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Does PayPal Work in Nigeria? And other PayPal Questions

PayPal Logo

PayPal is one of the first online platforms in the world and remains one of the biggest even after many years. The platform founded in 1994 by Elon Musk, boasts over 179 million active accounts across up to 200 countries worldwide and a payment volume of almost $1trillion!

The United States of America based company initially stopped any transaction to and from Nigeria supposedly due to a perception that online fraud was pervasive, but relaxed the restrictions in 2014 when they started allowing payments from Nigeria to other parts of the world to go through.

There was still restriction to receive money in Nigeria from PayPal, until around 2018 when this was lifted, though with very strict conditions.

How can I use PayPal in Nigeria?

You can use PayPal in Nigeria, either personally or for business purposes. Go to PayPal website or download the app from Android Play Store/Apple App Store and open an account.

Please note that you can only make payments with the PayPal Personal account, while the PayPal Business account can make and receive payments.

Go to PayPal website and open an account.

    1. PayPal Personal Account: These are the requirement to open a PayPal Personal account in Nigeria:
      1. Your full legal name, as it appears on your birth certificate and documents
      2. Your email address
      3. A strong password
      4. A Debit or credit card. Only Visa and MasterCard are accepted (Please note that Verve card is not accepted)
      5. Your physical address

        PayPal Personal Account Opening page
        PayPal Personal Account Opening

  1. PayPal Business Account: These are the requirement to open a PayPal Business account in Nigeria:
    1. Your full legal name, as it appears on your birth certificate and documents.
    2. Your registered business name (Click here to see how to register a business name).
    3. Your business information.
    4. Your government-issued ID card (preferably international passport).
    5. Valid email address
    6. Phone number

(Note: Provide truthful and accurate information or else you will lose your account no matter how much you have in it.)

PayPal Business Account opening form
PayPal Business Account opening form

Does PayPal Work Nigeria 2021?

Yes, PayPal works in Nigeria. You can open either a PayPal Personal Account, which can be used to send money to anywhere in the world or PayPal Business Account which can send and receive money from anywhere in the world.

 Which bank uses PayPal in Nigeria?

 You can fund your PayPal accounts in Nigeria with the following confirmed bankcards:

  1. United Bank for Africa (UBA)
  2. First Bank
  3. Wema Bank
  4. Guaranty Trust Bank (GTB)
  5. Access Bank
  6. First City Monument Bank (FCMB)

Please note that the only cards that work on PayPal is either MasterCard or Visa. Verve DOES NOT work on PayPal

How do I withdraw money from PayPal to Nigeria bank account?

Add your bank card to your PayPal account. Once you have linked your card, you can withdraw money to that bank account in Nigerian with the following steps:

  1. Go to “Wallet” in your PayPal account.
  2. Click “Withdraw money” link.
  3. Select where you are transferring the money from, and then select the card/bank account.
  4. Type an amount you want to transfer to your bank account.
  5. Click Continue.
  6. Review your request, and then click Transfer.

 Can I receive money with PayPal in Nigeria?

PayPal Personal accounts are not allowed to receive funds in Nigeria, but you can receive funds as a merchant with PayPal Business account.

To be able to receive funds with your PayPal Business account, you need to set up payment on your website(s). Click on “Tools” in your PayPal account and just follow the instructions.

Once this is set up, you can send an invoice with your business account to clients or request for funds from customers. You can also receive money from customers via your PayPal email.

How do I withdraw money from PayPal in Nigeria?

 You can withdraw money from your PayPal account in Nigeria via your linked bank account/card. Go to “Wallet” in your account, select “Withdraw Money” link, Select the bank account/card and transfer the desired amount.

Can I transfer money from PayPal to my bank account in Nigeria?

 Yes you can transfer money from your PayPal account into your bank account in Nigeria using either your MasterCard or Visa card. Once you add the card to the account, you can transfer funds from PayPal to the card/bank account linked with it.

Why is PayPal not working in Nigeria?

 Since 2014, PayPal has been working in Nigeria, though with some restrictions. Some of these restrictions were lifted in 2018 when PayPal allowed Business accounts to not just be able to send payments out of Nigeria, but to also receive payments

How do I withdraw money from PayPal?

 By linking your bank card/account to your PayPal account. You can do this by

How can I sell my PayPal account in Nigeria?

No. You cannot sell your PayPal account in Nigeria. You can however open a PayPal Business Account and use that to sell goods or services

How can I withdraw money from PayPal without a bank account?

Typically, you can send money to other PayPal users, and collect cash from them in exchange. Unfortunately, in Nigeria, you can only use your PayPal account to purchase from merchants and not transfer funds to friends and family.

Can I receive money on PayPal without linking a bank account?

As of now, you have to link your MasterCard or Visa card to your Business account to be able to receive money with PayPal in Nigeria.

To do this on PayPal web, click the gear icon (settings) next to the “Log Out” option. In the new window, select “Money, Banks, and Cards” under “Business/Personal Profile” option.

Use any of the convenient methods to set up the link to your card/bank account.

Author Profile

Yẹmí Noble
Writer, photographer and physicist, 'Yemi loves reading, football and searching for the interconnectedness of things.

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