How to Open Paypal Business Account in Nigeria


PayPal is the most popular online payment system, with over 150 million active accounts worldwide. It is also one of the easiest ways to send or receive money. Setting up a Paypal account in Nigeria can be done from the comfort of your home.

If you are an entrepreneur or a freelancer, then you need to have a Paypal account. How do you open one? Well, we are here to answer that question for you! We will walk through the steps of how to set up your account and use it effectively. This is important if you want to run successful online businesses in Nigeria.

What is Paypal?

Paypal is a global leader in online payments. It provides an easy way to send and receive money through the internet, without having to give out your bank account details or other personal information.

PayPal was established in 1998. From the beginning, it has been a trusted name for online payments and continues to grow as people move more of their lives onto the internet.

Paypal operates in several currencies and it’s now available to Nigerians to make payments online.

Requirements to Open A PayPal Account in Nigeria

A Nigerian resident with a valid email address.

Naira account (virtual money in Nigeria) or any other currency you would like to use for your PayPal transactions. A major credit card, debit card, bank transfer, Google Wallet balance, or gift cards are accepted as well but not necessary.

Receiving Paypal Funds in Nigeria

This is where the big issue is for Nigerians as far as using Paypal. Personal accounts are not allowed to receive Paypal payments in Nigeria.

Personal accounts can only send payments or pay for products and services using PayPal on millions of merchant websites across the globe.

However, all hope is not all lost if you are a merchant and need to receive PayPal payment in Nigeria.

Your PayPal account is linked to your bank account which is in Nigeria so that each time you make a purchase, it will be deducted from your balance.

PayPal does not yet support Nigeria’s currencies, so all of your transactions are done in US Dollars.

PayPal Business Account in Nigeria

In 2018, PayPal officially made available its business account in Nigeria. You can create a PayPal Business Account if you are a merchant and need to track your expenses with ease, as well as receive money from customers more securely than ever before. In a nutshell, only business accounts are allowed through PayPal in Nigeria.

How to Receive Paypal Funds in Nigeria?

Merchants are business owners who offer a product or service to other people, some of these merchants have an eCommerce or simple corporate website where they offer their product or services to people who need them, these people are not only Nigerians but from all over the world.

Basically, if you want to receive funds through the PayPal business account, it is imperative that you have a website.

Nigerian PayPal account cannot receive transferred funds, it only takes payment through the PayPal payment gateway integrated into a website as means of payment for a product or service. Even if you are a freelancer, you need to have a website where people can order for your Gigs and pay on your web.

How to Create a Fully-functional Website for your Paypal Business Account

You can engage our service at to create a fully functional website for your business. We deploy several web management solutions such as WordPress, Magento, Squarespace, Wix, Shopify, and more depending on your preference and budget.

Almost all of the web development software mentioned above supports PayPal as a payment gateway. This means that you can integrate your PayPal account with the website and have it work like any other e-commerce site only that transactions will be made through PayPal instead of credit cards or bank transfers.

Once everything is set up, you don’t need to worry about things anymore because customers can pay for products on your website and they’d be rest assured that their money is safe with PayPal.

PayPal Limitations in Nigeria

It may shock you to know that Paypal still has a lot of limitations for Nigerian users. PayPal is an American service. The very best experience with this payment system is available to residents of the USA.

No other country enjoys the depth and richness of features offered in the USA, which makes it feel like Nigeria has been left out on some fronts when you compare them side by side.

What is PayPal transaction fee?

PayPal transaction fee is the percentage of a purchase cost paid to PayPal for processing.

Paypal’s standard rates are 4.4% + $0.30 USD per sale and there is no charge on the purchases made using your bank account or credit card through their site as long as you have an active balance in one of these two.

Is PayPal Banned in Nigeria?

Until 2015, Paypal was not available in Nigeria. On March 17th, 2015 Paypal was made legal to use in the country and it is now possible for Nigerians to open a PayPal account from anywhere in the world. However, the use of PayPal for Nigerians still holds a lot of limitations.

Paypal + Flutterwave Partnership In Nigeria

Flutterwave partners Paypal to enable African merchant receive payments

On the 15th of March 2021, Flutterwave announced a partnership with the payment giant on her official blog, in a blog post titled “Africa, you’re welcome to 377 Million+ PayPal Users“.

In a nutshell, Flutterwave merchants in Kenya, Nigeria, South Africa, Egypt, Morocco, and Senegal may now be able to easily accept payments from PayPal users worldwide. Now that Flutterwave has partnered with the Payment giant PayPal. There is a new opportunity for Africans to sell to the world! The possibilities are endless and we keep a tab to see this unfold.

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