Gone are the days when Nigerians were limited due to the fact that PayPal was not allowing them to receive money into their PayPal accounts. In times past, Nigerians were not even allowed to own PayPal accounts let alone use it for transaction online.
In case you don’t know, Paypal is an electronic payment system that allows you to pay (and get paid) money online into a virtual account called “paypal account”. In other words, a paypal account works like an electronic wallet through which many financial transactions can be conducted online. A paypal account is usually opened with an email address, which is then used to receive or send funds online.
How to make Money with Paypal
It is pretty easy to make money online. There are various methods involved in making money online legitimately — such as blogging, freelancing, buying and selling websites, etc. With your paypal account, it will be easy to receive many of these payments online. So, once the money is now in your Paypal, you can then withdraw the funds at your local bank here in Nigeria, in Naira denomination.
Fortunately, PayPal decided to lift some of the limitations imposed on Nigeria. Sometime last year (2014), PayPal decided to allow Nigerians to own and operate PayPal account.
However, the said PayPal accounts granted to us still have some limitations. Nigerians are only allowed to send money via the PayPal account for online payment purposes, and are NOT allowed to receive money into their PayPal accounts. In other words, you can’t withdraw funds from your PayPal as a Nigerian.
If the truth must be told, this limitations are frustrating for those who want to make money online and the merchant is asking them to own PayPal account as mode of payment.
So, let me explain some genuine means smart Nigerians make money online/withdraw with a Nigerian PayPal account in Nigeria . And believe it or not, the methods am about to reveal here are completely free and legitimate methods of making money.
This thing has been on for long and many Nigerians are already enjoying it but only a few will tell you.
How to withdraw your Paypal Money in Nigeria
Here are some methods you can use to withdraw money from your paypal account in Nigeria.
The Payoneer MasterCard method
You can withdraw your money from PayPal using the Payoneer MasterCard. The card automatically gives you a bank account in the Bank of America once you activate the card. This means you can use your Bank of America account number to open PayPal account.
However, you will need to use a United States approved Account to verify it. Don’t worry, it is simple.! Just request a virtual US account from Payoneer. Payoneer may charge you a token for this.
You just need to request for the Payoneer MasterCard from payoneer.com. After receiving the card, link it to your Bank of America account number that Payoneer sends along with the card. It usually takes about 1 month to have your Payoneer Mastercard shipped to your address here in Nigeria.
After you have done this, buy US VPN that will make it look like you are browsing from the United States. On your VPN, sign up a PayPal account and when they request for your bank account detail, provide your bank of America account number linked to your Payoneer MasterCard in Nigeria.
After few days, your PayPal account will be verified and you can start making money online from those sites that insist on PayPal as the only means of payment of your earnings. With a Payoneer Card backed up PayPal account, you will be able to withdraw the Naira equivalent of your dollar funds over an ATM here in Nigeria
The exchanger route
If you cannot go through the stress of collecting Payoneer MasterCard, you can decide to work through Nigerian exchangers. When the merchant you work with online request for your PayPal account for payment, simply send them any email address that you have never used before.
The merchant will send the money into the unregistered email address and you only need to contact any of the dollar exchangers in Nigeria to buy your PayPal money. They will add the unregistered email address to their own registered PayPal account and they will transfer the money into their PayPal account and pay you in naira.
This way, you will never be limited again on the issue of making money online from outlets or merchants that insist on PayPal withdrawal alone.