How To Send & Receive Money With Paypal In Nigeria

PayPal is an electronic commerce company that facilitates payments between parties through online funds transfers.

Some benefits of opening a Paypal account can be seen below:

• Simple and convenient: You skip entering financial information like card number, CVV, expiry date and pin while paying online with Paypal login. Plus, you can shop with confidence knowing that Buyer Protection is available for eligible orders.

• Free: Opening a PayPal account and purchasing something using PayPal is completely free unless the transaction involves a currency conversion.

• Safe and faster: You can shop with confidence when you use Paypal because they don’t give sellers the buyer’s complete financial information. Furthermore, if your qualified purchases do not arrive or do not match the description, PayPal Buyer Protection covers you.

Types of Paypal Account

The PayPal personal account and the PayPal business account are the two types of accounts offered by PayPal. Both accounts are free to open, and each has its own set of features and capabilities.

Paypal Personal Account:

Individuals who want to use PayPal to send money or pay for services online should create a personal account. The personal account is for you if you also enjoy buying on websites that accept PayPal.

With a Paypal personal account, you can accomplish the following:

• Use your credit card, debit card, or bank account to shop on eBay and merchant websites.

• Send money to relatives and friends.

• When you sell on eBay and/or your website, you can accept debit cards, credit cards, and bank account payments for a modest cost.

Paypal Business Account:

A business account is for companies who want to accept payments from their consumers over the internet. Businesses can use the business account to integrate a payment solution into their websites and accept money. Businesses can benefit from a variety of tools and solutions.

You can do the following with a Paypal personal account:

• Accept payments via debit card, credit card, and bank account for a low fee.

• Assign individual access rights to employees under your company or business name.

• Consult the guide to starting a business.

Requirements Needed To Open Paypal Personal Account

1. Name (first and last name is required)

2. Valid email address

3. Functional phone number

4. Address

5. Password (Include numbers and symbols to create a strong password)

6. Debit card (Mastercard and Visa Card only)

Requirements Needed To Open Paypal Business Account

1. Account holder name

2. Business name

3. Website URL (this is optional)

4. Government issued ID card

5. Valid email address

6. Functional phone number

How To Open Paypal Account In Nigeria

1. Click here to visit Paypal personal account opening portal and click here to visit Paypal business account opening portal

2. Locate and tap the “Sign Up” button

3. Enter your email address and click the “Continue” button

4. Enter your preferred choice of password and click the “Continue” button

5. Enter your First name, Last name, Phone number, address and tap the “Continue button”

6. Log into your email account to confirm your email address.

How To Send Money With Paypal In Nigeria

Sending money to a family or even a friend has never been easier thanks to Paypal. To get started, follow the steps below:

1. Log into your Paypal account

2. Tap the “Send” button positioned at the top of your screen

3. Enter the person’s name or email address to whom you’re transferring money, as well as the amount you’re sending.

4. Select a payment method.

5. Press the “Send” button.

How To Receive Money With Paypal In Nigeria

The mail details and the request method are the two options for getting money in your Paypal account.

The mail details approach is the simplest; all you have to do is give the individual who wants to send you money their email address, and they will complete the transaction on their end.

While the request method entails you asking someone to send you money, do the following to request for money on Paypal:

• Log into your Paypal account

• Tap the “Send or Request Money” button

• Choose the Request tab

• Enter the email address of the person from whom you are requesting money, as well as the amount, currency type, and note (note is optional)

• Click the “Request now” button

How long does it take to receive money on PayPal?

The answer is contingent on the sender’s financing source. Sending money from their PayPal balance or a debit/credit card takes only a few minutes. It can take two to three business days for the money to clear the bank if it comes from a linked bank account. As a result, in some cases, receiving money via PayPal may not be faster than receiving money via regular bank transfer.

Does PayPal work in Nigeria?

PayPal is operational in Nigeria. By creating a personal PayPal account, you can send money to Nigerians. You must open a business account to receive money.

Can I receive money through PayPal in Nigeria?

In Nigeria, you can only receive money through Paypal if you have a Paypal business account. The Paypal personal account is exclusively for sending money, making payments, and shopping online.

Originally posted on February 18, 2022 @ 12:18 pm

How To Send & Receive Money With Paypal In Nigeria

Finance