Lot’s of questions some folks do ask daily because of unawareness of how exactly PayPal works. Today i got another question “Can i send and receive funds with my Nigeria business Paypal account?” alongside with the usual one “How to open a business paypal account in Nigeria”
I have decided to share with you the answer officially to let you know if you can send and receive funds with Nigeria business Paypal account.
Can i send and receive funds with Nigeria business Paypal account
There are three types of PayPal accounts but in general the commonly used ones are: Personal PayPal account and business PayPal account.
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Personal PayPal account:
The fact that it’s called Personal account does not mean you can’t use it for making transactions like sending and receiving funds online. I can boldly say that almost every feature of business account exists in the personal Paypal accounts.
Though personal Paypal accounts have sending limits which means you can not send or receive some certain amounts (not specified) in your personal Paypal accounts. That makes it difficult for people handling large PayPal Funds above $1000 Dollar.
If you’re one then you need to go for business Paypal account otherwise if you handle little funds around $500 – $700 then personal Paypal accounts are still preferable.
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Business Paypal account:
Like the name sounds. this is well design for business people online. There’s no limit to the amount you can handle with your verified business Paypal account.
This is why it’s advisable for regular huge fund Takers online. but people like us who don’t have money in the bank we can still use personal Paypal account anywhere.
Business paypal allow merchants to sell directly from their stores using paypal API Keys. You can also integrate your personal Paypal account on your website there’s no issue about that. But not using API instead just payment links
Can i convert my personal PayPal account to business account?
If You you have made a personal PayPal account and on the long run you want to convert it to business account, you can see the option to do that right from your profit or settings page.
That measn you can easily convert your personal Paypal account to business account without issues.
Having understood the above, Let’s answer your question.
Can i send and receive funds with Nigeria business Paypal account
As officially stated, Nigeria PayPal account cannot send and receive funds locally or internationally instead you can only add your Credit or Debit card to your PayPal account and while you do shopping online with your PayPal account, they will deduct the money directly from your Bank account. ( Automatically that renders Nigeria PayPal account useless for Marketers)
The above is applicable to personal account. But for Nigeria business paypal Account, You can only receive payments through your website as a merchant and you will be able to send out if the pay is made through your website. (only for Nigeria business paypal).
How then does Nigeria Marketers use PayPal?
Ask every online marketer in Nigeria who uses PayPal in sending and receiving funds online and you will see they aren’t using Nigeria PayPal accounts instead they create foreign PayPal accounts.
How?
Yes: It’s certain you can manage foreign PayPal accounts from Nigeria and that’s what we have been helping our clients to do. “Creating verified PayPal account which can help you send and receive funds worldwide
Click on the above link let us help you make a foreign PayPal account in Nigeria which can send and receive funds worldwide without any restrictions. However, the below guide will help you on steps to create Business paypal Account in Nigeria for free.
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How To Open Business Paypal Account in Nigeria
- Follow the business paypal registration link
- Enter your email address
- Select your PayPal country
- Fill In your Registration Details
- provide Additional Information about Your business
- enter additional information about yourself
- Confirm email address
- Link and Confirm Card
Follow the paypal registration link here. Enter your email address
From the next page select your PayPal country. We go with Nigeria since that’s what the tutorial is in for.
Fill in Registration details such as name, email, Date of birth, password and the likes
Provide Additional Information About Your business.
Provide additional Information about Yourself.
Confirm Your email address having done with the registration process.
After email confirmation, Login Your account and Add Card since you can’t add Bank because of paypal restrictions. As soon as you link and confirm card, Your account is done and ready for use.
Conclusion: How to Create Verified Business Paypal Account in Nigeria
You can still send and receive payments through your website even without linking any Card or Bank but your PayPal account status won’t show verified.
To lift Transaction limit and Also To make your account status change to verified, You need to Link and Confirm Card.
Kindly share this post on How to open Business Paypal Account in Nigeria if you find it helpful.
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