point does Paypal give you access to the other party’s credit card details. Instead, the seller will simply receive the name and email address of the buyer.

PayPal is the only party that has access to your credit card information and has a range of policies and security safeguards in place to ensure that your credit card information is not disclosed.

# 2 Does Paypal Work in Nigeria?

Yes, Paypal works in Nigeria since July 2004. Paypal allows Nigerians to make payments across the globe via its platform. In fact, according to Vanguard, quoting a 2016 report from Paypal:

“PayPal is the most popular way Nigerians pay for cross-border online purchases and 55 percent of Nigerian cross-border shoppers have used the platform for purchases in the past 12 months.”

Please keep in mind though that Paypal in Nigeria does only have limited capabilities so far (see # 7 below for more information).

# 3 How To Open a Paypal Account in Nigeria?

In order to set up a PayPal Account, you should visit the Paypal Nigeria website and click on “Sign Up” button in the top right hand corner of the screen.

How To Open a Paypal Account in Nigeria

Sign up page for opening a Paypal account in Nigeria

You will then be asked to enter the following details:

  1. Valid email address
  2. Password
  3. Date of birth
  4. Nationality
  5. Home address
  6. The details of a valid debit or credit card that has a Visa, MasterCard, American Express or Discover logo and is enabled for use in online transactions.

It should be obvious from your bank card as to whether it has one of the logos mentioned above. However, you should ask your bank if you have any concerns about whether your debit or credit card can be linked to a Paypal account.

# 4 How To Verify Paypal Account in Nigeria?

Once you complete all the details set out at #3 above, Paypal will send you an email to verify that the email account is yours.

In order or to verify a Paypal account in Nigeria, you should click on the link to Paypal in this email.

Once you have clicked on the link, you will asked to re-enter the password selected at the registration stage in order to complete the verification process.

 # 5 How To Use Paypal in Nigeria?

Most people using Paypal in Nigeria are doing so in order to make payments online, whether purchasing new clothes, booking holidays abroad or depositing at a casino.

But newcomers may be wondering how to use Paypal in Nigeria?

There are numerous options.

As we mentioned above, you can use the Paypal website in Nigeria.

But most Nigerians will be interested in using Paypal with their mobile devices. Luckily, the Paypal mobile app is available for download from both the iPhone App Store, the Google Play Store and, as of July 2016, on the Blackberry World app.

On top of this, many online stores will offer the opportunity to pay via Paypal at the checkout on their website.

# 6 How Do I Fund My Paypal Account in Nigeria?

Unsurprisingly, many of our users want to know how to fund their Paypal account in Nigeria. After all, this is a critical part of using Paypal in Nigeria.

Once you have linked your credit or debit card to Paypal, you can fund your Paypal account with ease. It is essentially a two-step process as follows:

  1. Log in to your account at the Paypal website and click the “Paypal balance” option
  2. Click on the bank account from which the funds will be transferred and select the amount

# 7 How To Withdraw Money from Paypal in Nigeria?

Absolutely, Nigerians are able to withdraw money from Paypal in Nigeria. If you are using the Paypal mobile app, then just click on the “Manage Balance” area and select the “Transfer To Bank” option.

It is important to keep in mind that you can only withdraw money that you have funded from your own account. This is because Nigerians cannot receive money via PayPal at the current time.

When a Nigerian resident signs up to PayPal, he or she must agree to the following sentence:

“Do you agree to the User Agreement and Privacy Policy, and terms incorporated therein, and the fact that you are signing up a PayPal account with Send-Only capabilities?”

The term “Send Only Capabilities” is slightly curious, as PayPal doesn’t describe this term anywhere. However, what this term means for PayPal users in Nigeria is that users can send money out of Nigeria but cannot receive money.

Perhaps, given that Nigeria is still a new market for PayPal, they are waiting to see how things develop and that this “Send Only Capabilities” policy may change. If the policy changes, we at NigeriaShare.com will be the first to let our users know.

By the way, if you’re interested in using Paypal in Nigeria for online shopping, you might like to check out our amazing article on the 3 best online shops in Nigeria.

Have you used Paypal in Nigeria? Have you had any difficulties in opening a Paypal account in Nigeria? If so, please write to us below in the comments section and let us know your stories. 

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