The internet introduced the world to a new phenomenon known as “e-commerce.” This simply translates to, business being done online. I suppose, the limiting factor had always been how funds will be sent and received between two parties in business together but one is overseas. This invoked creativity in man and a myriad of online financial service providers emerged as to how to receive money with PayPal in Nigeria.


Africa has not been left out by PayPal, a giant among the world’s financial service providers for online payment. Paypal is accepted worldwide as a means to send and receive money, settlement of bills, and online transactions from various online stores. For the purposes of this Article, we will take a look at how PayPal works in one of the most influential economies on the continent, Nigeria.


Clearly, there is no need to question whether PayPal works in Nigeria. It is accepted globally. All you need to do is open a personal account which you can use for bills well as online payments. Alternatively, you can open a business account.

We will take a look at how to receive money using PayPal in Nigeria:

Here is how you can transfer your money from PayPal into your connected bank account.


Personal accounts can not receive money in Nigeria. This means if you want to receive some, you have to open a business account.
The first step as mentioned above is to open a PayPal business account, which is the only eligible account in Nigeria for the reception of PayPal funds.


You then set up the payment on your website following instructions given by prompts in your account. Then, set up your payment on your website. These will help you with information on how you can receive funds. There is also an option to send invoices to your clients and request funds due to you from clients. This option is found only on the business account.


Your email also works for receiving money from customers using PayPal. The case for Nigeria is a unique one but most of the countries that accept PayPal use a standard format.

Steps To Receive Money With Paypal In Nigeria

1.Log in – This step is straightforward. You can not do anything on an online platform without logging in.

Summary page- when you log in, go to your Summary page. There you will find a “Transfer Money” button just beneath your PayPal balance, click on it. Alternatively, the option is found in the “Wallet” menu in the top toolbar.

2. Transfer – Multiple accounts- Some have more than one account connected to their PayPal accounts. In this case, you will simply select the one to which you want the money to go before activating the “Next” prompt.

3. Amount – The next step is to enter the amount of money to be moved to your bank, then click “Next” again. Remember you can choose to move all your money or keep some in your PayPal account.

4. Review – Before the final step, the next page, will prompt you to review your transfer. This gives you the chance to make sure all the information shown is correct. If you are satisfied, you click the prompt “Transfer [your amount here] now.” When you reach this stage your funds would have been transferred to your account.


As usual, I speak to young entrepreneurs when it comes to technology. It is our opportunity to expand our horizons beyond our respective borders. Platforms like the one in question equip us with an easy way of selling our products and services without having to go through so many gatekeeping processes. A practical example is if you market yourself well on social media and other communication platforms, potential clients will come through and transactions can be done without anyone having to cross borders.


Major corporations have moved most of their business online and nothing can stop us from doing the same. This is quite encouraging for IT students. One effective way of improving our interaction with technology is acquiring qualifications in the field.

Online platforms for the transfer and reception of funds offer a certain level of security. Conventionally, funds were lost in transit or during the various procedures involved in people’s transactions. There is also the prevalence of a high degree of confidentiality through e-commerce. The only limitation that may be there is when the Internet is inaccessible.

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