How to create a verified PayPal account in Nigeria that can both receive and send funds.

PayPal is a widely-used online money transfer platform that offers added security and protection for its users. Despite its popularity, Nigeria was once restricted from using PayPal due to a history of internet-related fraud. However, as fraud detection improved and Nigeria emerged as the largest economy in Africa, PayPal lifted its restrictions.

In this article, we will guide you through the steps to open a verified PayPal account in Nigeria without using a VPN.

Requirements:

• Valid email address
• Visa or MasterCard linked to a Nigerian bank account (credit or debit) for verification purposes ( Now using a Virtual dollar card works better)
• identity verification document number eg NIN or National identity card. (make sure to use the NIN Mobile app to generate a New NIN number first)

Steps to Open a PayPal Account:

• Go to the PayPal website for Nigeria at www.paypal.com/ng
• Click on the “Sign up” button
• Fill in your email address and password
• Complete the required information such as your name, date of birth, address, and phone number.
• Enter your debit card information
• Verify your email
• Congratulations, your account is now set up!

Paypal is a global payment service that allows you to send and receive money from anywhere in the world, but there are some restrictions in certain regions like Nigeria. In Nigeria, Paypal only offers a personal account that enables you to send money but not receive it. However, I will show you how to set up a Paypal account that can receive money in Nigeria.

Paypal is a leading e-commerce platform that makes it easy for you to send and receive payments online. It operates as an electronic wallet, allowing you to pay for goods and services with just an email address or mobile phone number.

In Nigeria, only personal Paypal accounts are available, which limit you to sending money but not receiving it. To receive money, you need to open a Paypal business account. You can do this by registering with a Paypal domain in another country that accepts the service, like Lesotho or the UK.

To open a Paypal business account in Nigeria, follow these steps:

• Go to Paypal.com/ls
• Click on "Sign Up" and select "Business Account"
• Enter your email address and password
• Enter your business details, including your name, phone number, and address
• Describe your business, including your business type and product/service keywords
• Provide additional information about yourself, including your date of birth and home address
• Identity verification document number eg NIN or National identity card. (make sure to use the NIN Mobile app to generate a New NIN number first)

After completing these steps, you will receive a confirmation email to activate your account. With your Paypal business account, you can send and receive payments, send invoices, and even integrate payment on your website.

Note: Using this method works for some people and usually has a threshold to receive about $2,500 in total, however, is not a guarantee.

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Finally, to withdraw your Paypal funds to your bank account, you can do so through various methods.

Withdrawing PayPal funds to your bank account To withdraw your PayPal funds to your bank account, you need to have a valid bank account in the USA that can receive international transfers. 

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Then, you can follow these steps:

• Log in to your PayPal account
• Click on "Withdraw" or "Transfer to Bank"
• Choose the amount you want to withdraw and select your bank account as the destination
• Click on "Withdraw" or "Transfer" to complete the transaction

Note: PayPal may charge a fee for withdrawing funds to your bank account. It's recommended to check their fees and transaction limits on their website.

Alternative methods for withdrawing PayPal funds in Nigeria If you don't have a bank account that can receive international transfers, there are alternative methods to withdraw your PayPal funds. These include:

Using UBA Prepaid Dollar Card: You can use a UBA Prepaid Dollar Card,  to withdraw funds from Vendors in Nigeria or make purchases online and in stores.

Transferring to a friend or family member: You can also transfer your PayPal funds to a friend or family member who has a bank account that can receive international transfers. They can then withdraw the funds for you.

This is considered the best and fastest method for transferring money from PayPal to Naira. To use this option, you send a message to Joshua ken on WhatsApp using this link HERE, you get an address where you will send funds and receive the equivalent in Naira. This method will give you access to the highest exchange rate, which is up to ₦515/$.


Pros of  Using Joshua Ken to Exchange PayPal Funds for Naira:

• The exchange rate is high and favorable compared to other options.
• The process takes less than 2hr to be credited.
• You can exchange with Joshua ken from anywhere in the world, making it a great option for those outside Nigeria.
• The process is secure, and Joshua ken has a track record of reliability and trustworthiness.

Cons of Using Joshua ken to Exchange PayPal Funds for Naira:

• Joshua Ken only exchanges for the Gig economy i.e For freelancers, web designers, and digital marketers
• You will need to verify proof of funds on the first 3 transactions to confirm you are a freelancer, web designer, or digital marketer

In conclusion, while PayPal restricts its services in some regions like Nigeria, there are still ways to receive and withdraw PayPal funds. By following the steps outlined in this article, you can open a PayPal account that can receive money and use alternative methods to withdraw your funds.