Send Money from PayPal to Nigeria: Best PayPal Exchange Rate

Send Money from PayPal to Nigeria 2021

Who doesn’t know that PayPal is the most popular mobile wallet out there with millions of users using the platform to send money to family and friends, and for business purposes? 

As a Nigerian working online such as a freelancer, web designer, or any digital marketing job, you know one of the frequently used routes to receive payments is via PayPal. 

And if you are into affiliate marketing, the majority of affiliate programs will always opt to pay in Dollars via PayPal.

More so, if you have a friend and family abroad who is willing to send you funds, the most preferred payment route will be PayPal which then pose the challenge of exchanging PayPal money for Naira.

Before we go ahead, let’s check out the best bank cards for PayPal transactions in Nigeria.

 

Best Bank Cards to Use for PayPal Withdrawal in Nigeria

Paypal Exchange Rate USD to Naira

One of the frequently asked questions is which Nigerian bank card is the most preferable. From experience, the best 2 bank cards are UBA Afri Dollar-Dominated and UBA Afri Naira-Dominated.

The last preferred which I have used as well is the First Bank Dollar Card. I sha used it once and went all the way with UBA. 🧓🏃

Amongst the 3, I prefer the UBA Dollar Dominated as you get the best and high exchange currency rate to Naira.

And between the UBA and First bank cards, I prefer UBA as it is swifter for PayPal to Nigerian Naira transactions.

So, when trying to link your Nigerian Card to your PayPal account, use any of these to avoid wasting time – unless you have another working Nigerian bank card.

 

What’s Paypal Exchange Rate USD to Naira? 💱

The PayPal exchange rate USD to naira today using the local bank is ₦411/$. The exchange rate goes up to about ₦450 and ₦500 with local exchangers, and the best exchange rate goes for ₦506/$ with fnfSwap by Isuawealthyplace.

 

How To Exchange and Send Money from PayPal to Naira Bank Account

To send and exchange PayPal to naira you’ll have the choice of whether to send the money to your Bank using the Local Bank Rate via your card, send it to online Exchangers in Nigeria or use the fnfSwap by IsuaWealthyPlace with a high exchange rate to withdraw your PayPal money. 

But before you plan to send PayPal Funds to Naira, make sure that you’re using either a UAE or Lesotho PayPal account – these 2 countries’ PayPal account is mostly used for withdrawing funds if you’re from Nigeria with or without a VPS or VPN. 

In case you don’t have a verified PayPal account, go here to download the free PayPal Guide and do it yourself. 

Let’s get started. 

Option 1. Send PayPal Money to Local Bank

The first way to send money from PayPal to Naira is to transfer directly from your PayPal balance, via your linked Nigerian bank card, to your Local Bank account using the bank’s low exchange rate.

This option is quite laborious, as it will entail several steps before the main process. First, you’ll need to link your preferred Nigerian Bank card to PayPal (if you’ve not done so already) and then withdraw the desired funds from PayPal to your bank.

From there, the bank will deposit your money to your Naira account using the official local rate.

 

Pros of Sending PayPal Money to Local Bank

  • You deal directly with your local bank.
  • You can talk to customer support should you get hooked on the way.
  • You get paid in Naira.

 

Cons of Sending PayPal Money to Local Bank

  • Not all local bank cards can process PayPal to Naira payment.
  • It takes time to set up all the transaction processes.
  • You get paid using the bank’s local and low exchange rate value.
  • Payment can take from 2 to 7 days or more depending on some financial institutions.

 

The steps to Send PayPal Money to Local Nigeria Bank summary – move funds from your PayPal account balance to your linked Nigerian card, and from there to your bank to be paid in Naira.

 

Option 2. Send PayPal Money to Local Exchangers

The second way to send money from PayPal to Naira is to transfer directly from your PayPal balance to a Local Nigerian Exchanger of your choice.

Again, you will have to use their low PayPal to Naira exchange rate.

When the money is processed based on agreement and abiding by their terms and conditions, the local exchanger will deposit the equivalent amount to your Naira account using their preferred exchange rate.

 

Pros of Sending PayPal Money to Local Exchangers

  • You get paid in Naira.
  • You can talk to customer support should you get hooked on the way.
  • Payment can be fast – if no issue arises.

 

Cons of Sending PayPal Money to Local Exchangers

  • Not all local exchangers can process PayPal to Naira payments.
  • The PayPal Dollar to Naira exchange rate might be ridiculously low.
  • Payment can take from 1 to 7 days or more depending on some circumstances surrounding the payment process.
  • It takes time to identify a good and trusted exchanger with a track record.

 

Option 3. Swap PayPal money to Naira using fnfSwap

How to Swap PayPal Funds for Naira

The third option to transfer money from PayPal to a Nigeria bank account is to use the fnfSwap by isuawealthyplace.com.

While our official PayPal to Naira Swap platform at Mrwealthyplace.org.ng is yet to be launched, you can nonetheless, swap your PayPal Funds to Naira with a high exchange rate and directly to your Nigerian Bank account. 

The fnfSwap is a Family and Friends route to help our circle get their stuck money from their PayPal balance to Naira.

The good news is that the maximum time out for payment is 45 Mins after confirmation from PayPal.

 

Cons of using fnfSwap by isuawealthyplace

  • Funds have to be confirmed before payment in Naira!  
  • A transaction form has to be filled to guide against the money laundering act.
  • We don’t deal with transactions outside friends and family circles. No company funds and the likes.

 

Pros of using fnfSwap by isuawealthyplace

  • You get paid in Naira.
  • You can talk to customer support should you get hooked on the way.
  • Payment is made instantly in less than 45 mins immediately after funds confirmation.
  • The exchange rate is HIGH – above the local bank rate.
  • Instant Customer Support.
  • Trusted by friends and families.
  • Offers more than PayPal to Naira Exchange.

 

Good news. We offer more than PayPal to Naira Exchange.

 

#1. You can swap PayPal Money from your Balance to Naira.

#2. You can also swap money from your linked Dollard Card for Naira, and still with the best industry rate at more than ₦500+/$.

How to Swap PayPal Funds for Naira with fnfSwap by isuawealthyplace.

#1. Transfer the PayPal money amount to us.

#2. Wait for confirmation

#3. You get paid based on what is received by us PLUS $5 withdrawal fee by PayPal in less than 45 Minutes.

➡️ Click here to swap your Funds to Naira

 

NOTE: PayPal charges a fee when doing any financial transaction, therefore, we will make payment accordingly after the charge and $5 transfer deduction from PayPal. You can learn more about PayPal fees here.  

 

For instance, here is a $ to ₦ swap processed for a friend some days ago.

how to send money from paypal to Nigeria

$125 was sent from him, but we received $120.45

 

After the $5 charge for withdrawal by PayPal, the receiving exchange rate USD to Naira was with the balance of $115.49.

 

That’s the explanation for the transaction process using the fnfSwap.

 

Current Exchange rate – ₦506/$.

 

➡️ Click here to swap your Funds to Naira

 

How to Swap Dollar Funds from Dollard Card for Naira with fnfSwap by isuawealthyplace.

This is for those who linked a dollar card to their PayPal account and had transferred the funds to the card.

Or anyone that has dollar funds in his or her dollars dominated Nigerian Bank card.

 

#1. Transfer the dollar funds to us.

#2. Wait for confirmation

#3. You get paid without further fees in less than 45 Minutes.

➡️ Click here to swap your Funds to Naira

 

What’s the best way to transfer money from PayPal to Nigeria’s bank Account?

Just as you’ve seen how to transfer money from PayPal to a Nigeria bank account, the best option for you is the route you prefer.

For most people, they prefer to get their funds directly to their bank account using the low official bank exchange rate, and for some that want more value for their hustle, they use the fnfSwap by IsuaWealthyPlace to swap their PayPal Money and Dollar Card Funds for Naira.

PayPal Exchange in Nigeria Payment Proofs with fnfSwap.

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fnfSwap Time of operation

9am to 4pm – Mondays to Fridays

Frequently Asked Questions About Sending Money from PayPal for Nigerian Naira

Most frequent questions and answers

Yes. You can link a Nigerian Card to PayPal. The best and recommended is the UBA Afri Dominated Card. All you need to do is get the card from your preferred Nigerian bank, fund it with a little amount and link it for the verification process.

 

Yes. You can withdraw PayPal money from your PayPal account without linking any card. All you need to do is transfer to the receiver for Naira.

To convert your PayPal funds to Naira, you’ll need to first move your desired funds from your PayPal balance to the receiver or your PayPal card. From there, you’ll either be paid by the funds’ receiver or via your dollar-dominated card.  

The best card is the UBA Afri dollar-dominated card, the next best is the Afri Naira equivalent and lastly the First Bank’s gold card.

Final Note on Exchanging PayPal Money to Naira

For most of us that depend on PayPal payment via any foreign online business that opts to pay us via PayPal, the best thing is to open and verify our account, receive money and use any of your preferred methods stated above to exchange PayPal to naira, right here in Nigeria.

Should you want to open a PayPal account, I recommend using Lesotho or UAE.

And I also recommend using a business account since it allows PayPal transactions from anywhere with or without a VPN.

That’s all on PayPal exchange to Naira.

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