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PayPal is one of the trusted fund transfer platforms recognised in Nigeria and globally because it is fast, secure, and reliable regarding money transfers. You can use it to make online purchases and payments.
You can send money from it and receive money from any part of the world, including Nigeria. You can do that effectively if you adhere to the instructions about sending and receiving money.
There may be limitations to using a PayPal account in Nigeria for receiving money, but there are no limitations to sending money from your PayPal account in Nigeria.
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Keep reading to learn more about sending and receiving money into your Nigeria PayPal account without restrictions or problems with your account or your money.
With PayPal, you can transfer funds, pay bills, shop online, and much more if you have cash in your PayPal account. You can only send money from your account if you have funds in your PayPal account, but if you don’t, this is how to add money to your PayPal account from your bank account in Nigeria.
This is how you can transfer money into your PayPal account from your bank account in Nigeria.
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When the money in your PayPal account is sufficient for the fund transfer you want, you can follow the instructions below on how to transfer money via your PayPal account in Nigeria.
Here are the step-by-step procedures for sending money through your PayPal account.
Note: It takes three to five business days before the fund you transferred will be credited into the recipient’s account, but if you need to send the money urgently, you have to use the instant transfer option, which will cost you 1% of the amount you transferred. The maximum charge for this service is $10.
Also, you can ask the recipient to send you the invoice, which you will click on and pay, or you can set up a preapproved payment for an active subscription instead of manually performing the task.
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To enable you to receive money into your account, here are the guidelines you must follow and things you ought to do
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Before you receive Money through PayPal, you must have a business account, and here are the requirements for opening a business account.
The documents and information listed below are what you would provide for opening and securing your business account.
When you have these documents ready, read How to Open a Paypal Account in Nigeria -13 Easy Steps to Create a PayPal Account in Nigeria.
Here are some of the limitations you may face when using a PayPal account in Nigeria, which are experienced by users in the US.
Please note: PayPal is no longer banned in Nigeria, but as a user in Nigeria, you may experience some of the limitations mentioned above.
Is PayPal Banned In Nigeria?
PayPal is not banned in Nigeria anymore. The service is more available to Nigerians in a larger extent when compared to how it was in 2015
Can I send money from my PayPal account?
You can send money from your PayPal account to other users.
Can I receive money in my PayPal account?
You can receive money in your PayPal account if it is a business account or linked to a US account.
How can I make My PayPal account Valid in Nigeria?
To make a PayPal account valid in Nigeria, you have to:
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