PayPal is a popular and convenient way to send and receive money globally. However, you may be wondering if there are ways to send Naira to PayPal. In this article, we’ll look into this topic in detail and provide you with the information you need to know. Keep reading to know more.
Can I Send Naira to PayPal?
No, you cannot send Naira directly to PayPal. PayPal currently does not support the Nigerian Naira (NGN) as a currency, and you cannot add a Nigerian bank account to your PayPal account.
However, there are third-party services that allow you to convert Naira to other currencies supported by PayPal, such as USD or EUR, and then transfer those funds to your PayPal account. Keep in mind that these services may charge fees which may not be favorable enough.
Why PayPal Does Not Support Naira
While PayPal is a widely used payment platform, not all currencies are supported on the platform. PayPal currently supports over 25 currencies, including the US dollar, Euro, British pound, and Japanese yen. Unfortunately, the Nigerian Naira is not one of them.
There are several reasons why PayPal does not support the Naira currency. One of the main reasons is the lack of proper regulations and infrastructure for digital payments in Nigeria. In addition, there are issues with the country’s foreign exchange policies. This makes it difficult for PayPal to comply with certain regulations and restrictions.
However, if you need to send money to PayPal in Naira, there are alternative ways to do so. One option is to use a third-party service that allows you to convert your Naira into a PayPal-supported currency, such as the US dollar or Euro. While these services may charge additional fees, they can provide a solution if you need to send money to PayPal quickly and easily.
Third-Party Services for Converting Naira to PayPal
Below are third-party services available that offer currency conversion services for PayPal:
Payoneer is a global payment platform that offers virtual bank accounts in different currencies, including the US dollar, Euro, and British pound. You can use Payoneer to receive and withdraw funds from PayPal, as well as make payments in different currencies.
Flutterwave is a payment platform that allows you to send and receive money in Naira and other African currencies. The platform also offers currency conversion services for PayPal, allowing you to convert your Naira into PayPal-supported currencies.
VoguePay is a payment gateway that allows you to send and receive money in Naira and other African currencies. The platform also offers currency conversion services for PayPal, allowing you to convert your Naira into PayPal-supported currencies.
After converting the funds, you’ll then send the money to your PayPal account. To use a third-party service to send money to PayPal, follow these steps:
- Sign up for an account with the third-party service and verify your identity.
- Link your PayPal account to the third-party service.
- Convert your Naira into a PayPal-supported currency using the third-party service.
- Transfer the converted currency to your PayPal account.
How to Send Money From Nigeria Using PayPal
- Login into your account
- Click on the “Send & Request” button usually at the top of the page.
- Enter the email address of the recipient
- Enter the amount you want to send.
- Choose the currency If you’re sending money to someone in another country.
- Review the details
- Click on the “Send Payment Now” button.
You can also send money through an invoice. Simply ask the recipient to send you the bill then you make payment through it. It is also possible to set up pre-approved payments for active payments like Facebook ads, theme subscriptions, etc. Setting up a pre-approved payment lets you take money out of your account without doing it yourself.
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