PayPal is a widely used payment platform for international transactions. With over 429 million users globally, it remains one of the most trusted payment solutions by international clients and businesses.
Unfortunately, withdrawing PayPal funds in Nigeria can be challenging due to certain limitations. This restriction affects many digital workers who lose gigs or get their funds through stressful or expensive alternatives.
With emerging fintech solutions like Grey, you can now access your PayPal funds in Nigeria at the best rates. This article shows you how to withdraw PayPal funds in Nigeria at the best rates.
Read also: The best digital nomad jobs to earn from anywhere in Nigeria
You can access your PayPal funds using any of these methods. A heads up: Some of the prices might be a little high.
Grey is a trusted digital banking platform that offers virtual USD, GBP, and EUR accounts in Nigeria. It allows users to receive international payments from PayPal and withdraw to Nigerian bank accounts at favourable rates.
This option is relevant for merchants selling products on Flutterwave. Although Flutterwave does not allow Nigerian merchants to directly receive payments via PayPal, they can accept payments from PayPal users through Flutterwave’s “Pay with PayPal” feature. This feature enables Flutterwave merchants in select African countries to accept payments from PayPal users worldwide. ****Once you register your business on Flutterwave, you can enable PayPal as a payment option on your Flutterwave checkout. Customers can pay via PayPal. Funds will be available in your Flutterwave dashboard. Then, you can transfer the funds from Flutterwave to your Nigerian bank account.
Several platforms offer to buy PayPal funds and pay in naira. It’s crucial to choose reputable exchangers to avoid scams. Some options include fnfSwap, Zutaa and Afrilatest. Again, always verify the credibility of exchangers and be cautious of potential fraud.
The UBA AfriCard is a prepaid Visa card denominated in USD. This makes it a reliable option for Nigerians to withdraw PayPal funds. You need to visit a UBA branch in Nigeria with a valid ID and utility bill to request the card. Thereafter, you can link your card to your verified PayPal account.
Read also: Top PayPal and Payoneer alternatives for African freelancers
Withdraw PayPal funds in Nigeria at the best rates with Grey in these quick steps.
2. Upload your picture and other documents to complete your Know Your Customer (KYC) verification.
3. Get your virtual USD account details. You’ll receive a US bank account under your name. The name on your PayPal account must match your Grey bank account to avoid failed or missing transfers.
4. Link your Grey USD account to PayPal. Go to the wallet section of your PayPal.
5. Select “Link a Bank Account” and input your Grey bank account details.
6. A deposit will be sent from your PayPal to your Grey account for verification.
7. After verification, you can now transfer funds from PayPal to Grey. This may take 1–3 business days.
Read more: How to open a foreign bank account for PayPal payments
With Grey, users enjoy seamless access to their PayPal funds at the best rates. You can set up an account on Grey in a few minutes and link it with your PayPal account to enjoy withdrawing PayPal funds in Nigeria at the best rates. You also enjoy competitive exchange rates and quick USD to NGN conversions with no hidden charges.
Sign up Grey account today and download the mobile app to get started.
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