How To Open A Paypal Account That Can Send And Receive Money To Your Bank Account In Nigeria

PayPal may be a installment processor that lets you send or Receive Money from anybody within the world. In this article, you'll learn everything you would like to know approximately How To Open A Paypal Account That Can Send And Receive Money To Your Bank Account In Nigeria. 

I will like to clarify a few things to you some time recently appearing you how to open a PayPal account in Nigeria. In the event that you need to skip the clarifications, you'll utilize the table of substance to explore to where you need to begin perusing from. 

However, I will energize to studied everything as you'll learn something unused.

A Very Brief History of PayPal 

When Paypal was established in 1998, it was named Confinity some time recently the founders’ Diminish Thiel, Max Levchin and Luke Nosek rebranded it to PayPal within the year 2000. In 2002 after PayPal went open through an IPO, it got to be a backup of eBay (later that year). 

During this time, Nigerians may utilize PayPal to send and get cash. Shockingly, a few Nigerians utilized PayPal to swindle Americans and Europeans on destinations like eBay, Amazon and Craigslist. 

This driven to the boycott of Nigerians from utilizing PayPal’s administrations around 2004. Ten a long time afterward, PayPal lifted the boycott but it came with a clause; Nigerian clients may as it were send cash from PayPal but not permitted to receive. 

I listened from an questionable source that the Central Bank of Nigeria requests that PayPal must enlist as a Trade in Nigeria some time recently Nigerians would be permitted to get money with their PayPal accounts. In the mean time, PayPal isn't willing to do this – however.

Why you Would like a PayPal Account Acknowledged Around the world?

Paypal is the foremost Well known installment stage within the world with over 277 million clients. reports that 255 million from the entire clients are shoppers whereas 22 million are merchants. 

It is also the most used online Payment gateway in Europe and the United States. If the Nigerian Paypal account was able to receive money, it would have been the best way to get funds from relatives abroad instead of Western Union.

Customer Friendly

I guess why PayPal is popular is because it is more customer-friendly than it is merchant friendly. Assuming a customer buys an item from a merchant and is not satisfied with the item, the customer has 180 days to request a refund on PayPal.

Although PayPal looks into refund disputes so that some mischievous customers won’t cheat the merchant, In most cases, it is a win-win situation.


There was a time I made payment with my debit card through a certain Payment gateway used by some government agencies in Nigeria. That same day I got debit alerts that was not initiated by me. I reported the case to them on Twitter and they never replied. I went to my bank to complain, the lady at the bank just told me sorry.

While using PayPal to make payments, you do not have to reveal your debit card details. Your card details are encrypted on PayPal’s server.

PayPal is also PCI compliant so you have nothing to worry about.

Receive Payments from Affiliate Networks and Freelance Sites

This is the top reason why a lot of Nigerians want to own a PayPal account. After getting bonuses from affiliate networks or earnings from freelancing sites, you definitely want to get paid. Unfortunately, the Nigerian PayPal account cannot receive funds.

Types of PayPal Account in Nigeria

There are four ways to create a PayPal account in Nigeria. I would be explaining how to open them later on.

The four ways are as follow;

  1. Opening a PayPal Nigeria individual account.
  2. A PayPal Nigeria Merchant account.
  3. PayPal account through FirstOnline (FirstBank internet banking platform).
  4. Foreign PayPal accounts (Lesotho, Dubai, UK).
This is what distinguishes the four types of accounts mentioned above;

PayPal Nigeria Individual Account

This type lets you open a PayPal account in Nigeria without hiding your IP. You can only send money with this type of PayPal account but you cannot receive money from anyone.

You should use the Nigerian PayPal account if you only intend to pay for items on foreign websites.

PayPal Nigeria Merchant Account

This account type is for registered business owners in Nigeria. It allows you to send money and receive money through your website. In essence, a PayPal user cannot send money to you directly unless they are paying for a product or service on your website.

If you sell goods or services to the foreign market, you can use the PayPal merchant account.

However, if your product or service is mainly to Africans, Paystack or Flutterwave is a good option.

PayPal Through FirstOnline (FirstBank Internet Banking)

When PayPal extended to Nigeria in 2014, they went into a partnership with FirstBank Nigeria. The main benefit of this partnership is instant PayPal verification for FirstBank customers.

A PayPal account through FirstBank doesn’t grant you access to receive money with PayPal.

It is basically the same thing with the aforementioned except that your account gets verified faster.

Foreign PayPal Accounts

Due to the fact that you cannot really do much with a Nigerian personal PayPal account, some people opt in for foreign PayPal accounts, i.e PayPal accounts of countries that can send and receive money.

The most popular of such countries are Dubai (UAE) and Lesotho.

Now, this PayPal accounts let you send and receive money but it could also be a time bomb waiting to explode. There have been lots of reports of people who PayPal seized the money in their accounts immediately they (PayPal) noticed a foul play.

How to Open a Nigerian PayPal Account

It’s no news that Nigerian PayPal do not receive fund but can only send, this makes it difficult for it to be used for online business aside for buying and paying for goods and services.
I have thought about this a lot and I decided top research on it and discovered a way out and this is the
use of Lesotho PayPal which has the full PayPal feature, which means that it can send and receive fund
as well as do other t6hing a foreign PayPal does.

So let me go straight to the point.

When you do that this is what the page you will see will look like below.

When on the page you need to choose business, because we are opening a business account and that is
the account that has the full paypal feature we need. So click on Signup and then select business
account on the next page as shown below and then click continue when that is done.
When that is done you will be taken to the next page where you are to provide your email as shown in the image below. It’s best if you open a fresh verified Gmail for this purpose. Enter your email there and click on continue… Please it’s advisable you use a Gmail account or a custom email if you have one, avoid yahoo mail at all cost. When you enter the email , click on next and you will be taken to the next page
On the next page you are to enter your personal informations, your business informations.. Don’t worry about the business information, but make sure you are using your real name as it is on your documents.

So in the email field, we enter the email we want to use to open the paypal account and then enter and reenter the desired password.

On the business information area, where asked for legal names enter your original first name and last name there. For business name you can put any business name you want to use there, it doesn’t matter whether registered or not. in my case I put a name I want but having a regisgtered business name is an added advantage.

Where asked for telephone number, click the dropdown option from Lesotho and change it to Nigeria. which is 234 and enter your mobile number there omitting the very first zero that start the number. For instance instead of 08045, use 8045.and then you enter your address as it is on your bank statement
And the next is to select the currency you want the PayPal to use, in this case select USD and tick I AGEE AND CONTINE and click Agree and Continue.
When you do this you will be taken to the next page which is the tell us about your business page, where you will be required to tell them what type of business. Just select individual and then select anything as category and subcategory here and proceed you can omit the url option and leave blank.
And then click on continue and you will be taken to account holder information page where you are required to provide an identification document for verification. Put in Nigeria as your nationality, select the document you wish to use and enter the corresponding details there, in my case I am using an international passport so I will select that from the dropdown and provide the passport number and my original date of birth as it is on the passport.
So next is to submit it by clicking submits as shown above.

So everything is done successfully you are good to go, receive money and send it to your bank account or to your africard.
What problem do face on opening a PayPal account? 

let’s hear from you in the comment section. Thanks For Reading

Tap to Comment

Also Read

Share On:

About Techied's Blog - #1 Tech Blog In Global That Cover with Tech News, free Browsing on Mtn, Glo, Airtel and Etisalat, Frp Bypass, Mobile Phone Flashing, Rooting, etc .
Newer Posts Newer Posts Older Posts Older Posts

More posts

1 comment

After dropping your comment, keep calm, it may take minutes before it appears after moderation.

You want to get notified when i reply your comment? Kindly tick the "Notify Me" box.
  1. Wow am happy to see this, I have been searching on net for this article before I get it here, thank you sir