Are you looking for a way to receive money from clients and customers? If so, PayPal is a great option. This guide will discuss how to set up a PayPal account and start receiving payments. We will also provide tips on making the most of your PayPal account. So, whether you are just starting out or you have been using PayPal for a while, this blog post has something for you!
PayPal is a popular payment service for online businesses. It has been accepted in more than 200 countries and is also officially available to e-commerce merchants in Nigeria since July 2014. To start using PayPal for your business in Nigeria, PayPal stipulated certain criteria you need to meet, which we will discuss in this article.
If you are new to PayPal and want to learn how to receive money from PayPal in Nigeria, there are a few things that you need to do. First, you need a valid email address. You should also have a contact phone number and a home address. Lastly, you must have a credit card linked to your PayPal account.
Is PayPal a completely free service?
This is a question that many people have, and the answer is a little bit complicated. PayPal does not charge users to send or receive money, but some fees are associated with certain transactions. For example, if you want to use PayPal to buy something, the seller may pay a fee for the transaction. Additionally, if you receive money from someone outside of the United States, PayPal may charge a fee for converting it to your local currency.
Despite these fees, PayPal is still one of the most popular ways to send and receive money online. This is because it is straightforward to use and offers many security features. For example, PayPal allows you to keep track of all of your transactions in one place, and it provides a way to dispute charges if there is a problem with a purchase.
How To Create A PayPal In Nigeria
Once you have the earlier mentioned information ready, type www.paypal.com/ng/home on your mobile phone browser URL bar, scroll to the bottom of the page to see Get Started, click on the signup button to proceed the next screen, and fill in the required information. Info like your phone number, email address, and residential address.
How To Link Your Nigerian Debit Card To Your PayPal Account
Once your account is created, the next step is to link your Nigerian debit card. To link any of your valid Nigerian cards, you will have to be logged in to your Paypal account, scroll down till you see Link a card option, click on it and type in your card info. If your card is valid, it will automatically be linked to your PayPay account for immediate transactions.
How To Send Money With Your PayPal Account
To send money with your PayPal to anywhere in the world, you will need to login into your PayPal account, click on the menu button on the left side of your screen, and select the Pay & Get Paid option. On the next screen, you will be required to put the recipient’s PayPal Name, Username, Email, or Phone number. After putting the receiver’s info, add the amount you want to send. If you wish, you can add a note for reference, then click continue to review the entered info. After confirming that the information you entered is correct, you can click the Send button to transfer the fund from your account to the recipient’s PayPal account.
How To Receive Money With Your PayPal Account
To receive money through a PayPal account in Nigeria, you must make sure you have your credit card linked to your PayPal account, then send your already verified PayPal account’s email or phone number to the sender for the transfer. Note, it may take up to 48 hours (two days) for the sent money to reflect in your Nigerian bank account.
Top PayPal Alternatives:
Venmo:
Venmo is a mobile payment app designed by PayPal Holdings, Inc in 2012. It allows users to send and receive payments from others using their mobile phone number or email address. Venmo also allows users to buy and sell Bitcoin. PayPal Holdings, Inc. also owns PayPal, a digital payment service used by online merchants and consumers to make payments and receive money.
Skrill:
Skrill is a digital wallet that lets you pay for goods and services online without exposing your credit card details. You can use Skrill to pay for items on eBay, Amazon and other merchants’ websites. You can also use it to receive payments from others. Skrill works with major debit and credit cards and popular e-wallets, such as PayPal.
Google Pay Send:
Google Pay Send, formerly known as Google Wallet, is a digital wallet that lets you store your debit and credit card information in one place. You can use it to pay for items online or in stores that accept contactless payments. You can also use it to send money to others. Google Wallet is available as an app for Android devices and a browser extension for Chrome.
Cash App:
This app is owned by Square, which makes those mobile credit card readers. Cash App lets you easily send and receive money with just a few taps on your smartphone. You don’t need to create a separate account; you can use the Cash App to pay people who already have the app. Square also offers a Cash Card, a physical debit card that you can use to spend your Cash App balance anywhere Visa is accepted.
Conlusion
I have been using the PayPal payment gateway as my preferred payment option whenever I buy anything online for a long time, and I have not regretted it for once. If you are a business owner, you need to open a PayPal account in Nigeria. Once you have a PayPal business account, you can accept payments from people outside Nigeria. You can choose which currency you accept and then use the converter to convert it to USD. After that, you can then set up a website or a mobile application to accept payment.
